Articles on blockchain and cryptocurrencies
23 Jun 2020 1 minute read 0 comments DanBlock
We have seen Bitcoin making a decent move to the upside, yesterday we were discussing Bitcoin being held down by the short-term downtrend from the purple line. As we have seen that barrier has been smashed, and we are now at a major level. This is a...
22 Jun 2020 1 minute read 0 comments DanBlock
Bitcoin has been boring over the weekend, bouncing between support at $9200 and resistance at $9350. Early this morning it moved up and several news are now saying we are finally recovering and heading for the moon. Although I'm long term bullish on...
18 Jun 2020 1 minute read 0 comments DanBlock
Bitcoin has been putting up with what I like to call a "turtle move". Since yesterday, I had to adjust the new purple uptrend on the 4 hour chart to align with the long red wick and as you can see below, we now have an outline of a turtle! Now let...
17 Jun 2020 1 minute read 0 comments DanBlock
Bitcoin has been boring for the past couple of days, I'm not sure if this is a good or a bad thing. As you can see below, there is a strange shape Bitcoin is forming and for now it's respecting the green line support. I'm expecting some tension in t...
16 Jun 2020 1 minute read 0 comments DanBlock
Bitcoin have seen a nice bounce back and many are talking about it like we are now set to go much higher, I decided it was the time to clear the chart and look again at macro-level where the key support and resistance level are. On the 4 hour chart w...
15 Jun 2020 1 minute read 0 comments DanBlock
Yesterday we discussed the possibility of a dump at the green line and potentially touch the amber line today where the big vertical red line was. I couldn't make this up. Look exactly at what happened! So where we are at now? Although we went as d...
14 Jun 2020 1 minute read 0 comments DanBlock
Yesterday I pointed out that Bitcoin was jumping between two levels and look what happened as soon as it breached the boundary of that trend. The price went very volatile and eventually, and at the end of the trend, it drifted downwards. After that...
13 Jun 2020 1 minute read 0 comments DanBlock
This morning I saw another smaller trend, Bitcoin is bouncing between a small wedge I draw on the chart in dark blue as you can see below In about 3 or 4 hours we should know which direction we are going next. If we were to go up, I would expect to...
12 Jun 2020 1 minute read 0 comments DanBlock
Yesterday we discussed two scenarios for the next Bitcoin movement, here if you missed it. The bearish scenario was looking for a specific pattern as you can see again in the screenshot below You can see that yesterday I was looking for a price leve...
11 Jun 2020 1 minute read 0 comments DanBlock
I have been waiting for this moment and it finally happened, Bitcoin made its move....to the downside. The market has been very volatile but we now have our answer. So where are we now and where could we go from here, let's have a look at the chart....
