Bitcoin resistance drops dramatically

November 28, 2018 Shaun Downey 0

Yesterday saw a shift as both support and resistance had strengthened leaving a relatively tight and bounded market trapped between $4,090 and $3,480. Whilst it appears that little is happening, the chart below highlights the […]


Bitcoin: Key resistance moves lower

November 27, 2018 Shaun Downey 0

Last week price was bounded in sideways in a contracting range capped and floored at $4,630 and $4,090, it requiring a close outside of this range to dictate the next trend. Initially $4090 held (rectangle), […]


Support forms on Bitcoin

November 19, 2018 Shaun Downey 0

The update late last week concentrated on the breakdown and independent weakness from the Dollar and highlighted how supports and resistances would adjust through time. This has occurred on cue with price suddenly condensed. The […]


Bitcoin Breaks Down Again

November 15, 2018 Shaun Downey 0

My post on November 13th painted a bearish scenario as price honed in on the final major support at $6,210. For the most part its movement has tracked the Dollar, but we saw a breakdown […]


Bitcoin remains a hostage to the Dollar

November 13, 2018 Shaun Downey 0

The last two updates  highlighted how Bit Coin remained just a product of the Dollar with no independent movement. This remains the case and with the Dollar Index itself breaking up and with resistance distant as […]


Crude hits final downside target

November 7, 2018 Shaun Downey 0

The last update on Oct 24th signaled a breakdown with three distinct targets and a prediction that the rate of decline would slow. Since then price has continued to slide and yesterday saw it reach […]


Bitcoin consolidates gains

November 6, 2018 Shaun Downey 0

The last update highlighted the break up inspired largely by Dollar weakness with $6,330 as the breakout point and therefore key level. This had held perfectly once and the close on Friday saw this level […]


FTSE De-Correlates from the Pound

November 5, 2018 Shaun Downey 0

Since the Brexit vote the Ftse has often lost its independence as shifts and the size of moves in the Pound Dollar Rate have overshadowed it. Correlations rarely last and in the past week the […]


Bitcoin Breaks Down

October 30, 2018 Shaun Downey 0

My update on Oct 25th highlighted how the breakout point had narrowed significantly, thus lowering the bar for the next trend. Yesterday saw price break down and on the Technician platform, fresh signals appeared. The […]

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