Bitcoin Price Watch; The Weekend Awaits…
Here’s what we are looking at on today’s fifteen minute charts, with an outline of the positions we are targeting if we get any volatility. It’s been a bit of an odd start to the week for the bitcoin price and our intraday strategy. Things seem very subdued, and we haven’t really had any major volatility – a couple of false breakouts aside – on which to get into the market. Sideways action between a pretty tight, four or five dollar range has dominated proceedings, and we’ve been forced to resort to scalp opportunities for our profits. In yesterday afternoon’s analysis, we highlighted....
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Here's a look at what we are focusing on in the bitcoin price this morning. Okay then, let’s get things kicked off for a fresh week in the bitcoin price. Before we get started, it’s worth recapping quickly for those fresh to our strategy what happened recent term, and how this impacts current price. Basically, price gained towards 1300 into the end of December, and then throughout early to mid January, seemed to give back the vast majority of these gains and collapse back down to the 700 region. Since then, a long period of consolidation (just shy of a week) and then some step up gains....
At the end of last week, we published our twice-daily bitcoin price watch piece. In the piece, we highlighted a few of the key levels that we would be keeping an eye on in the bitcoin price over the weekend, and suggested how we would respond to price breaking or reaching these levels as far as entering on our intraday scalp strategy was concerned. Now action has matured over the weekend and we have seen quite a lot of volatility so, with this said, what are we watching today, and how might we draw profit from the market throughout the European session? Take a quick look at the chart. As....
A little earlier on this morning, we published our twice daily bitcoin price watch piece. In the piece we outlined the levels we were looking to watch in the bitcoin market throughout Friday's session, and stated that - if we got the volatility we were looking for - we would look to enter according to our breakout strategy in an attempt to draw a short term scalp profit on the action. Action has now matured throughout the day, and we are heading into the close of the European session and the beginning of the weekend. In the majority of other financial assets, markets would be pitching to....
Here's what we are looking at for the weekend sessions in the bitcoin price So that’s it – the end of the week. We’ve had some considerable up and down swings in the bitcoin price since Monday, and as we mentioned in the first of our twice daily bitcoin price watch pieces this morning, we’ve been able to get in and out for a profit on a couple of occasions. This morning we highlighted a relatively tight range and set up against price breakouts on this range. This evening, and with the day’s action taken into consideration, we are going to do pretty much exactly the same. Price action today....
Here's what we are looking to trade in the bitcoin price as we head into the weekend. Stops, targets and entries included. In this morning’s bitcoin price watch article, we noted that the range we were focusing on in the bitcoin price was probably a little too tight to bring an intrarange strategy into the equation, but for an aggressive trader, it would probably be possible to draw a profit under some strict risk management parameters. We also discussed some breakout entries, and outlined a few key levels that we would look to take a position at if, and when, the bitcoin price closed....