Looking at BTCGBP - Weekly analysis - Strong Resistance at £8228 - I'm looking to go long around £6800 - if BTC breaks through £8228 then will look to see if Resistance then becomes support going forwards- only need one confirmation then we are off!
So I put this chart together just out of interest because i get paid in GBP...
Now i want to short it!
I love the way the BoE manipulate the mass media - on the news yesterday everything was rosy and somehow the GBP was going to be strong again! I think they manipulated the market to eat our shorts! But now it looks like a good trade down to 1.31 or so.
I'm watching closely in order to enter a sizeable long. Watching for reactions to key support/price points - 3 scenarios as I need to consider absolute bear position - dashed purple line is absolute low I can cope with @1900. However, I should add I am trading BTC long only so i wait patiently.