Your Daily Support to Break Resistance.
26 Mar 2021 1 minute read 0 comments Biz Wisdom
Bitcoin fell again on Thursday, initially rallying a bit before turning around and continuing lower to around the $52K level. This is a bit of a hammer with a tail down to around $50K which should offer support, else Bitcoin will tumble a bit further...
24 Mar 2021 2 minute read 0 comments Biz Wisdom
Ethereum fell hard to start off the week, resolving the tightening triangle pattern to the downside and dropping under the $1,700 level, and Tuesday more of the same weakness. This is a bearish development and is contrary to what the pattern suggeste...
22 Mar 2021 2 minute read 1 comment Biz Wisdom
Bitcoin fell a bit during the week ending March 21st, dipping briefly under the $55K level before the buyers quickly stepped in to buy the dip, sending Bitcoin back up near the highs around $57K - $58K. While technically a red candle, Bitcoin continu...
19 Mar 2021 2 minute read 0 comments Biz Wisdom
Ethereum fell a bit on Thursday, reaching up to the $1,850 level early on before pulling back below $1,800, closing the daily candle around $1,770. This is a mildly bearish candle as ETH was rejected off the upper trendline of what appears to be a t...
18 Mar 2021 1 minute read 0 comments Biz Wisdom
Bitcoin rallied again on Wednesday, rising up to just under the $60K level before pulling back a hair, closing the daily candle just below $59K. This is a bullish candle as Bitcoin broke and closed above the previous local top around $58.8K, giving u...
17 Mar 2021 1 minute read 0 comments Biz Wisdom
Bitcoin fell a bit on Tuesday, dipping to about the $53,500K level before finding some buyers, recovering to a pretty flat trading day around $56,500. This is a dragonfly doji, indicating there are still traders buying the dip especially as Bitcoin a...
16 Mar 2021 1 minute read 0 comments Biz Wisdom
Ethereum rallied a bit on Monday, starting off high from the weekend session but promptly giving back the gains, ultimately closing the daily candle slightly positive. This is an inverted hammer but a potentially bullish one as ETH nearly scraped res...
16 Mar 2021 1 minute read 0 comments Biz Wisdom
Bitcoin fell a bit on Monday, initially rallying early in the trading session over $61K as the weekend came to a close and pulled back once Asia trading opened, giving back all of the gains plus a bit more to end the trading session. This is a somewh...
15 Mar 2021 3 minute read 0 comments Biz Wisdom
Ethereum rallied during the week ending March 14th, bursting up from under $1,600 to about the $1,900 level over the weekend before pulling back a bit, settling the weekly candle just below the $1,800 level. This is a bullish candle as ETH continues...
13 Mar 2021 2 minute read 0 comments Biz Wisdom
Bitcoin pulled back a bit on Friday, initially slipping before finding support and bouncing back up toward the open before ultimately closing slightly down around the $57K level. This is another hammer candle, although a bearish one, so Bitcoin may b...
