Your Daily Support to Break Resistance.
12 Sep 2020 1 minute read 3 comments Biz Wisdom
Bitcoin went back and forth on Friday, initially falling before rallying to close with a slightly green candle. This is the third green candle in a row after a significant breakdown from previous local highs. But what does it mean? (September 11, 202...
9 Sep 2020 1 minute read 0 comments Biz Wisdom
Bitcoin sold off again on Tuesday, initially bouncing off the $10,000 level before the sellers returned to retest the $10,000 level. All markets have been red the past 3 trading days, so this is no surprise, but the question is will $10,000 hold as s...
8 Sep 2020 2 minute read 0 comments Biz Wisdom
Bitcoin fell hard last week, breaking through the $11,000 level repeatedly testing $10,000 before eventually finding buyers around $9,800. This is a bearish sequence of events, but it is encouraging that $10,000 has managed to hold... thus far. (Sep...
5 Sep 2020 1 minute read 0 comments Biz Wisdom
Bitcoin broke down again on Friday, testing the the $10,000 level before finding support and rallying up towards the $10,700 level. Saturday has seen continued selling, with a second consecutive re-test of support at $10,000 and Bitcoin briefly wicki...
3 Sep 2020 1 minute read 0 comments Biz Wisdom
Bitcoin broke down on Thursday, breaking through support at the $11,000 level and reaching down towards $10,500 before turning around and eventually settling for the day around $10,750. We're now monitoring further support levels to see how deep this...
2 Sep 2020 1 minute read 0 comments Biz Wisdom
Bitcoin broke down on Wednesday, getting rejected again by resistance at the $12,000 level and ending Bitcoin's 3 day green candle streak. This area has between $11,000 and $12,000 has been very contentious and it appears Bitcoin may be stuck in this...
1 Sep 2020 2 minute read 0 comments Biz Wisdom
Bitcoin rallied again on Tuesday, marking the third consecutive green day in a row, closing above the $12,000 level. This area has caused a lot of choppy behavior as Bitcoin range between $11,000 and $12,000 for a couple months following the big asce...
1 Sep 2020 1 minute read 0 comments Biz Wisdom
Taking a look at the ETH/BTC ratio 3 Year chart below, you can see the ETH/BTC ratio peaked in Jan. 2018 around peak altseason, altcoins' manic parabolic rise shortly following leading large cap Bitcoin's peak at $20,000. It's a common pattern demons...
1 Sep 2020 2 minute read 0 comments Biz Wisdom
Ethereum initially fell during the week ending August 30th, pulling back to the $375 USD level before the buyers stepped in, with ETH settling around $395.00 on Sunday, August 30th. This is a potentially bullish candle on the Weekly timeframe after a...
1 Sep 2020 2 minute read 0 comments Biz Wisdom
Bitcoin initially dropped last week, testing the $11,000 level before eventually turning around and bouncing back up to around ~$11,600. This is a neutral to slightly bearish candlestick, as Bitcoin fell, bounced, and eventually closed slightly lower...
