Your Daily Support to Break Resistance.
21 Oct 2020 1 minute read 2 comments Biz Wisdom
Bitcoin rallied again on Tuesday, riding yesterday's momentum up to the $12,000 level before finding resistance. This area as been resistive in the past and may cause some turbulence in the near-term, but eventually we are going higher. (October 20,...
20 Oct 2020 1 minute read 0 comments Biz Wisdom
Ethereum rallied on Monday, kicking off the week by completely recovering Friday's losses, ending the trading day around Friday's high at $378. This is a typical sign that dips are being bought and higher highs are to be expected, too. (October 19,...
20 Oct 2020 1 minute read 1 comment Biz Wisdom
Bitcoin rallied sharply on Monday, kicking off the week with a bang, surging about $400 to end the day over $11,700. This is a bullish engulfing candle and, among many other variables, suggests Bitcoin is ready to move higher. (October 19, 2020 8:00...
19 Oct 2020 2 minute read 1 comment Biz Wisdom
Ethereum drifted higher a bit during the week ending October 18th, inching towards the $375 level. As long as Ethereum maintains its uptrend and holds critical support levels, it leaves the door open for a much higher wave pattern (pictured below). ...
19 Oct 2020 1 minute read 0 comments Biz Wisdom
Bitcoin rallied a bit during the week ending October 25th, grinding a little higher to close the week around the $11,400 level. This looks to me like Bitcoin's ready to move higher and attempt the $12,000 level. (October 18, 2020 8:30 PM EST) Suppo...
18 Oct 2020 4 minute read 1 comment Biz Wisdom
Ray Dalio follows Paul Tudor Jones in adding Bitcoin to his portfolio Institutions are coming. Paul Tudor Jones, an iconic Wall Street investor with tens of billions of dollars AUM, announced earlier this year his foray into crypto, allocating as muc...
17 Oct 2020 2 minute read 0 comments Biz Wisdom
Ethereum pulled back on Friday along with Bitcoin, shedding about $20 and drifting towards the $350 level. This comes as traditional markets sold off into the NY close, with equities, gold, and Bitcoin selling off, and the DXY rising. Selling off int...
17 Oct 2020 1 minute read 0 comments Biz Wisdom
Bitcoin fell on Friday, initially testing the $11,500 level before selling off to end the day in a pretty bearish candle. That's not to say this means the short-term uptrend is dead and in the grave, but this shows it would be prudent to monitor supp...
16 Oct 2020 1 minute read 0 comments Biz Wisdom
Bitcoin rallied again on Thursday, breaking above yesterday's low and reaching back above the $11,500 level, closing the day at the high. This is a bullish setup for Bitcoin, as the previous two red days were probably just short-term traders' profit-...
16 Oct 2020 2 minute read 0 comments Biz Wisdom
Ethereum initially pulled back a bit on Thursday, but bounced and finished the day slightly green, settling around $380. If this is any indication of buyers taking advantage of dips, then Ethereum might be ready to overcome the $400 level. (October 1...
