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Sirwin
Crypto Daily FX

Crypto Daily FX

Your Daily Support to Break Resistance.


Bitcoin Daily Price Forecast (8/29/20) - Is the Local Bottom In?

29 Aug 2020 2 minute read 0 comments Biz Wisdom

Bitcoin rallied on Friday, recovering from yesterday's fall down towards the $11,000 level and settling around the $11,500 level. This area has caused a lot of choppy behavior as Bitcoin seems rangebound between $11,000 and $12,000 for now.  (Aug 28,...

Bitcoin Daily Price Forecast (8/28/20) - Will $11,000 Support Hold?

28 Aug 2020 1 minute read 1 comment Biz Wisdom

Bitcoin fell again on Thursday, reaching lower towards the $11,000 level.   (Aug 27, 2020 8:00 PM EST) Based on what the charts are showing us, this is a short term pull back. Fundamentally, nothing has changed; in fact, the US federal reserve chair...

This Halving Price Model says Bitcoin to $115,000 in 2021

27 Aug 2020 1 minute read 1 comment Biz Wisdom

We all know that every 210,000 Bitcoin blocks created, or roughly ever 4 years, the Bitcoin protocol programmatically undergoes a "halving," in which the block reward to miners every 10 minutes halves. In 2012, it halved from 50 Bitcoin to 25, in 201...

Bitcoin Daily Price Forecast (8/26/20) - A Sea of Red

25 Aug 2020 1 minute read 0 comments Biz Wisdom

Bitcoin pulled back again on Tuesday, moving lower near the $11,000 level below. This is an overall short-term bearish sequence of candles that, in the grand scheme of things, is a measured consolidation move after making recent higher highs, as far...

Bitcoin Weekly Price Forecast (8/30/20) - Loading Up for a Bigger Breakout?

24 Aug 2020 2 minute read 0 comments Biz Wisdom

Bitcoin initially rallied last week, rising almost $1,000 to the ~$12,500 level before eventually giving back most of the gains and forming a inverted hammer. This is a bearish candlestick on its own, but when you consider where it is in this chart,...

Bitcoin Daily Analysis: Why Bitcoin's Stock to Flow Ratio is Fundamentally Higher than Gold (And Will Only Go Higher)

22 Aug 2020 2 minute read 0 comments Biz Wisdom

First, let's define a Stock to Flow Ratio: A Stock to Flow Model quantifies a measurement of the proportion between all of a resource or asset's currently available supply and its current production rate. In commodities markets, analysts calculate th...

Bitcoin Daily Price Forecast (8/22/20) - Are Bitcoin and Gold Trading Together?

22 Aug 2020 1 minute read 0 comments Biz Wisdom

Bitcoin pulled back again on Friday, negating yesterday's gains and moving lower to test the $11,500 level. This is a small bearing engulfing candle and an overall bearish-looking short-term trend, so I would not be surprised if, over the next week o...

OMISEGO (OMG) Weekly Price Forecast (8/24/20) - Is a $300 Price Target Too Low?

20 Aug 2020 3 minute read 7 comments Biz Wisdom

OmiseGo (OMG)  has exploded upward to start the week, breaking out of a long consolidation and accumulation phase and doubling in towards the $6.00 US Dollar level. This is a major bullish breakout of a long downtrend that so many altcoins have suffe...

Bitcoin Daily Price Forecast (8/21/20) - Buy the Bottom of this Ascending Channel?

20 Aug 2020 1 minute read 0 comments Biz Wisdom

Bitcoin rallied on Thursday, bouncing off the $11,500 level and eventually settling around $11,860 USD. Thursday's price action snapped two consecutive red days, but such a relatively quiet and uneventful day doesn't have me convinced the bears won't...

Bitcoin Daily Price Forecast (8/20/20) - $12,000 Support Broken: How Low Will Bitcoin Fall?

20 Aug 2020 1 minute read 0 comments Biz Wisdom

Bitcoin fell again on Wednesday, breaking through the $12,000 level and eventually settling around $11,700 USD. Two red candles in a row is bearish without a doubt, but we see this as a short term consolidation after a 35%+ rally over the past 4 week...