FutureBlockchain

FutureBlockchain Updated  Jun 24, 2020

Hi all, Let´s look at bitcoin. Just as predicted on Monday, the price of BTCUSD broke out of the zone where the horizontal resistance met the diagonal one at $9,500. It was, however, once again rejected at the $9,700 resistance, which was our next target up. Personally, I thought that this will be it and we will see another run towards $10,000 and $10,360. I...

FutureBlockchain Updated  Jun 23, 2020

Hi all, BTC still trading sideways caught mainly in the $9,500 -$9,300 range. The Saturday session on June 20 was quite volatile as bitcoin was moving in the $9,400 - $9,120 range before closing at $9,355. Bulls managed to regain some of their positions and avoided further decrease to the sub-$9k levels. On Sunday, June 21, the major cryptocurrency formed a...

FutureBlockchain Updated  Jun 23, 2020

Hi all, ETH started to move South last Tuesday when it last hit $235. The level is acting as pretty strong resistance in front of bulls on their way up to $240. During the weekend we saw a relatively calm session on Saturday when the leading altcoin remained flat. Then on Sunday, June 21 it continued to slide and ended the week at $227 with 1.7 loss on a weekly...

FutureBlockchain Updated  Jun 23, 2020

Hi all, Looking at ONT as one of the alts that moves pretty nicely these days, we can clearly see a new higher high was printed today at .670. We are also above the uptrend line and there is plenty of room for growth if the we manage to close above this level and consolidate on daily. Target up: .690 - very important as this is where the 200-day EMA sits...

FutureBlockchain Jun 19, 2020

Hi all, Looking at the ETH/USD pair and as commented on Wednesday, we are still caught in the $240-$230 zone with $235 acting as local resistance now. The bear pennant that was being formed in the last few days resulted in another drop, but the heavy support level at $230 once again proved its stability. If broken, then the downward movement will take us down to...

FutureBlockchain Jun 19, 2020

Hi all, Bitcoin is not that interesting in the last few days as were are not seeing the big movements we are used to while trading crypto. Absolutely nothing changed for me and I remain on my position from Wednesday. That is: 1. I'm bullish in general, But we are obviously in a pullback scenario. For the uptrend to be restored, we would need a stable close...

FutureBlockchain Jun 17, 2020

Hi all, As commented yesterday, it was of great importance for the current setup to see how price reacts when hitting $235. So, it was rejected twice already in the last 24 hours, which makes the path towards $240 quite hard. We are caught in the $240-$230 zone since Friday, but the daily chart pattern that is being formed starts to look a lot like a bear...

FutureBlockchain Jun 17, 2020

Hi all, Bitcoin continues to struggle with the $9,600 - $9,500 area. As visible on the daily chart, this is not only where horizontal resistance lies, but also where the former mid-term uptrend line is situated. Bulls are unable to surpass this extremely saturated indicator-wise zone and the decreasing volumes are not helping. Looking at the 24-hour volumes they...

FutureBlockchain Jun 16, 2020

Hi all, Major altcoins (Top 10 by market cap excluding BTC and USDT) stand at $49,6 billion and attribute to more than a half of the altcoin market. The total altcoin market stands at $93.2 billion, down from $97 a week ago. We saw a slight reversal do the downside thanks to last week's drop, which resulted in a pullback for all cryptocurrencies. The major...

FutureBlockchain Updated  Jun 16, 2020

Hi all, Another big dump for BTC in the last two days. The current volumes were not enough for bulls to surpass the $9,500-$9,600 S/R area and yesterday, after the third straight day being rejected there, BTC fell down to $9,320. As of the time of writing, it is trading even lower - at $9,100. It was somehow expected correction since bitcoin was struggling to...

FutureBlockchain Updated  Jun 16, 2020

Hi all, Just like BTC, ETH made a short pullback on Sunday and extended it today. Unlike it, however, it did not break below an uptrend line, making it significantly more stable compared to its big brother. What I will be looking at from here is to open longs down to $216-$220 support zone. Recapturing $230 is the next target upwards. The rising wedge resulted...

FutureBlockchain Jun 15, 2020

Hi all, BCH hitting the target like a clockwork again and is at the buys zones This is a very good opportunity to train our range trading skills as Bitcoin Cash. On the other hand, the bigger picture changed a little bit with the potential formation of a bearish pennant on the daily chart, so all eyes on the next few days to see what direction will price...

FutureBlockchain Updated  Jun 12, 2020

Hi all, Bitcoin made another attempt to break above $10,000 yesterday, but with no luck as it was immediately rejected and pulled back down to the mid-term diagonal resistance. Actually BTC made a very strange candle hitting both $10,000 and sub-$9,600 levels in the matter of just one more time (around 17:00 CET). The high volatility resulted in another upward...

FutureBlockchain Updated  Jun 12, 2020

Hello all, Let's look at how major altcoins are progressing these days. Here we have a consolidated chart for Top 10 coins excluding BTC and USDT. These are ETH, XRP, BCH, BSV,EOS, LTC,BNB andXTZ. The current market cap for all altcoins (except bitcoin) moved up to $98.5 billion, so very close to the psychological level of $100 billion. It moved up by 2.7...

FutureBlockchain Jun 12, 2020

Hi all, Bitcoin Cash (BCH) is trading in the $265 - $220 range since mid-April. Still, there is an ascending triangle formation since the March 12 drop with $265 its horizontal resistance. The uptrend line (diagonal support) was broken yesterday, but the horizontal support near $225-$228 was not tested as price rebounded and is now trying to go back above the...

FutureBlockchain Updated  Jun 11, 2020

Hi all, Let's check ether Surprisingly or not, it keeps moving up without significant corrections. What worries me here is the price movements and the candles that re getting shorter and shorter to a rising wedge formation, which can trigger a reversal to the downside (see on the main chart). It is also clearly visible that bear pressure is significant and...

FutureBlockchain Jun 9, 2020

Hi guys, Being kinda busy these days, so apologies for not sharing my thoughts on BTC since Friday. Actually not much of action during the weekend and the first day of the week. We are still stuck in trading in the $9,500 - $10,000 corridor, moving up and down mainly between $9,500 as a lower end of the range and the mid-term diagonal resistance on the high-end....

FutureBlockchain Jun 5, 2020

Hi all, Good old XRP and its mysterious ways. It keeps up trading above the uptrend, still, it is not able to achieve a major breakthrough and establish a solid move up. It is true it printed a new higher high at $0.211, but it could extend it to $0.215. We are also below the 200-day EMA, so XRP is not looking like it's about to turn the tide anytime soon. If...