Your Daily Support to Break Resistance.
10 May 2022 3 minute read 3 comments Biz Wisdom $0.49
There's reason to believe, based on the data, that this time the music really has stopped for good. Please take your seats, it will be a decent recap of all the financial events going on since COVID19. First let's look at the money supply: This cha...
21 Aug 2021 1 minute read 1 comment Biz Wisdom $0.09
Bitcoin rallied this week, initially falling before bouncing around the $44K level to $49K Friday night EST. The past 4 weeks have been a fun ride and rally, but as we approach major resistance around $50K, it begs the question: What if this was just...
5 Aug 2021 2 minute read 0 comments Biz Wisdom $0.33
Now that we have more data and a potentially more accurate wave count, let's revisit an old market cycle price target forecast I made earlier this year/late 2020. (August 3, 2021 8:30PM EST) Long-Term I still hold that we have not yet seen a market...
2 Aug 2021 1 minute read 0 comments Biz Wisdom $0.51
Bitcoin rallied to kick off the week to about $42K before pulling back, closing the weekly candle with a bit of a shooting star. This is a bearish candle but the jury is very much still out. Transitioning from one trend to another is a messy process,...
1 Aug 2021 2 minute read 0 comments Biz Wisdom $0.57
Ethereum rallied again this week, building off of last week's explosive move up and forming another higher high on the weekly chart to print ETH's highest price since mid-June. While it seems like the short-term downtrend from May is all but kaput, E...
30 Jul 2021 1 minute read 0 comments Biz Wisdom $0.24
Bitcoin fell a hair on Thursday, trading right around the $40K level before closing the daily candle just underneath, giving us a quiet sideways Thursday candle. Following the early-week breakout higher, BTC could take a few days or even a couple wee...
27 Jul 2021 2 minute read 0 comments Biz Wisdom $0.06
Bitcoin rallied to kick off the week, exploding above the $40K level before pulling back a bit, ending Tuesday's session around $39K. This is bullish as Bitcoin is now trading back above the 50 Week EMA, giving Bitcoin a technical bullish divergence...
22 Jul 2021 2 minute read 0 comments Biz Wisdom $0.03
Bitcoin rallied on Wednesday, recovering back above the $30K level and nearly reaching $33K before pulling back a bit, closing the daily around $32K. This is bullish short-term as it validated support at $30K, erased the previous 2 days' losses, and...
21 Jul 2021 1 minute read 0 comments Biz Wisdom $0.09
Ethereum sold off last week, breaking below the $2,000 level and closing the weekly candle around $1,800. This week hasn't been much better as ETH continues to follow Bitcoin's lead and drift lower. With the 2017/2018 highs in sight, a drop to the lo...
20 Jul 2021 2 minute read 1 comment Biz Wisdom $0.28
Bitcoin fell a bit last week, getting rejected by the 50 Week EMA and pulling back to around $31K over the weekend. Bitcoin is off to a weak start to this week as it drifts ever-lower to just above $30K. If this doesn't hold, look for a swift drop to...
