Your Daily Support to Break Resistance.
25 Sep 2020 1 minute read 0 comments Biz Wisdom
Bitcoin rallied on Thursday, bouncing off the low $10,000 level after following equities' downturn of late before running into resistance at the 50 Day EMA. (September 24, 2020 8:30 PM EST) Support: Support at $10,000 cannot be understated, which i...
23 Sep 2020 1 minute read 0 comments Biz Wisdom
Bitcoin sold off again on Wednesday, breaking through the $10,500 level and drifting lower towards $10,000, closing at around ~$10,100. Volatility is back; investors are exiting positions in all markets and raising cash. Bitcoin is no exception.0 (Se...
23 Sep 2020 1 minute read 0 comments Biz Wisdom
Bitcoin was quiet Tuesday, initially falling beneath the $10,500 level before catching a bid and recovering above $10,500 to form a small hammer and end the day positive. (September 22, 2020 8:30 PM EST) Resistance: In the short-term, resistance is...
22 Sep 2020 1 minute read 0 comments Biz Wisdom
Bitcoin dropped Monday, getting rejected by the $11,000 level and reached down towards the $10,000 level before finding support around $10,500. This likely was correlated to the equities AND gold markets both selling off multiple percentage points du...
20 Sep 2020 2 minute read 0 comments Biz Wisdom
Bitcoin initially rallied last week, eclipsing the $11,100 level before turning around to form an inverted hammer, closing around $10,900. Bitcoin retesting resistance at $11,000 is bullish of course, with the buyers stepping in around $10,000 to sho...
19 Sep 2020 1 minute read 6 comments Biz Wisdom
Bitcoin grinded lower Friday, making a small drift lower and closing just under the $11,000 level. It is encouraging that Bitcoin is not being immediately rejected around this area of resistance, but also has not showed it has convincingly establishe...
18 Sep 2020 1 minute read 2 comments Biz Wisdom
(September 17, 2020 9:00 PM EST) Bitcoin pulled back on Thursday, initially reaching up above the $11,000 level before pulling back, closing at $10,900. It's worth noting that Bitcoin's high for the day was at immediate resistance overhead at $11,00...
16 Sep 2020 2 minute read 0 comments Biz Wisdom
(September 16, 2020 8:00 PM EST) Bitcoin rallied for the 6th consecutive day, piercing the $11,000 level overhead before closing just under the resistance level. After breaking through support at the 50 Day EMA, Bitcoin found support at the $10,00...
16 Sep 2020 2 minute read 0 comments Biz Wisdom
Bitcoin rallied again on Tuesday, initially falling before bouncing near the end of the day, continuing its bounce off the $10,000 level and closing above the 50 Day EMA. There are a lot of market forces at work here; let's dive in. (September 15, 2...
15 Sep 2020 2 minute read 0 comments Biz Wisdom
Bitcoin initially fell again during the week ending September 13th, reaching beneath the $10,000 level before finding support and forming a hammer on the weekly chart. (September 14, 2020 9:00 PM EST) Bitcoin fell again during the week ending Septe...
