Bitcoin Price Flat: Action During Asia?
In today's early-morning bitcoin price watch piece, we highlighted the levels that we would be watching throughout the European session in order to help us dictate our entries and exits according to our intraday breakout strategy. As it turns out, we have had a pretty up-and-down day, but the range during the European session has not been that extensive. With this said, the overarching momentum suggests that we may see some action throughout the Asian session this evening, and - in turn - gives us some hope that we might be able to exercise our strategy and draw profit from the market from....
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For this mornings bitcoin price watch piece, we are going to take a look at action overnight to try and ascertain whether the levels we had slated as the ones to watch during the Asian session remain relevant today, and from this, try to gain an insight into how we are going to go about playing todays action. From this, we will see whether out intraday breakout strategy or intrarange strategy are more relevant for today's action. First then, take a quick look at the chart. As you can se, action overnight saw a continuation of the overarching bullish momentum we have seen over the last few....
Here's a look at what we are focusing on in the bitcoin price this evening. In this morning’s bitcoin price watch piece, we discussed the fact that action to date this week has been relatively flat, and that we were hoping to get a breakout that we could get in and out on a quick short term scalp entry and draw a profit from the market on the volatility. Action has not been bad today, and we’ve had a relatively decent European session. We didn’t manage to get multiple positions entered, but we did get a nice quick trade to the upside, and managed to draw a profit in the process. Price....
Its been an interesting few weeks in the bitcoin price over the last month or so, and action on Tuesday night in Asia continues this trend with some steep volatility. First we saw a decline to overnight just ahead of 300 flat, and then the bitcoin price bounced to regain some of its lost strength in the small hours of the European night. However, as the European session kicked off for the morning, price has once again resumed its decline, and we now trade somewhere circa 315 flat - close to $100 lower than we were trading this time last week. So, with this in mind, and as we head in to a....
Here are the levels in focus for this evening's session out of the US and Asia in the bitcoin price. The day is drawing to a close, and its time to put out the second of our twice daily bitcoin price watch pieces. As far as trading days go, this one started out relatively flat, and the action we saw throughout the evening on Wednesday suggested we weren’t going to see anything special come the European open. How wrong this interpretation was. Action throughout today’s session, perhaps buoyed by some positive sentiment across global news media, has seen price boost to fresh weekly highs,....
A little earlier today we covered the decline in bitcoin price throughout yesterday afternoon's session, and the relatively flat action we saw as we approached the European open for Monday. Action has now matured, and a look at the bitcoin price on an intraday level offers up a bullish short-term bias, and the potential for further gains as we head into the US afternoon. So, with this in mind, what are the levels to keep an eye on? Let's take a look. Today's action has seen BTCUSD trade relatively erratically, though we remained within a downward sloping widening channel until about 2 PM....