Your Daily Support to Break Resistance.
5 Oct 2020 2 minute read 0 comments Biz Wisdom
Bitcoin rallied on Monday to start the week, bouncing off the $10,500 level as support and closed slightly above the 50 Day EMA around $10,700. This is a slightly bullish development but with a heavy grain of salt, as Bitcoin is still trading well wi...
5 Oct 2020 3 minute read 0 comments Biz Wisdom
Ethereum oscillated in a tight range during the week ending September 27th, falling a bit to about the $350 level which it has been testing support. This is a bearish price setup, no doubt about it, but looks to me like ETH is digesting its gains fro...
5 Oct 2020 3 minute read 0 comments Biz Wisdom
Bitcoin fell again last week, bouncing back and forth in its tight $1,000 range before ultimately receding $500. Bitcoin has maintained its price level above the $10,000 level for over 2 months now, although recent weeks has seen a downward-sloping s...
2 Oct 2020 1 minute read 0 comments Biz Wisdom
Bitcoin was volatile today as we predicted, swinging higher and lower covering almost $1,000 in either direction before closing the day in the red. It's worth noting that Bitcoin also closed the day below the 50 Day EMA, eliminating that as potential...
1 Oct 2020 1 minute read 0 comments Biz Wisdom
Bitcoin drifted a little lower on Wednesday, initially rallying before giving back the gains to close right at the 50 Day EMA. Two negative candles in a row is generally not a good sign, but I think this is more Bitcoin is showing us that it is still...
30 Sep 2020 2 minute read 0 comments Biz Wisdom
Bitcoin pulled back on Tuesday, initially falling to the 50 Day EMA where it found support, eventually closing in the red near the $10,850 level. This is not terribly bearish, as Bitcoin is showing us that it is still rangebound in this $1,000 range...
29 Sep 2020 1 minute read 2 comments Biz Wisdom
Bitcoin rallied on Monday to start off the week, breaking above the 50 Day EMA after initially falling, and eventually closing near the $11,000 level at the top of the recent channel. This is a bullish development in the short-term, and depending on...
28 Sep 2020 2 minute read 0 comments Biz Wisdom
Ethereum initially fell during the week ending September 27th, reaching down towards the $360 level before finding support, rallying over $400, and eventually settling around $390 on the week. This is a slightly bearish price setup, but is only natur...
28 Sep 2020 2 minute read 1 comment Biz Wisdom
Bitcoin fell last week, dropping about $1,000 before bouncing off the $10,000 level and settling slightly lower on the week at about $10,750. This looks like buyers stepping in to catch a knife, as this is not a very bullish looking price setup, indi...
26 Sep 2020 1 minute read 0 comments Biz Wisdom
Bitcoin rallied again a bit on Friday, crossing above the 50 Day EMA after initially falling a bit during the session to finish the day in the green. (September 26, 2020 8:30 PM EST) Support: $10,000 continues to be strong support, which is a signif...
