Your Daily Support to Break Resistance.
25 Jun 2021 1 minute read 0 comments Biz Wisdom
Ethereum recovered a bit on Thursday, rallying to about the $2,000 level. ETH found support and bounced at the 200 Day EMA around $1,723 on Monday, giving us a bit of a relief rally since then. If ETH breaks below the 200 Day EMA, then ETH see anothe...
23 Jun 2021 2 minute read 2 comments Biz Wisdom
Bitcoin dropped again to start off the week, slipping briefly under the $30K level to ~$28,700 before the buyers stepped in, bouncing BTC back to ~$33K near the end of the Tuesday session. While the lower low is not bullish, the response was, showing...
22 Jun 2021 1 minute read 0 comments Biz Wisdom
So we know crypto has outperformed TradFi by a wide margin since the COVID crash in March 2020. But which crypto has performed the best since then? #1 may come as a surprise but benefited from a monster run up in 2021 before falling back to earth sin...
22 Jun 2021 1 minute read 0 comments Biz Wisdom
Since markets bottomed around March 18, 2020 during peak COVID fear, assets have gone on an absolute tear. Which asset has performed the best since then? Top performing assets since COVID selloff: 1. Ethereum +1,417% No surprise as alts tend to ou...
21 Jun 2021 1 minute read 5 comments Biz Wisdom
Monero rallied a bit this past week, rallying slightly in satoshis to about the 0.007 level. More impressively is how XMR has parried much of the May selloff in which BTC as well as alts have bled ~50% or more, whereas XMR has recovered most of the l...
20 Jun 2021 1 minute read 3 comments Biz Wisdom
In a follow-up to a similar previous post, I thought it was time to analyze which asset is performing the best so far in 2021. I compared Bitcoin as the sole crypto against the S&P, Dow Jones, NASDAQ, Gold, and Silver. The results are below: As you c...
20 Jun 2021 1 minute read 3 comments Biz Wisdom
Basic Attention Token (BAT/BTC) has struggled of late, falling below the 50 and 200 Week EMAs and the 0.00002 BAT/BTC level to about 0.0000166. This is a bearish divergence, at least in the short-term, however if BAT can find support around these lev...
19 Jun 2021 1 minute read 0 comments Biz Wisdom
ChainLink has continued its pullback, getting rejected from the 200 Week EMA earlier this week before drifting lower to under 0.0006 LINK/BTC. This is a bearish short-term pattern, of course. However, when you zoom out, this appears to be a significa...
18 Jun 2021 1 minute read 1 comment Biz Wisdom
Bitcoin slid a bit further on Thursday, starting the day off around $39K before pulling back to about $37.5K. Bitcoin appears to be correcting a bit after rallying to a short-term higher high, so we'll be watching to see what BTC does at the 200 Day...
17 Jun 2021 1 minute read 0 comments Biz Wisdom
Bitcoin fell a bit on Wednesday, dropping about $1,000 in response to the dovish FOMC minutes alongside TradFi markets which also dropped ~1%. This is minor inconsequential noise for Bitcoin as we flirt with a short-term higher to further complete a...
