Going to see some more volume on this pair in August and beyond
Charting this so UK buyers can get an idea of levels are targets while the US dollar controls the price still
Seems like we had a Golden Cross form on the 22nd July and the COP moved up into the Bull area a week before that and it produced positive moves towards the last high of £6475, selling pressure has forced it down to the very strong support of the 0.618 fib level just shy of 5600
If this fib support holds then we can see retests of the last high and most likely with current market conditions to fake out and rebound back down to the last 2018 major lows of £4100-£4400, if the fib level breaks we can consider these targets without going to test the last highs
good trades to all, come join us in our chat or leave questions in comments below....
Great to see someone charting in gbp. Also, totally agree about coinbase gbp though the fees are a bit steep compared to others.
Bank or broker exchange rate vs coinbase fees, I don't know what's worse.
majorlee
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@Fovillain, come onto our telegram chat and i will show u how to trade and deposit for free on coinbase
Fovillain
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@majorlee, thanks I would love to get this advice but I don;t do telegram, too complicated!
majorlee
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@Fovillain, we have a discord group starting soon but maybe sign up to the website and wait till we start doing member services for email users and other systems to get our info out there
majorlee
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@Fovillain, with UK FPS system there should be no fees!
Bank or broker exchange rate vs coinbase fees, I don't know what's worse.