Price Per Bitcoin Spikes to $900 Monday Evening
Perhaps while you were having your dinner or watching your evening TV programming, you missed a very exciting moment when it comes to the ever-changing price per Bitcoin. On the Mt. Gox exchange, the price actually reached a whopping high of $900 at around 8PM Eastern Monday evening. Just for a frame of reference, that's up $400 from what the price was a little over 24 hours ago, at $500 per coin. The incredible high prompted a brief sell-off, with the price dipping to just over $600, at which point in time buy-ins happened yet again. As of this writing, the price is at about $750. Like....
Related News
Shortly before the markets closed in Europe yesterday, we published our twice-daily bitcoin price watch piece. In the piece we highlighted the levels that we would be watching throughout the Asian session on Monday evening, and suggested how we might try and get in and out of the market according to a couple of different strategies. The first was our intra-range strategy - using which we would attempt to go short at resistance in the event of a medium-term correction with a target of in term support as defined by yesterday evening's range. The second was breakout strategy, using which we....
Here's a look at what we are focusing on in the bitcoin price this evening. It’s late on Monday evening, and time to take our second look of the day at the bitcoin price market. In this morning’s analysis, we noted that price would likely be relatively inactive, primarily as a result of the Independence Day celebrations in the US, and the impact this has on wider market volume. As things turned out, we did get a bit of volatility, and were able to get into a short term scalp position as per our morning analysis. Having closed out that trade for a profit, we then saw price move back within....
Here's a look at what we are focusing on in the bitcoin price this evening. Ok, so here’s the plan for this evening. The bitcoin price has been pretty steady all day, albeit with a slight downside trend, so we’re going to approach this evening’s market with a little bit of caution. Not because we think we’ll see too much action, but because in the face of the recent volume spikes that came about last week, we may be in for some choppy price movement. We don’t really need to alter our strategy or anything like that, just make sure that we’ve got some well defined risk management levels in....
Earlier this morning we published our twice daily bitcoin price watch piece. In the article, we highlighted the levels that we would be watching in the bitcoin price throughout Monday's European session, and suggested where we would look to get in and out of the markets according to our intra-range and breakout strategies. Action has now matured throughout the session, and - as we head into the Asian session on Monday evening - what are we looking for from the bitcoin price now? Take a quick look at the chart. As the chart shows, action today has been relatively tight, and - aside from....
Yesterday afternoon, shortly before the European markets closed out the day, we published our twice-daily bitcoin price analysis piece highlighting the action throughout Monday's European session and suggesting the levels that we would be looking at to help us infer a bias as we headed into the evening. Now action has matured throughout Monday evening, what are the levels we will be watching during Tuesday's European session, and how can we interpret price action around these levels in order to use their inference to enter a position? Take a quick look at the chart. As the chart shows,....