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Bitcoin / British Pound

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BTCGBP trade ideas

Bullish Flag Longhello Traders, hope you are well. Lets get into it, in the chart above we can all see a great resemblance between BTCUSD and BTCGBP and because of them having a positive correlation it would be best to buy BTCGBP too if you are planning on buying BTCUSD. Lets break down BTCGBP real quick, we had a very strong rejection @ SUPPORT(38552.57) and price pushed up and formed a nice range with SUPPORT(44073.78-42941.33) and RESISTANCE(49099.05-48373.57).Buy@Support-Sell@Resistance. Thank you.
Long
by madanhileeroy
Bitcoin (BTC/£) - Bearish Short TermKey Levels for Bitcoin, since early March BTC has been struggling to break above major resistance level at: "£57K" with 3 points of price rejection with wick contacts. £48K mark has been holding strong support for pressure for the bulls, but I still predict short term Bitcoin will try shake investors out during this halving event. Remain positive, look for opportunities to take advantage of the market sentiment. Long term is the big picture! Minor Support= £48K🟢 Line of Resistance= £57K🔴 New Support= £42K❔ ‼️DISCLAIMER PLEASE READ CAREFULLY‼️ *(THIS NOT FINANCIAL ADVICE, ALWAYS DO YOUR OWN RESEARCH! I AM NOT RESPONSIBLE FOR ANY LOSS OF EARNINGS FROM ANY INVESTMENTS THAT YOU MAY MAKE BASED OFF ANY OF MY IDEAS. ONLY INVEST WHAT YOU CAN RISK TO AFFORD TO LOSE IF YOU MAKE THE DECISION TO DO SO. DO NOT INVEST, UNLESS YOU'RE PREPARED TO LOSE MONEY, IF NOT ALL.) (CRYPTOCURRENCY CAN BE HIGH-RISK INVESTMENTS DUE TO THE VOLATILLITY OF IT'S NATURE, AND YOU SHOULD NOT EXPECT TO BE PROTECTED IF SOMETHING GOES IN THE WRONG DIRECTION. SEEK PROFESSIONAL ADVICE FROM A CERTIFIED FINANCIAL ADVISOR.)
Short
by Bitcoin_Benny
Bitcoin (BTC/GBP ) Bullish! - April, 7th 2024Bitcoin had broken a previous Support Level at: "£53K" which acted as a Resistance area back from April, 4th. As as result, this created an uptrend. £55.6K is now acting as a strong Resistance zone from the current dump that we've just experienced. BTC bulls have managed to push the price above £54.2K, which was a key level on multiple time intervals. For this instance, the 4-hour candles closed above this level, retest to £55.6K will happen very soon. If bulls can break this level, which wouldn't be surprising before the halving, momentum will push further past "£56.6K" with no difficulty! Line of Support= £54.2K🟢 Line of Resistance= £55.6K🔴 Target= £56.6K🎯 ‼️DISCLAIMER PLEASE READ CAREFULLY‼️ *(THIS NOT FINANCIAL ADVICE, ALWAYS DO YOUR OWN RESEARCH! I AM NOT RESPONSIBLE FOR ANY LOSS OF EARNINGS FROM ANY INVESTMENTS YOU MAKE BASED OFF ANY OF MY IDEAS. ONLY INVEST WHAT YOU CAN RISK TO AFFORD TO LOSE IF YOU MAKE THE DECISION TO DO SO. DO NOT INVEST, UNLESS YOU'RE PREPARED TO LOSS MONEY, IF NOT ALL.) (CRYPTOCURRENCY CAN BE HIGH-RISK INVESTMENTS DUE TO THE VOLATILLITY OF IT'S NATURE, AND YOU SHOULD NOT EXPECT TO BE PROTECTED IF SOMETHING GOES IN THE WRONG DIRECTION.)
Long
by Bitcoin_Benny
Bitcoin - Price Prediction (April, 4th 2024)Bitcoin has broke a resistance from the dump we was in back from past few days. BTC bulls has managed to push the hourly candles close to above the last close from yesterday! This is a bullish sign short term, the rate of Bitcoin (BTC) has risen by +2% over the last 24 hours. Key Levels: -Resistance broken at= "£53K" as show from charts -Support created at "£51K" with mutiplie bounceback's, therefore showing strong buy pressure from investors. -New Resistance to restest at= "£55.6K" area mark. On the bigger time frame, it's too early to say if the dips is over before the halving. Pay close attention to these key levels provided. However, on smaller timeframe intervals, BTC shows a recovery from a possible fakeout recently. A retest to £55K zone is possible to expect in the new few days if price continues to hold above the recent resistance level broken. Consolidation is more likely between the prices of: "£51K - £55.6K".
by Bitcoin_Benny
2
BITCOIN GREEN LIGHTFranklin Templeton, a global asset manager with $15 trillion under management, receives SEC approval for its spot Bitcoin ETF application. The SEC postpones decisions on ether exchange-traded fund applications from VanEck and ARK, with a final verdict expected by late May 2024. In a significant move, the U.S. Securities and Exchange Commission (SEC) has given its nod to the spot Bitcoin ETF application from Franklin Templeton, a leading global asset manager overseeing $15 trillion. This acknowledgment is a pivotal moment in the crypto industry, especially given Franklin Templeton’s immense influence in the asset management domain.
Long
by IPatrice
Flag to take us to the floor?4th july 22'. 'Murica!. Seeing this on the daily. Seems pretty textbook to me. Cant really see any indicators that btc, the general markets, or economy, has bottomed yet, so this makes perfect sense to take us to somewhere near the floor over the next couple months. The previous halving macro cycles show that the top to the bottom typically takes about a year. (around 406 days 1st halving cycle // around 364 days 2nd halving cycle) This would work out at around 300 days from the November 21' top. So, I wouldn't be surprised by a month or two of sideways movement even after this plays out. I expect to be heavy accumulating from somewhere near the end of this month all the way until the end of the year. The Binance volume chart shows we had major green volume days on the 12 May, and then again on the 15th June, barely shifting the price up at all. Both candles bodies are super tight. Where as, the next 2 biggest volume days in that period were both red days, and they moved the price significantly. Both candle bodies are huge. Macro & micro indicators adding up. Could be wrong. I'll check again later in the month. :)
Short
by jaydc