Your Daily Support to Break Resistance.
6 Nov 2020 1 minute read 0 comments Biz Wisdom
Bitcoin exploded higher on Thursday, breaking out above the $15,000 level and closing the day near the highs. This is obviously extremely bullish as Bitcoin has defied any means of resistance lately and is rapidly pointing towards the ATHs at $20,000...
6 Nov 2020 1 minute read 0 comments Biz Wisdom
Ethereum rallied again on Thursday, continuing up above the $400 level and reaching towards the October highs around $420. ETH is following every timeframe's uptrend and looks to be following Bitcoin's breakout to new local highs as well. (November...
4 Nov 2020 1 minute read 0 comments Biz Wisdom
Ethereum broke higher Wednesday, reaching above the $400 level and forming a bullish candle to close slightly above the all-important $400 inflection point. This is, of course, a bullish development and a higher low as ETH looks to follow Bitcoin hig...
4 Nov 2020 1 minute read 0 comments Biz Wisdom
Bitcoin rallied a bit on Wednesday, breaking above the $14,000 level and reaching as high as the $14,300 level before pulling back, settling around $14,100. Bitcoin experienced quite a bit of price movement on Wednesday, swinging in a nearly $1,000 r...
4 Nov 2020 2 minute read 0 comments Biz Wisdom
If you've read our price forecasts before, you know we frequently mentioned what happens in equities, commodities, and forex markets, as they are often somewhat relevant to daily price action in Bitcoin and other crypto markets. One of the most signi...
4 Nov 2020 1 minute read 0 comments Biz Wisdom
Ethereum drifted lower on Tuesday, initially pulling back to the 50 Day EMA before bouncing off that level and forming a red hammer. This shows buyers are catching the falling knife as Ethereum approaches an ascending trendline and support area, but...
3 Nov 2020 2 minute read 1 comment Biz Wisdom
Bitcoin rallied a bit on Tuesday, initially pulling back into the low $13,000s before turning around, forming a hammer, and closing around $13,700. This is a bullish daily candle and indicates the trend in Bitcoin may not be ready to reverse just yet...
3 Nov 2020 3 minute read 0 comments Biz Wisdom
We all know the story: 10 years ago, the Bitcoin sphere was nothing but a tiny group of cypherpunks, anarchists, and people who wanted to buy cannabis on the Silk Road. Now, crypto is almost unrecognizable, with major banks, financial institutions, g...
3 Nov 2020 1 minute read 0 comments Biz Wisdom
Ethereum didn't do much on Monday, initially rallying before giving back most of the gains to form somewhat of an inverted hammer, closing at $382. The past week has been nothing but a bearish microtrend, with Ethereum grinding lower toward the 50 Da...
3 Nov 2020 2 minute read 0 comments Biz Wisdom
Bitcoin went back and forth on Monday to kick off the week, swinging wildly in both directions before settling just under yesterday's close to form a decently-sized doji candle. This usually indicates a neutral market direction and often indicates th...
