Your Daily Support to Break Resistance.
4 Mar 2021 2 minute read 0 comments Biz Wisdom
Ethereum rallied on Wednesday, rising up to the 38.2% fib retracement at $1,656 on the Amazon Workspace news before giving back a bit of the gains and closing the daily candle around $1,600. This is a very bullish candle as ETH puts in a higher high...
3 Mar 2021 1 minute read 0 comments Biz Wisdom
Bitcoin tried to rally on Tuesday, reaching up above the $50K briefly before pulling back, eventually closing the daily candle at support around $47K. This is an interesting candle because it shows a failed breakout and a higher low, indicating senti...
3 Mar 2021 2 minute read 0 comments Biz Wisdom
Ethereum tried to rally but fell a bit on Tuesday, initially rallying up to the $1,600 level before getting rejected, closing the daily candle around the 50% Fibonacci retracement at $1,540. This isn't a terrible candle as it looks like ETH is trying...
2 Mar 2021 1 minute read 1 comment Biz Wisdom
Bitcoin rallied on Monday to kick off the week, starting low before surging higher to nearly the $50K level before closing the daily candle just underneath. This is a very bullish candle as it appears Bitcoin has not only found support but is exhibit...
2 Mar 2021 3 minute read 0 comments Biz Wisdom
Oversold. Ethereum is nearly at an oversold level on the daily RSI, its lowest level since September 2020 during the crypto market's compression following a rampant post-halving summer rally. Given that we are in a bull market, a deep RSI retracement...
1 Mar 2021 2 minute read 0 comments Biz Wisdom
Ethereum fell hard last week, dropping about 30% from above the $2,000 level to under $1,400 level, giving back most of the last 3 weeks' worth of gains. This is obviously a bearish candle as ETH pulled back significantly, however finding support at...
1 Mar 2021 1 minute read 0 comments Biz Wisdom
Bitcoin fell hard last week, dropping from near the highs around $60K to now around $45K, giving back all of the previous week's gains and more. This is a bearish candle, but Bitcoin is in a bull market and drops like these are to be expected. We'll...
26 Feb 2021 2 minute read 0 comments Biz Wisdom
Ethereum pulled back a bit on Thursday, initially rallying above $1,650 before pulling back, giving back the gains and closing the daily candle lower around $1,525. This is a bearish-looking candle and looks to me like ETH is going to retest support...
26 Feb 2021 1 minute read 0 comments Biz Wisdom
Bitcoin fell again on Thursday, rallying earlier in the day again before the sellers regained control, giving back the gains and finishing the daily candle in the red down to just under the $48K level. This is a bearish candle as Bitcoin hasn't been...
25 Feb 2021 2 minute read 0 comments Biz Wisdom
Ethereum recovered a bit on Wednesday, rallying earlier in the day to over $1,700 before pulling back, closing the daily candle just north of $1,600. This is an inverted hammer and indicates the sellers are selling into rallies, short-term bearish fo...
