Your Daily Support to Break Resistance.
22 Jan 2021 2 minute read 2 comments Biz Wisdom
Bitcoin sold off on Thursday, dropping nearly $5K as Bitcoin has officially broken down from a tightening wedge, closing the trading session just north of $30K. This is a bearish candle as Bitcoin has now retraced over 25% of its ATH of ~$42K in what...
21 Jan 2021 1 minute read 0 comments Biz Wisdom
Ethereum fell on Wednesday, dropping down to under the $1,250 level before bouncing up above the $1,300 and closing the daily candle thereabouts. This is a bearish candle as ETH sold off a bit as ETH continues to fight resistance near the ATH. (Janu...
21 Jan 2021 1 minute read 0 comments Biz Wisdom
Bitcoin fell on Wednesday, dropping down to the $34K level before turning around and recovering to about the $35K at the close. This is a bearish candle and leads me to believe that this tightening wedge on the Bitcoin daily chart may break out to th...
20 Jan 2021 2 minute read 0 comments Biz Wisdom
Ethereum catapulted higher on Tuesday, exploding higher overnight to reach up to the previous price ATH and officially grazing a new single-asset price ATH at $1,440. This is of course bullish as ETH has broken out not only to the upside but also up...
20 Jan 2021 2 minute read 0 comments Biz Wisdom
Bitcoin was flat on Tuesday, initially rallying before pulling back and giving back nearly all of the gains to close the daily candle virtually flat. This is a pretty neutral candle as you could make an argument for either bulls or bears but if you l...
19 Jan 2021 2 minute read 1 comment Biz Wisdom
Ethereum rallied a bit on Monday to start off the week, rallying up to the $1,300 before getting rejected and closing the daily candle around $1,250 for a green candle. Monday was a federal holiday in the US, Martin Luther King Jr. Day, so markets we...
18 Jan 2021 2 minute read 2 comments Biz Wisdom
Ethereum sold off during the week ending January 17th, initially dropping below the $900 level before recovering back above $1,000, closing the week in the red just under $1,200. This is a massive Doji candle with a bearish tilt as ETH shed almost 40...
17 Jan 2021 3 minute read 0 comments Biz Wisdom
Bitcoin fell during the week ending January 17th, falling over $10K to the $30K level before finding support and bouncing up before closing the weekly candle around $36K. This is a bearish candle for Bitcoin as it appears BTC has put in a local top f...
16 Jan 2021 2 minute read 0 comments Biz Wisdom
Ethereum had a wild Friday, trading in a nearly $200 range dipping below $1,100 and reaching above $1,250 to form a bearish Doji candle. The long wicks indicate volatility on both sides as buyers and sellers clash over uncertainty and short-term vs l...
16 Jan 2021 2 minute read 0 comments Biz Wisdom
Bitcoin fell on Friday, initially retesting the $40K level before turning around and dropping over 10% to under the $35K level before eventually settling around $36K. This is a bearish development as a bearish engulfing candle validates our primary d...
