GBP/USD Trade Recap & Re-entry Plan (4H / 2H Analysis)
Completed Long Entry: - Entry from demand zone around 1.32600–1.32900 - TP hit just below key supply zone at 1.34400+ - Strong risk-reward delivered from the bullish BOS structure.
Current Price Action: - Price has tapped into higher timeframe supply (red zone), showing signs of short-term exhaustion.
Re-entry Plan: - Watching for a potential pullback to 1.33450–1.33800 (refined demand zone) for another long continuation. - Plan invalid if price breaks below 1.33400.
Expecting re-entry setup early next week if market respects structure and offers confirmation.
Visual: Side-by-Side 1D Chart of BTC & GBPUSD – Similarities or Divergence?
Let's break down the side-by-side 1D charts of BTC/USDT and GBP/USD to analyze potential similarities and divergences in their recent price action. 1. Trend Patterns BTC/USDT: The chart shows Bitcoin's recent price action exhibiting a clear downtrend until the first week of August, followed by a strong bullish reversal. Bitcoin sharply bounced back from its low around 111,900 and surged towards 115,000 levels, signaling potential bullish momentum.GBP/USD: The GBP/USD chart also displays a downtrend through the last days of July, followed by a breakout and continuation of an uptrend as it pushes towards 1.3360 in early August. Similarity: Both charts show a similar price movement pattern— a downtrend followed by a sudden upward shift in August. This suggests a correlation in market sentiment during the transition from July to August, indicating potential recovery or demand increase across both markets.
2. Volume and Volatility BTC/USDT: There is noticeable volatility within Bitcoin's price action as seen from the large candlesticks, indicating significant price swings. Despite the volatility, the recent bullish movement is quite strong.GBP/USD: GBP/USD also exhibits sharp moves with similar volatility, but the scale is relatively smaller compared to Bitcoin. The movement is still significant as the pair moves above 1.33, signaling strong upward momentum after breaking resistance. Divergence: The volatility in BTC seems more pronounced than in GBP/USD, suggesting that the cryptocurrency market may be more reactive to news and events than traditional Forex markets like the British Pound.
3. Support and Resistance Levels BTC/USDT: Bitcoin recently found support at 111,900 and saw a strong rebound, confirming 111,900 as a solid support level. Resistance is approaching 116,000, indicating a bullish rally in progress.GBP/USD: For GBP/USD, the support is around 1.3200, with the price breaking through several resistances along the way to 1.3360, indicating significant upward momentum. Similarity: Both charts have a clear support and resistance structure, with prices rebounding off key support areas, indicating that price action is respecting these levels, regardless of market type.
4. Market Sentiment and Direction BTC/USDT: The shift from a downtrend to an uptrend in Bitcoin’s price suggests strong bullish sentiment, particularly in the cryptocurrency space, which may be influenced by broader market conditions or specific news events.GBP/USD: Similarly, the GBP/USD chart shows a shift in sentiment, indicating a potential reversal from a bearish to a bullish trend in the Forex market. However, GBP/USD may be more influenced by geopolitical or economic events, such as interest rates or UK political changes. Divergence: While both markets are moving in the same direction (upward), the fundamental drivers behind the movement may differ. BTC is more affected by cryptocurrency-specific news, while GBP/USD is influenced by economic data and geopolitical factors.
5. Technical Indicators BTC/USDT: Bitcoin’s price action indicates strong momentum as it breaks recent price levels with increasing volume. The relative strength index (RSI) or other oscillators might show the strength of this move.GBP/USD: The GBP/USD chart also shows a breakout pattern from a consolidation phase, with increasing momentum. However, the indicators might show a more gradual increase compared to BTC. Similarity: Both pairs are showing signs of strength and momentum, but BTC’s breakout seems more volatile and rapid, typical of cryptocurrencies.
Conclusion: Similarities: Both BTC/USDT and GBP/USD charts demonstrate a recovery from a downtrend into an uptrend, indicating a potential shift in market sentiment toward bullishness.Divergence: While they share similar patterns, Bitcoin's movements are more volatile, showing larger price swings, while GBP/USD appears to have more gradual and stable changes, typical of traditional currency pairs. This analysis of Bitcoin and the British Pound demonstrates how different asset classes (cryptocurrency vs. traditional forex) can display comparable price structures while behaving differently in terms of volatility, sentiment, and responsiveness to broader market conditions.
Stay tuned for more in-depth analysis on Binance Square!
GBP/USD Trade Breakdown and Re-Entry Plans – August 6
Currently holding a long position on GBP/USD after a confirmed break of structure on the 2H chart. Price has pushed above internal liquidity and is reacting to early imbalance fill near the 1.3340 region.
Current trade status: - Long still active - Partial take-profit executed around 1.3340 - Watching price action near 1.3360 for continuation or rejection
Planned re-entries: - First re-entry zone: 1.3314 (short-term demand) - Second re-entry: 1.3269 – 1.3230 (refined order block zone) - Final mitigation area: 1.3205 if structure remains intact
Focus going forward: - Price behavior around the next internal high at 1.3360 - Confirmation of bullish intent on lower timeframes at planned zones - Potential for continuation if NY session respects current market structure
No forecasting. Just reacting to structure, liquidity, and confirmation.
This is a reminder: trust the system when the setup is clean.
Are you in this move too? How are you managing partials or SL on this pair?
Kumcesc
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While BTCUSDT is threating to fail here is what i have for you.
GBP/USD — Adding to My Plan, Not My Problems 😅
Yesterday’s position is still alive (shocking, I know 😂), and I’ve just added to it based on the same logic:
👉 Break of structure (BoS) 👉 Confirmation 👉 Entry refinement from the demand zone
No crystal ball here, just sticking to the plan and letting price do the heavy lifting. If it works — great. If it doesn’t — risk is already managed, ego not included. 😌
🧠 Lesson: Scaling into winners makes more sense than marrying losers.
📍 TP zone still in sight — let’s see if GBP/USD wants to be kind today.
1, Have you adjusted your BTC position sizing now that it behaves like a high-beta asset? 2. Do you treat BTC differently from gold in your portfolio allocations? 3. What’s your exit plan if BTC correlates tightly with equities during a market crash? 4. Have you backtested BTC’s behavior across major macro events? 5. Is Bitcoin still part of your defensive strategy — or purely for alpha now?
Hot Take: BTC Is Behaving More Like a Risk‑On Asset Than a Hedge. Here’s Why…
Bitcoin ain’t acting like digital gold lately. It's behaving more like a speculative tech stock on steroids.
Here’s what we’re seeing:
1. Geopolitical stress? Gold pumps. BTC dumps. 2. BTC’s correlation with equities? Way up. Not what you’d expect from a "hedge." 3. Institutional players? Treating it like a high-beta asset, not protection. 4. Market panic? BTC bleeds—sometimes worse than equities.
When Israel struck Iran earlier this year, gold rallied hard. Bitcoin? It dropped—faster and deeper than the S&P. If BTC was a hedge, that shouldn’t have happened.
A few years ago, you could argue Bitcoin was uncorrelated. Today? It’s dancing in step with risk-on markets.
Recent studies back this up:
BTC offers some diversification in stable conditions, but in a real crisis, it’s not your safety net.
Bottom Line: 1. Bitcoin’s still a beast. It’s fast, powerful, and full of opportunity. 2. But right now, it’s not a hedge — it’s a high-octane, high-reward, high-risk trade.
What I Learned From a $32,400 Loss Since November 2024
It wasn’t just the loss — it was how quickly I ignored what I knew, and how long I clung to bias.
1. Clear ChoCH to the other side? I held. 2. Market printed a clean BoS, pulled back to my break-even — I still held. 3. Negative news? I averaged down. 4. RSI divergence? I denied it. 5. Clear rejection? I dismissed it. 6. The market didn’t punish me. I did.
It wasn’t just about breaking my plan — it was about refusing to see the truth when it was right in front of me.
Biggest lesson?
1. Never negotiate with your rules. 2. But more importantly — make sure your rules are based on truth.
Question: What’s your biggest trading mistake this year?
I’ve held somce for 3 to 3 years But I’ve shorted some more times it more times than i have longed it.
Don’t fall in love with an asset. Fall in love with discipline. When the market favours the seller then join the trend and when it reverses do thesame.
Are you emotionally attached to any coin right now?
Most Traders Are Not Underleveraged. They're Overexposed.
Too many traders brag about 10x, 20x leverage, but their risk per position is 30–40% of their account. That’s not leverage. That’s suicide. Better 3x leveraged with 1.5% total risk. Capital survives. Mind survives. Game continues.
How much of your account are you risking per trade?
1. Check DXY, ES mini, BTC dominance 2. Scan liquidity zones on BTC/USDt 4H 3. News catalysts → macro or protocol-specific 4. Order flow anomalies 5. Set alerts. Walk away.
This takes about an hour or more but helps build clarity as routine beats randomness.
🇬🇧💵 GBPUSD: What’s Driving This Week’s Move – DXY, BOE, or Macro?
Let’s keep it real — I’m in a buy, and I still like the setup.
Yes, price action has been a little slow, but it’s holding strong where it matters. Here’s what I think is really behind this week’s movement:
✅ The DXY is strong – but not unstoppable.
The dollar flexed a bit early in the week, but that push is starting to lose steam. We’ve seen this before — it grabs attention and then fades. GBP is holding its ground, and that’s a clue.
✅ BOE’s not as soft as people think.
Everyone’s calling them dovish, but the BOE still has a reason to stay tight. Inflation isn’t done yet in the UK, and rate cuts aren’t a lock. The market’s misreading the tone, and that gives GBP upside potential.
✅ Big picture? GBP is undervalued.
This isn’t just about today’s candle — it’s about the bigger move. Price is sitting in a key zone, and as long as it holds, I’m confident in the slow grind up. Momentum is building.
📢 Bottom line:
I’m riding this buy, and I still see it playing out. The market might be taking its time — but the move is cooking. Don’t sleep on it.
💬 What’s your take — are you seeing the same buildup, or still waiting for a sign? Let’s talk