Your Daily Support to Break Resistance.
16 Nov 2020 2 minute read 1 comment Biz Wisdom
Ethereum broke out again during the week ending November 15th, initially pulling back a bit before finding support and reaching higher, closing the week near the highs around $475. Ethereum is in an ascending channel and by all measures appears to be...
16 Nov 2020 3 minute read 0 comments Biz Wisdom
Bitcoin grinded higher during the week ending November 15th, initially falling before finding support above the $14,000 level and rallying to a new yearly high, closing the weekly candle north of $16,000. Bitcoin is starting to look extended and star...
15 Nov 2020 3 minute read 2 comments Biz Wisdom
Bitcoin is the largest-cap crypto, but is it the best performing? While it may a 'safer' bet than other crypto assets, how does it compare to Ethereum, who has been embedded as the #2 crypto for half a decade now? And though I prognosticate and agree...
14 Nov 2020 1 minute read 0 comments Biz Wisdom
Ethereum rallied a bit on Friday, erasing yesterday's losses and closing the daily candle near the highs north of $475. This is a bullish candle and shows Ethereum's move up is probably alive and well. (November 13, 2020 8:30 PM EST) Outlook: Ether...
14 Nov 2020 1 minute read 0 comments Biz Wisdom
Bitcoin went back and forth on Friday, initially falling to the $16,000 level before bouncing up to $16,500 before finally pulling back to finish the day almost flat. This pattern is starting to look a little exhausted, and given the face-melting ral...
13 Nov 2020 1 minute read 0 comments Biz Wisdom
Ethereum pulled back on Thursday, initially pulling back before recovering a bit, eventually giving up about half of yesterday's gains. This is not even a particularly bearish candle as ETH had just printed six consecutive bullish candles, and the re...
13 Nov 2020 1 minute read 1 comment Biz Wisdom
Bitcoin rallied on Thursday, initially pulling back before breaking above the $16,000 level. Bitcoin continues to fend off the sellers and rise to new highs, despite Bitcoin being officially "overbought" for a few days now. (November 12, 2020 9:30 P...
13 Nov 2020 2 minute read 1 comment Biz Wisdom
Basic Attention Token (BAT/BTC) continues to drift lower against Bitcoin, having broken down in October below a long-term support level and setting new a new multi-year low. The BAT/BTC chart is extremely bearish, and while BAT holders' bags are the...
13 Nov 2020 1 minute read 1 comment Biz Wisdom
ChainLink pulled back again on Thursday, following through its rejection of the 50 Day EMA above and drifting down towards the 200 Day EMA around 0.000726. Link is in a defined downtrend and looks like it's headed for more pain ahead. (November 12, 2...
12 Nov 2020 1 minute read 1 comment Biz Wisdom
Ethereum broke out on Wednesday, breaking above the $450 level and reaching up to the $475 level before pulling back a bit, closing the day well above $450. This is a bullish breakout, of course, piercing a key resistance level and closing above it o...
