Your Daily Support to Break Resistance.
16 Jul 2021 1 minute read 0 comments Biz Wisdom
Bitcoin fell on Thursday, giving back all of yesterday's gains and then some, closing the daily candle below $32K. This is an ominous looking chart and Bitcoin looks ready to fall off a cliff if it breaks below $30K. (July 15, 2021 8:30PM EST) Sho...
14 Jul 2021 1 minute read 1 comment Biz Wisdom
Bitcoin rallied a bit on Wednesday, rising to about the $33K level before the closing the daily candle near the highs. This is a bullish hammer, albeit a small one, so I'm far from convinced that the short-term trend has switched to bullish. (July...
14 Jul 2021 1 minute read 1 comment Biz Wisdom
Bitcoin pulled back to start the week, getting rejected by the 50 Week EMA and falling to about $32K on Tuesday. Bitcoin has been forming a bit of a sideways consolidation pattern for the past 2+ months, and based on this week's bearish start, it loo...
10 Jul 2021 1 minute read 0 comments Biz Wisdom
Bitcoin rallied a bit on Friday, rising to about $34K as we head into the weekend. For the past 2 months rallies such as today have been short-lived and provided more opportunities to fade the rally than anything. In the short-term, it looks like Bit...
9 Jul 2021 1 minute read 0 comments Biz Wisdom
We pulled back again as the 200 Day EMA has offered resistance. $30K is support and if BTC can break below, we could see a drop to $20K. $20K was the breakout point in the previous 2020-2021 impulsive wave up. Market memory would likely come into pla...
8 Jul 2021 1 minute read 1 comment Biz Wisdom
Bitcoin rallied a bit on Wednesday, pushing up to $35K before giving back some of the gains, posting the third consecutive green daily candle this week. Bitcoin is bubbling back up towards the 200 Day EMA but still remains both the 200 Day EMA and 50...
2 Jul 2021 1 minute read 0 comments Biz Wisdom
Bitcoin pulled back again on Thursday, slipping below the $35K level and closing the daily candle around $33.6K. This is bearish short-term as it looks like Bitcoin is going to retest support at $30K again. (July 1, 2021 9:30PM EST) Short-Term: B...
1 Jul 2021 1 minute read 0 comments Biz Wisdom
Bitcoin fell a bit on Wednesday, getting rejected by the 200 Week EMA around $36.6K and giving back most of yesterday's gains to fall to just under $35K. Getting rejected is not bullish, but repeatedly attempting and even briefly breaking above a res...
29 Jun 2021 1 minute read 1 comment Biz Wisdom
Ethereum has started off the week in the green, bouncing off the short-term bottom around $1,730 and rallying above the $2,000 level, closing the Monday trading session north of $2,100. This is a good turnaround and bounce off of support, but it's ea...
28 Jun 2021 1 minute read 0 comments Biz Wisdom
Bitcoin rallied last week, initially falling to retest the $30K level before finding support and closing the weekly right above the 20 Week EMA. This is bullish for Bitcoin as support continues to hold and Bitcoin continues to test the 50 Week EMA. B...
