BTCGBP trade ideas
BTCGBP? £50 low?Hi, I was what your thoughts are on the £50 BTCGBP low and wondering what this could mean?
:)
Bitcoin's Price is Up Over $50 Already TodayThe price of bitcoin is up more than 7% today, climbing to just under $900.
Markets saw an average high of $896, according to the CoinDesk USD Bitcoin Price Index (BPI) after opening the day at $830. At press time, prices were currently averaging $882.10, an increase of just over 6%, BPI data shows.
Notably, CNY-denominated markets have climbed more than 10% today, hitting a high of ¥6,193.35. Prices are currently averaging ¥6,091.78.
The jump followed a day of relative calm, which saw the digital currency’s price fluctuate between $820 and $835 during much of the day’s trading.
BPI data shows that the price increase began shortly after 03:00 UTC this morning, a rise that has sparked curiosity given that it seems to have been driven by China-based exchange activity.
Bitcoin markets have seen a mix of volatile and subdued trading sessions in recent days, spurred significantly by regulatory developments from the region.
XBT/GBP Yes this is a Parabolic Strange as it may seem this is a bitcoin chart but maybe says where we are heading in a perfect world?
BTC long , looking to add in march/ish if price lowers Looking for a bit more of a drop before adding in. will wait a little while before adding to position things may change over the next 6 months politically and economically, keeping risk to a low for the time being
5-3-5-3-5 Wave-5 extension Sell update, revised...Less complexity and more concise breakdown of patterns...
5-3-5-3-5 Wave-5 extension with Elongated Triangle Sell set-up..After BTC/GBP rallied from lows of 416 in August, it then decided to show extension properties within wave-5 beginning in October... Recently I'm early November it began to form a Truncated Zig-Zag pattern which was part of the usual triangulation of a wave-5 extension and the completion of a 3 month up move!
Expect shorts to reach a minimum of 0.618%...
530.00 is a Major low resistance point and may be the start of an impulsive move in the trending direction which is Upward currently...
Bitcoin millionaire... I understand...
BTC/GBP Buy reveal....After a nice short on correction wave c making outstanding profits, a nice buy environment is arising for this currency pair... Special attention to the reversal signals for this pair as a Wave 1 impulsive rally is due to breakout shortly... Do not rely on indicators for this or you will not get in early enough.. Candlestick analysis will get you in faster than indicators... Reversal is imminent...
IS GBP A DARK HORSE OF BITCOIN TRADING? BTC price quoted via GBP shows perfect price action at each 0 level. Hey, Brexit is just around the corner!!
BTCGBP leading the way?The BTCGBP has breached pink sliding parallel resistance active since late April and may recapture the Blue Lower Parallel am looking to see if close on the next few 4hr bars remain above this line. I do not mind a dip bellow to pink line to check if it is still support, bounces there would be very bullish indicating a potential GBP40.00 move up
Meanwhile BTCUSD BTCEUR BTCAUD have breached the pink resistance line active since late April but are yet to recapture the blue Lower parallel. Any such confirmation from those would make me think we move to circled lines on all those charts. Interesting FOMC minutes coincide with the low in BTC being put in. More money printing!
