Your Daily Support to Break Resistance.
27 Nov 2020 2 minute read 0 comments Biz Wisdom
Bitcoin sold off on Thursday, dropping hard from $19,000 level down to as low as the $16,000 level before finding support, bouncing up to about the $17,000 level by the close of the daily candle. This is, of course, an extremely bearish candle, pukin...
26 Nov 2020 1 minute read 0 comments Biz Wisdom
Ethereum fell on Wednesday, falling below the $600 level and dropping $50 or 8% on the day. This is a bearish candle and setup that leads me to believe a retracement is due and ETH will be heading back down to put in a higher low. (November 25, 2020...
26 Nov 2020 2 minute read 1 comment Biz Wisdom
Bitcoin pulled back a bit on Wednesday, initially rallying before the sellers took over, printing a new high but closing the day in the red. Bitcoin put in a marginal new high but quickly turned around, forming an ugly inverted hammer, which usually...
25 Nov 2020 1 minute read 0 comments Biz Wisdom
Ethereum had a quiet day on Tuesday, splashing up a bit before turning around, closing the daily candle slightly red just above the $600 level. Ethereum is a hair overbought and recently broke above the top of the ascending channel last Friday, so a...
25 Nov 2020 2 minute read 0 comments Biz Wisdom
Bitcoin rose a bit on Tuesday, printing a new high around $19,500 before ultimately closing the day around the $19,000 level. Bitcoin continues to grind higher, working its way toward the previous ATH at $20,000, which is where its reaction will tell...
25 Nov 2020 1 minute read 0 comments Biz Wisdom
Bitcoin has been known for having explosive bull markets that provide outsized gains exponentially higher than traditional stock market indices. As you can see in the below 5-year chart, the S&P 500, Dow Jones Industrial Average, and NASDAQ all bar...
24 Nov 2020 2 minute read 0 comments Biz Wisdom
Ethereum exploded to the upside on Monday, breaking above the $550 level and then the $600 level, settling the daily candle just above around $608. This is extremely bullish and precisely the type of candle we've been anticipating for a few weeks now...
24 Nov 2020 2 minute read 0 comments Biz Wisdom
Bitcoin kicked off the week with a bit of a rocky start, initially rallying to a new around $19,000 before pulling back, dropping nearly $1,500 before turning around, eventually closing the daily candle slightly in the red around $18,300. This is a b...
24 Nov 2020 1 minute read 0 comments Biz Wisdom
I picked a few handful of the most popular large-cap tokens to compare them against one another and analyze each token's performance over time, both over a five-year horizon and in Year-To-Date in 2020. Below is what I found: Long Term (2016-Present)...
23 Nov 2020 2 minute read 0 comments Biz Wisdom
Ethereum broke to the upside during the week ending November 22nd, blasting past the $500 level and reaching up above $550, closing the week near the highs. ETH has started to follow Bitcoin's upside momentum, solidifying ETH's bull market thesis, an...
