Bitcoin Price Watch: Tonight's Plan of Attack...
So action has now matured throughout today's European session, and despite our proclamation earlier this morning that e could be in for some real volatility, the bitcoin price seems to have remained relatively stable throughout the day. We have had some up and down action, but nothing that has broken the range we defined in the first of our twice daily analyses. This said, however, over the last few weeks the big movements have pretty consistently come out of China, as that seems to be where the heavy volume buying and selling is rooted. As such, during tonight's Asian session, we might....
Related News
Earlier this morning, we published the first of our two bitcoin price watch pieces highlighting the downside break we saw in the markets overnight, and suggesting that - in response to the bitcoin price returning to trade within our predefined range - we would maintain the levels we had previously slated as the ones to watch for today's European session. Action has now matured throughout the session, and has been relatively lackluster from a volatility perspective. With this said, and as we head into the Asian session, here's what we are looking at tonight. Take a quick look at the chart....
Here's what we are looking to trade in tonight's bitcoin price strategy plan. The day is about to draw to a close out of Europe in the bitcoin price, and the US afternoon is about to get underway. Beyond that, the Asian market will kick off sometime later on this evening, while Europe sleeps. With so much happening in the bitcoin space right now, there is plenty of volatility to go at from an intraday trading strategy perspective. This morning, we noted that we would be trading breakouts on the recently seen correction from yesterday’s highs, and that we would use the levels defined by....
So this morning we published our twice daily bitcoin price watch piece, highlighting the levels that we would be looking at during Monday's European session. Action has now matured throughout the day, and as we head into a fresh Asian session this evening, what are the levels we are watching in tonight's bitcoin price market, and where will we look to get in and out according to our intraday strategy. Further, how did today's strategy fare? Did we manage to get into a trade, or has action kept us out of the markets? Let's take a look. First - have a glance at the chart below to get an idea....
Here's what we are going to watch for tonight's session in the bitcoin price. Before we get started on this evening’s analysis, there are two things worth pointing out from this morning’s publication. The first, that we remain well within the range we slated, which likely means that we’ve seen the end of last’s night’s decline, at least temporarily. Second, that we did get a brief correction, and we managed to pick out the reversal point almost to the cent. Bragging rights aside, why is this important? Well, it validates our upside key level (i.e. resistance) and suggests there’s probably....
In this morning's bitcoin price watch piece we highlighted the levels that we were keeping an eye on throughout today's European session. Action has now matured throughout the day and - at a time when global markets are breaking to the downside - there has been plenty of volatility in the bitcoin price. As we head into a fresh Asian session, what are the levels we are watching tonight, and where will we be looking to get in and out of the markets according to our intraday strategy if we get a repeat of European volatility? Take a quick look at the chart. As the chart shows, action today....