Your Daily Support to Break Resistance.
12 Jun 2021 1 minute read 1 comment Biz Wisdom
Ethereum had a quiet Friday, trading in a small range to end the week on a bearish note as it slid about $500 to finish near the lower trendline. ETH appears to be developing a tightening wedge pattern that could break either way, but the bias is to...
11 Jun 2021 1 minute read 0 comments Biz Wisdom
Bitcoin rallied a bit Thursday and the past few days, putting in what appears to be a double-bottom and bouncing back to about the $38K level before cooling off a bit today. This very well could be a choppy sideways trading pattern as BTC looks to br...
7 Jun 2021 1 minute read 0 comments Biz Wisdom
Bitcoin rallied a bit last week, rallying to nearly $40K before slipping in concert with another Elon Mark tweet and finishing the weekly candle net-positive around $36K. This is a bullish doji candle as Bitcoin continues to find support at the 50 We...
4 Jun 2021 1 minute read 0 comments Biz Wisdom
Ethereum has rallied so far this week, erasing some more losses as it crests the $2,800 level, tying last week's highs. This is bullish, although we have to consider whether or not this is indeed a resumption of the uptrend or a deadcat bounce before...
3 Jun 2021 1 minute read 0 comments Biz Wisdom
Bitcoin has bounced back a bit so far this week, bouncing off the 50 Week EMA and rallying to the 78.6% fib around $38K mid-week. Depending how Bitcoin responds from here, this relief rally could solidify a bottom, or set the stage for another test o...
30 May 2021 1 minute read 2 comments Biz Wisdom
Bitcoin struggled again during the week ending May 30th, initially rallying a bit to the $37K level before the sellers stepped in, pulling back to the 50 Week EMA. This is a bearish succession of candles, of course, however, the uptrend remains well...
25 May 2021 1 minute read 1 comment Biz Wisdom
Bitcoin sold off viciously last week, dropping about $20K and posting its first $10,000 daily candle as it dropped from $50K to ~$43K, then the following day to $30K. This is an extremely bearish candle obviously, as this indicates the end of a trend...
23 May 2021 1 minute read 0 comments Biz Wisdom
Has Bitcoin put in a market cycle top? Are we following the 2013 or 2017 market cycle? Let's analyze. Bitcoin 2013 vs Now. Correlation has been pretty close since 2016-present. Based on recent 2021 price action, looks like we could be set up to...
19 May 2021 1 minute read 0 comments Biz Wisdom
Bitcoin fell again on Tuesday, initially rallying just over the $45K level before pulling back, closing the daily candle around $43K. Afterhours we've seen BTC drift to a lower low, now within striking distance of major support at the $40K level. If...
17 May 2021 1 minute read 2 comments Biz Wisdom
Bitcoin fell last week, initially recovering a bit before selling off later in the week amid FUD surrounding Elon Musk-inspired Bitcoin mining environmental implications, falling underneath the $50K level and even dipping down below $44K before ultim...
