Crypto is very unpredictable right now, if history repeats itself, this time of year is the most fertile, however a sneaking suspicion this year may be a little different and it might well keep us waiting a little while longer before another bull run commences.
Have a good weekend.
My feelings are the GBPUSD pair is really dependent on Brexit news alone. Today Mark Carney helped us bulls along nicely and made this bull flag that! It's also in over sold territory which makes me think there are more rises this week to come! I truly believe the Brexit debacle is nearly over and we should see GBP return to a normal level of 1.40 in the next year...
Morning all from Phoenix, AZ! Simple chart this morning showing the fib retracement levels and a support trend line. I expect the Brexit stuff to have more clarity before Monday and should see the pound bounce in my opinion. Have a great weekend all.
A beautiful bull flag formed on GBPUSD today, waiting for further upwards movement to enter more buys on GBP. Stochastic's entering over sold territory which further underlines my bullish sentiment on the pair. Have a great day everyone.
With the 50day MA getting ready to cross the 200 day, i suspect if we can break 0.4520 it maybe will gather some bullish momentum back to .4900 where we may see a golden cross in the coming weeks. This is my bullish scenario, a bearish scenario is a whole other kettle of fish! Happy Thanks Giving all!