Get started

Bitcoin / British Pound

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Markets

BTCGBP trade ideas

BTC price chart spoked wheel pattern emerging.Viewing the daily BTC GBP chart since the ATH 2017, I noticed a pattern emerging that has ZERO to do with any currently known or observed market/price movement, so I would consider this utterly random , and to be viewed entirely as co-incidental and NOT as any kind of realistic price action. THIS IS NOT TA or any attempt at any meaningful or established TA, so please please keep any rage to yourself regarding this chart image. Ignoring ( for the most part ) the outlying ATH spike, it appears the rallies price/time angles lead back ( visually ) to a -6000 GBP figure. Spokes in a wheel so to speak, each becoming shallower in angle, and all centered around ( pretty much ) a minus 6000 GBP hub. Noticing this, I used said hub to project further spokes outward that intersect with the clear downward bear trend line of the last three rally peaks ( near enough ). The 'hub' of the wheel is not a pinpoint, but a hub, a circular area you could equate visually to a hub in a wheel, it has mass/volume. Yes this is a 5yr old childs mindset, playing with crayons and the human propensity to see patterns where none exist, but still kind of interesting. I have placed two dated prices ahead of time, just to see if this pattern plays out. There are far too many outside factors going on in the crypto-sphere to give these figures ANY validity, but it will be interesting to see if the 'spoked pattern' plays out none the less.
by applecart
Multi Fiat Bitcoin charts GBP, USD, JPY & EURO 6th Aug.18 [BTFD]For the week starting 6th August 2018 Quick overlook of the main crypto fiat pairs (minus KRW) All charts seem to be showing a clear market bottom with the CM Williams Vix Fix giving the green lights, showing market bottoms/reversals price action on both USD and JPY pair have caused the COP indy to go move into bearish sentiment where its still has not moved down on the other two... the MA cross is looking to form either a golden or death cross, giving us more idea of sentiment for the coming days/weeks its pretty make and break for bitcoin again this week, some lows of USS$5600 are possible with very strong support, on the upside if we can stay above 6600 support we can start looking towards previous weeks highs of 8200-8500 (USD) - the levels should be easy to convert if your using a different fiat pair have a powerful week and any questions please leave in comments below
by majorlee
Coinbase accepts fast £GBP deposits [FPS] for Bitcoin...Some progression in the UK at last for buying cryptocoins... the best site to buy crypto in the UK was cryptomate.co.uk (still has WAY more than ANY other!) now Coinbase has opened up the Faster Payments System with the UK banks so you can now instafund your Coinbase account with very little waiting time! ETC will be added on the 7th August you can sign upto coinbase here: goo.gl (fee free trading and withdraws) ------------------------------------------------------------------------------------ BTC/GBP: 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....
by majorlee
9
BTCGBP - Coinbase- Simple Strategy: high return, LOW drawdownSame strategy as the related ideas below. ( VERY SIMILAR TO BTCUSD HOWEVER WITH EXCEPTIONALLY LOW DRAWDOWN AND HIGHER PROFIT RETURN ) Currently reading a short signal.. same as BTCEUR and BTCUSD.. no long signal in sight so far Strategy Refer to BTCUSD and TRONUSDT related ideas below for detail into strategy, which works well with only high volume/volatile coins. Summary: All indicators must cross to give a strong buy/sell signal i.e. fibonacci lines, bollinger bands , macd , rsi must be crossed simultaneously. PNL = +42.14% Max Drawdown = 0.89% !!! 6 closed trades in total spanning ~2months (over 21% profit a month!!!) In short: BTCUSD vs BTCEUR vs BTCGBP <----- BTCGBP wins :) BTC-Fiat is signalling short at the moment
by uahmad99
BTCGBP - BTCUSD CLONE WARS -6k on the way?Separating chart patterns to identify trade opportunities? People tell me it's incorrect to analyse btc with any other altcoin in a separate manner. Usually one would look at btcusd as one pair. Here is BTCGBP with BTCUSD in the background. BTC looking about as bullish as a pair of wet socks. It's in a converging diagonal pattern, D1. And it looks way to early to break out. Yes, a declining converging diagonal or wedge is a bullish pattern, but the price action within is not. If we must name it, let's call it a mushroom or partly completed declining H&S. Try to add the DXY overlay to a BTC chart. There seems to be a pattern emerging. See what you think of it. You could for example select the GBPJPY pair and add the BXY index to the chart as an overlay. Investigate this.
by DelorenFX
A mish-mash of Trend Lines ... A multi-perspective analysisThis might look a bit complicated to start with - and that's for good reason. Markets are complicated. Its easy to make something complicated. It's hard to make something simple. I've attempted to simplify what's going on - without looking at chart patterns. These are really good at explaining what's going on, then a breakout occurs either before or after the pattern formed, which means a pattern is simply a language to optimise explain what happened historically, or what's about to happen. I have no data to say how often patterns succeed or fail, which is why I'm sceptical of them. I've drawn long-term support trends, and mixed them with with shorter-term support and resistance trends. The longer-term trends are browner, and the shorter term trends are greener. The thicker line which represents the sum total of the angles of the uptrends and downtrends (not weighted in any way - which is probably a weakness in my thinking). This makes a clear downward trend for the bitcoin price in the coming weeks/months. Where trend lines cross, there are triangles and quadrants of what I think are degrees of certainty for the price range of Bitcoin in the coming months. I have no idea whether a triangle or a quadrant is significant, or irrelevant in this context. Of course, lines all over the place mean nothing, but I think where more lines intersect, there's a greater chance the price range will fall into those ranges. As the future pans out, more lines will need to be drawn, and the projection will change. Thoughts, anyone?
Short
by gary-fry