Your Daily Support to Break Resistance.
25 Feb 2021 1 minute read 3 comments Biz Wisdom
Bitcoin rallied slightly on Wednesday, initially rallying before giving back most of the gains, ultimately closing the daily candle with an inverted hammer. This is not a great look but we could really go either way at this point; my medium-long-term...
24 Feb 2021 2 minute read 0 comments Biz Wisdom
Ethereum sold off again on Tuesday, dropping like a rock right from the open to fall from $1,800 all the way down to under $1,400 before finding some semblance of support, eventually closing the daily candle just north of $1,500. This is a strongly b...
24 Feb 2021 2 minute read 0 comments Biz Wisdom
Bitcoin sold off aggressively on Tuesday, crashing below the $50K level, and even reaching down to the $45K level before finding a bit of support, finishing the trading session around the $48K level. This is a firmly bearish candle as Bitcoin sliced...
23 Feb 2021 2 minute read 0 comments Biz Wisdom
Ethereum sold off on Monday, dipping as low as $1,500 before finding support near the 200 Day EMA, immediately bouncing higher and closing above the 50 Day EMA just under $1,800. This is a bearish candle but ETH managed to bounce at a critical suppor...
23 Feb 2021 2 minute read 1 comment Biz Wisdom
Bitcoin sold off on Monday, dropping sharply early in the trading session to under the $48K level before promptly finding support at the 50 Day EMA and bouncing higher, closing the daily candle just above $54K. This is a bearish candle, but despite i...
22 Feb 2021 2 minute read 1 comment Biz Wisdom
Bitcoin broke out higher last week, initially falling a bit before finding support and smashing through the $50K level and rallying up to about $58K by the close of the weekly candle, officially claiming the all-important $1 trillion market cap level...
22 Feb 2021 2 minute read 0 comments Biz Wisdom
Ethereum rallied again last week, finding support earlier in the week and reaching over the $2,000 mark later in the week before pulling back a bit over the week, closing the weekly candle just under $2,000 around $1,935. This is a bullish candle as...
21 Feb 2021 2 minute read 0 comments Biz Wisdom
ZRX pulled back during the week, giving back a decent amount of gains as ZRX retraces lower to digest the gains of the early February rally that sent ZRX from around $0.60 to over $2.00. From here ZRX should look to find support soon and then rally f...
20 Feb 2021 1 minute read 0 comments Biz Wisdom
Bitcoin broke out higher again on Friday, cresting the $55K level and officially reaching a $1 Trillion market cap for the first time in Bitcoin's history. This is obviously a bullish engulfing candle as Bitcoin continues to new highs amid a myriad o...
19 Feb 2021 1 minute read 0 comments Biz Wisdom
Bitcoin pulled back a bit during the Thursday session, posting a rather unenthusiastic day as Bitcoin drifted lower to about the $51.5K level before closing the daily candle slightly negative today. This is hardly bearish as Bitcoin digests the recen...
