Bitcoin Price Watch: Range In Focus
In this morning's bitcoin price watch piece, we highlighted the levels that we were looking to keep an eye on during the European session today. We hoped that based on the action we had seen throughout the Asian evening session on Monday, we might get a continuation to the upside and be able to enter on a break of in term resistance towards 250 flat. As it happened, we did get the break, but the momentum was unable to carry it through to our target. As a result, we are now looking at the same levels we had slated this morning as the ones to watch this evening. With this said, we are going....
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A little earlier on this morning, shortly before the markets opened in the UK, we published our bitcoin price watch article addressing how we would response to price reaching certain levels throughout Tuesday's European session. The primary focus of the piece was the sharp decline we saw in the bitcoin price overnight on Monday, and the overarching bearish bias - on both a technical and fundamental level - that this forced us to accept. Now price has matured throughout the European session, and we are about to open on a fresh US afternoon. With this said, what has price action told us....
Here's a look at what we are focusing on in the bitcoin price this morning. So today we’re going to do something a little different, and focus on intrarange action as a primary strategy in our bitcoin price trading. Normally we set up our range based on the potential for breakouts, and enter short term scalp trades towards relatively tight targets when price breaks and closes above the levels that define the range. Instead of doing that today, we are going to widen out our range a little bit and look to enter on any internal reaction to price hitting the levels in question. So, as get....
Here's what we are focusing on this evening in the bitcoin price. Trades, parameters and risk levels. Things are drawing to close in the European session, and it’s time to perform our second analysis of the day in our bitcoin price watch strategy. In this morning’s analysis, we noted that price had been pretty volatile across the last couple of weeks, but has since slowed down a little bit, and that range bound trading was expected during today’s session. Further, we suggested that – in response to this range bound action – we would tighten up our parameters and look for scalp entries on....
Yesterday afternoon, we published our twice-daily bitcoin price watch piece. In the piece, we highlighted the levels that we would be looking at around evening during the Asian session, and suggested that - as a result of the widening of our regular parameters - we could probably get in and out of the markets according to our intra-range strategy. Action has now matured overnight, and - as we head into a fresh European session - what of levels that we are keeping an eye on in the bitcoin price today, and how can we try and draw profit from the market on the back of these parameters? Take a....
Here's a look at what we are focusing on in the bitcoin price this evening. In this morning’s analysis, we looked at how the bitcoin price moved overnight last night, and set up a pretty tight range ahead of the open. We looked to trade a breakout scalp strategy and get in for some nice quick profits on volatility. Action has now matured across the session, and it looks as though our approach paid off. Price broke to the upside a little earlier on, and ran up to our predetermined target relatively quickly. It has now corrected a bit, and this has given us a fresh range to go at for this....