Your Daily Support to Break Resistance.
10 May 2022 3 minute read 3 comments Biz Wisdom
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
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
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
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
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
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
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
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
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
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...
