Your Daily Support to Break Resistance.
14 Dec 2020 2 minute read 0 comments Biz Wisdom
Outlook: Bitcoin rallied during the week ending December 13th, initially falling to just below the $18,000 level before finding support over the weekend, rising back above the $19,000 level during low-volume weekend hours to finish the week on a posi...
12 Dec 2020 1 minute read 0 comments Biz Wisdom
Bitcoin fell again on Friday, closing lower for the fourth consecutive trading session to end the week on a nasty bear streak. Bitcoin has drifted lower during the week, surrendering about $1,000 as it caved through $19,000 and is now flirting with e...
12 Dec 2020 1 minute read 0 comments Biz Wisdom
Ethereum drifted lower again on Friday, falling below the $550 level again during the day before turning around, settling the day at about the $550 level. This is, of course, a bearish close to a bearish week. I don't think $550 is particularly suppo...
11 Dec 2020 2 minute read 0 comments Biz Wisdom
Bitcoin fell again for the third consecutive day, initially falling below the $18,000 level before recovering just above to end the day down another couple hundred of dollars. This week has been nothing but bearish price action as Bitcoin initiates a...
11 Dec 2020 2 minute read 0 comments Biz Wisdom
Ethereum pulled back a bit on Thursday, reaching down to the $550 level before finding a bit of support, closing the day around $565. Ethereum continues to drift lower in what seems like more of a muted consolidation than anything, especially vs Bitc...
10 Dec 2020 1 minute read 0 comments Biz Wisdom
Bitcoin pulled back again on Wednesday, initially falling to nearly the $17,500 level before turning around, recovering to just below the $18,500 level. This is, of course, a short-term bearish development, with a lower low, bearish intraday price ac...
9 Dec 2020 1 minute read 0 comments Biz Wisdom
Bitcoin pulled back a bit on Tuesday, initially reaching above $19,000 before falling below the level, closing the day on a negative note. Afterhours, it's not pictured below but Bitcoin has continued selling off, falling to roughly $18,300 at the ti...
9 Dec 2020 2 minute read 0 comments Biz Wisdom
Ethereum fell on Tuesday, sliding further below the $600 level and closing the day on a bearish note, settling the daily candle near $550. This is bearish of course, as after-hours Ethereum has so far dipped under $550 once. I suspect there is more d...
8 Dec 2020 1 minute read 2 comments Biz Wisdom
Ethereum rallied slightly on Monday, going back and forth during the trading session between $560 and $610, settling the day slightly positive with a bit of a Doji candle. This to me looks slightly bearish as Ethereum is struggling with resistance ar...
8 Dec 2020 2 minute read 0 comments Biz Wisdom
Outlook: Bitcoin rallied a bit on Monday, finding a bit of support to start off the week after a bearish close into the weekend last week. There was a bit of back and forth with Bitcoin rallying as high as $19,500 and falling as low as $18,500, essen...
