Your Daily Support to Break Resistance.
15 Oct 2020 1 minute read 0 comments Biz Wisdom
Bitcoin pulled back again on Wednesday, bouncing around in a $100 or so range before eventually settling slightly lower on the day around $11,400. If Bitcoin can find support, it should continue upward; if it falls below the $11,000 level, this move...
14 Oct 2020 2 minute read 0 comments Biz Wisdom
Ethereum pulled back a bit on Tuesday, pausing its fourth consecutive bullish candle streak. This makes sense as Bitcoin fell on winds of the US Dollar rallying and Gold getting crushed. At this point Ethereum is well within its longer term ascending...
14 Oct 2020 1 minute read 0 comments Biz Wisdom
Bitcoin pulled back on Tuesday, reaching as high as $11,730 before the sellers stepped in, closing the day around $11,400. This could be short-term profit-taking, negative covariance to the US Dollar's breakout today, or positive covariance to gold a...
13 Oct 2020 2 minute read 1 comment Biz Wisdom
Monero (XMR) rallied during the week ending October 11th, impulsively breaking above the $100 level and rallying up to the $120 level into the week's close. You can see that Monero has also started off this new week with a bang, rallying up over the...
13 Oct 2020 1 minute read 1 comment Biz Wisdom
Bitcoin rallied on Monday, ending the day on a very bullish note. This weekend also saw bullish price movement in Bitcoin markets, but you always have to take weekend price movement with a grain of salt as trading markets typically have low volume an...
13 Oct 2020 2 minute read 1 comment Biz Wisdom
Ethereum rallied during the week ending October 11th, initially pulling back before rallying above the $350 level, finishing the week in the green with a bit of a bullish hammer. This shows support around the $350 level and just under, and possibly e...
12 Oct 2020 2 minute read 0 comments Biz Wisdom
Bitcoin rallied during the week ending October 11th, grinding higher during the week before making a weekend leap above the $11,000 level. This is a bullish development for sure, as this points to a bullish resolution of the 2+ month long triangle co...
8 Oct 2020 1 minute read 0 comments Biz Wisdom
Bitcoin rallied on Thursday, breaking above the 50 Day EMA level AND the descending trendline, closing the day just under $11,000. This is a good sign to say the least, and would be punctuated with another positive candle tomorrow going into the long...
8 Oct 2020 1 minute read 0 comments Biz Wisdom
Bitcoin rallied a bit on Wednesday, recovering about half of yesterday's drop, but otherwise having a quiet day. We're about at the end of this tightening triangle that's been consolidating for over 2 months now; These things usually result in a big...
7 Oct 2020 1 minute read 0 comments Biz Wisdom
Bitcoin dropped on Tuesday, giving back nearly all of yesterday's gains. Bitcoin was having an uneventful day until the 10 year rates dropped like a rock Tuesday afternoon, sending equities, gold, and Bitcoin down into the close. Depending what happe...
