ChrisWelburn

ChrisWelburn

After the recent consolidation in BTC's price, we've seen price action move sideways for the past few weeks now. Applying a Fibonacci retracement/extension, we see the key 50% levels (roughly 12,629 and 15,535 respectively) have acted as support and resistance over the past few weeks, breaking the 50% extension (resistance) once but then retracing. The trend...

ChrisWelburn

It's a scary world we live in indeed. GBPUSD crash in the space of a few minutes.

ChrisWelburn

Previous break out of resistance is showing to be relatively strong. New resistance line is shown in green around 5354 with support at 5184 (blue line). If it breaks this support level, an extreme case would be a negative movement to 4893 (red line). If resistance is broken, we would see a much higher high of 2016.

ChrisWelburn

Updating my previous entry that was based on the trend... It seems the support level may be rising and a potential break out of resistance levels. We'll have to wait and see, I'm not going to trade this for now. Clearly the market has been particularly strong the past few days....

ChrisWelburn

On the move down once again

ChrisWelburn

Cup with Handle Chart Pattern