Your Daily Support to Break Resistance.
7 Dec 2020 1 minute read 0 comments Biz Wisdom
Ethereum rallied during the week ending December 6th, resurfacing above the $600 level to put in a new local high before retreating a bit but closing the week in the green. Ethereum continues its uptrend on the weekly chart as shown below, finding re...
7 Dec 2020 1 minute read 0 comments Biz Wisdom
Outlook: Bitcoin rallied during the week ending December 6th, this time rallying up to a marginal new ATH before getting rejected by the $20,000 level, ultimately settling the weekly candle slightly lower at just above $19,000. This is a bullish cand...
6 Dec 2020 1 minute read 0 comments Biz Wisdom
(December 5th, 2020, 7:00PM EST) Ethereum had a very bullish month of November, nearly doubling in price as Ethereum went from below $400 to north of $600, forming a very bullish candle on the monthly chart. This forms a markedly higher high on Ether...
5 Dec 2020 2 minute read 0 comments Biz Wisdom
Outlook: Ethereum fell alongside Bitcoin today, breaking down through the $600 level yet again to close the day and week with a bearish candle. Typically a bearish close into the weekend has negative implications for Monday morning, but that was disp...
5 Dec 2020 2 minute read 0 comments Biz Wisdom
Outlook: Bitcoin fell on Friday, dropping below the $19,000 level and eventually closing the daily candle under $18,800 to end the week. This is not a great look for Bitcoin, although there are multiple indicators pointing to a near-term pullback in...
4 Dec 2020 2 minute read 0 comments Biz Wisdom
Outlook: Ethereum rallied a bit on Thursday, initially pulling back a bit before breaking back above the $600 level, closing the daily candle near the highs around $615. This is bullish as ETH is approaching the local/yearly high around $625. Frankl...
4 Dec 2020 2 minute read 0 comments Biz Wisdom
Active Bitcoin addresses are on the rise, reaching the same level last seen in December 2017 during Bitcoin's peak to its ATH just under $20,000. As you can see in the chart below, active Bitcoin addresses have matched the same level of activity arou...
4 Dec 2020 2 minute read 0 comments Biz Wisdom
Outlook: Bitcoin rallied slightly on Thursday, grinding higher as Bitcoin resiliently holds onto its ATH zone, now only a few hundred dollars below its marginal new ATH. BTC is a bit overextended up here, but that doesn't mean it has to fall immediat...
3 Dec 2020 1 minute read 0 comments Biz Wisdom
Outlook: Ethereum had a quiet Wednesday, dropping a bit initially before turning around, settling just below the $600 level to put in a slightly bullish hammer. Like Bitcoin, Ethereum seems to be in a bit of a topping pattern after a recent impulsive...
3 Dec 2020 2 minute read 0 comments Biz Wisdom
Outlook: Bitcoin rallied slightly on Wednesday, initially pulling back before turning around to form a hammer and rallying to just above the $19,000 level, eeking out a barely positive day. In this context, coming after an impulsive, parabolic rally...
