Your Daily Support to Break Resistance.
10 Jan 2021 1 minute read 0 comments Biz Wisdom
As a follow-up to my previous analysis of Bitcoin's relationship to the US Dollar, I decided to take a look at a longer-term trading horizon and look at the covariance as it relates to the US Dollar Index (DXY). Long-Term BTC vs US Dollar As mentio...
9 Jan 2021 1 minute read 0 comments Biz Wisdom
Ethereum fell on Friday, initially dropping below the $1,100 level before turning around and recovering back to around $1,200 where the daily candle settled. This is a bearish candle and to me indicates that sentiment is starting to flip from "buy th...
9 Jan 2021 2 minute read 0 comments Biz Wisdom
Bitcoin had a wild day on Friday, swinging up to a new ATH around $42K and dropping down to the $36K level before bouncing to close the week slightly positive around $40K. This is a large Doji candle with long legs on both sides, indicating a lot of...
8 Jan 2021 2 minute read 0 comments Biz Wisdom
Ethereum rallied again on Thursday, initially pulling back a hair before promptly turning around and moving to a new local high, reaching the $1,300 level. This is a bullish candle that displays Ethereum's volatility throughout the day, trading in mo...
8 Jan 2021 3 minute read 0 comments Biz Wisdom
Today was a momentous day for Bitcoin as King Corn surged higher again, rallying over $4,000 and breaching the $40,000 level for the first time to print a significant new ATH. After reaching $40K, Bitcoin quickly pulled back in the face of resistance...
7 Jan 2021 2 minute read 1 comment Biz Wisdom
Ethereum continued its breakout on Wednesday, breaking above Monday's high and reaching up above the $1,200 level, printing a new local and multi-year high, closing the daily candle just under $1,200. Given ETH's monster late weekend breakout, the se...
7 Jan 2021 2 minute read 0 comments Biz Wisdom
Bitcoin rallied on Wednesday, pushing up above the $36K level to print a new ATH before settling the daily candle near the highs. Bitcoin's exuberant at this point as we haven't seen a notable red candle since November 2020. At some point Bitcoin wil...
6 Jan 2021 2 minute read 0 comments Biz Wisdom
Ethereum rallied again on Tuesday, initially falling below $1,000 early during the trading session before recovering wonderfully, reaching as up to the $1,150 level before closing the daily candle just below $1,100. This is a bullish continuation as...
6 Jan 2021 1 minute read 0 comments Biz Wisdom
Another green day for Bitcoin as King Corn pulled back early before recovering toute de suite, bouncing cleanly off the $30K level and rallying almost to yesterday's high, closing Tuesday's daily candle around the $34K mark. This is another large bul...
5 Jan 2021 1 minute read 0 comments Biz Wisdom
Outlook: Litecoin rallied again during the week ending January 3rd, moving up $10-15 before pulling back, giving back most of the gains to form a bearish looking inverted hammer. However, the tides turned at the tail end of this weekend as Bitcoin an...
