🔵 A N A L Y S I S 🔵
📣🎓Dash fell to the 20-day EMA yesterday, where buying emerged, pushing it back into the ascending channel.
We expect the digital currency to retest the highs at $815 once again. If the bulls manage to breakout of this overhead resistance, you might see a rally towards the resistance line of the ascending channel.
📌Dash will become negative only on a fall below $640 levels.
📣🎓Dash fell to the 20-day EMA yesterday, where buying emerged, pushing it back into the ascending channel.
We expect the digital currency to retest the highs at $815 once again. If the bulls manage to breakout of this overhead resistance, you might see a rally towards the resistance line of the ascending channel.
📌Dash will become negative only on a fall below $640 levels.
So here first the explanation on what futures are:
Futures are financial contracts obligating the buyer to purchase an asset or the seller to sell an asset, such as a physical commodity or a financial instrument, at a predetermined future date and price.
What this means is that you speculate on the price of the future. This means the futures price will be much higher since everyone believes BTC will be worth much more. The one that will sell the BTC to the contract holder thinks it will be worth much more at least. So if the BTC price is 15k USD and the futures contract lets you buy BTC in one year for 20k USD they mostly sell it for 5k USD. if the BTC price goes higher now that means that the future contracts will be worth more because the price will be higher than what people will pay for BTC. This means whales will try to pump BTC which results in a higher futures price. After they sold their futures to some people they will dump BTC. (In my opinion at least)
Does that sound logical? I hope it does. If you want some more information on futures:
https://www.investopedia.com/terms/f/futures.asp
Futures are financial contracts obligating the buyer to purchase an asset or the seller to sell an asset, such as a physical commodity or a financial instrument, at a predetermined future date and price.
What this means is that you speculate on the price of the future. This means the futures price will be much higher since everyone believes BTC will be worth much more. The one that will sell the BTC to the contract holder thinks it will be worth much more at least. So if the BTC price is 15k USD and the futures contract lets you buy BTC in one year for 20k USD they mostly sell it for 5k USD. if the BTC price goes higher now that means that the future contracts will be worth more because the price will be higher than what people will pay for BTC. This means whales will try to pump BTC which results in a higher futures price. After they sold their futures to some people they will dump BTC. (In my opinion at least)
Does that sound logical? I hope it does. If you want some more information on futures:
https://www.investopedia.com/terms/f/futures.asp
Investopedia
Futures Trading: What It Is, How It Works, Factors, and Pros & Cons
Learn about futures trading, along with how contracts work, key market factors, risks, and potential benefits, and how investors use futures to hedge or speculate.
CryptoBullet
BURST/BTC: burst facing historical falldown & It has massive energy to soar. reversal gonna happen soon.
👉$BURST has just touched 0.00000105
We called it at 0.00000085
Estimated gained profit💰: +23.5%
We called it at 0.00000085
Estimated gained profit💰: +23.5%
📣🎓 Litecoin monster rally📈
Due to the recent hype of Bitcoin earlier this week, Litecoin (LTC) has reacted with a massive run of its own. The cryptocurrency is now approaching a 100 percent price increase just 24 hours after Bitcoin cooled down.
Recently, there was some concern that a “flippening” would take place, with Bitcoin Cash threatening to overtake Bitcoin’s place as the leading cryptocurrency. However, if present trends continue, a different type of flippening may occur with Litecoin’s market cap potentially eclipsing that of BCH.
Due to the recent hype of Bitcoin earlier this week, Litecoin (LTC) has reacted with a massive run of its own. The cryptocurrency is now approaching a 100 percent price increase just 24 hours after Bitcoin cooled down.
Recently, there was some concern that a “flippening” would take place, with Bitcoin Cash threatening to overtake Bitcoin’s place as the leading cryptocurrency. However, if present trends continue, a different type of flippening may occur with Litecoin’s market cap potentially eclipsing that of BCH.
📢🎓 Many Altcoin Markets Experienced Considerable Volatility After Setting New All-Time Highs This Week
Litecoin has established a new-all time high of approximately $155, after two days of extremely bullish action following LTC’s break above the $100 USD area. Right now the price of LTC is approximately $148.
Litecoin has established a new-all time high of approximately $155, after two days of extremely bullish action following LTC’s break above the $100 USD area. Right now the price of LTC is approximately $148.
📢🎓 Ethereum has consolidated within a 20% range over the course of the preceding week, with the markets appearing to have established support above the previous all-time high of $400. Following the breakout last month, ETH has failed to consolidate above $500. ETH is currently trading for $447.
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