Bitcoin Price Watch; Trading for the Weekend
Here are the levels we are looking to trade in the bitcoin price this evening out of Europe. So that’s it. Another week’s worth of bitcoin price trading gone, and one during which we saw plenty of unpredictable, yet perfectly tradable, price action unfold. As ever, however, the end of the traditional financial week far from means the end of our trading week. Bitcoin’s decentralized nature means we are able to trade over the weekend, and this – as many who have followed along with our analyses for a while will know – has opened us up to some opportunities to get into the most rewarding....
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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....
Here's a look at what we are focusing on in the bitcoin price this evening. So here goes, our final bitcoin price analysis of the week. It has been a pretty busy week, as we noted earlier today, and one that will likely end up influencing our trading for weeks to come. Why? Because action has been so volatile that it has carved out numerous key levels, and we can use these key levels to carry forward into our trading throughout the remainder of January. Exactly which of them will become effective remains to be seen, but no doubt some of them will, and when they do, we will be ready to take....
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 as we head into the weekend in the bitcoin price market. Its that time again, the end of the week, and time to put forward the framework with which we are going to approach the weekend in the bitcoin price. Things have been relatively inactive to day so far, but we did get in a short trade on a break of support a little earlier on this afternoon. Unfortunately, the trade didn’t work out, and price returned to trade within range shortly after we entered the position and – in doing so – took us out for a stop loss hit. As we mentioned this morning, however, the....
Here's a look at what we are focusing on in the bitcoin price this morning. The weekend is pretty much upon us, and with it, we are drawing to a close yet another week’s worth of action in the bitcoin price. Things have been a little mish-mash this week. Our trading throughout the early week was relatively subdued, primarily as a result of the lack of any real sustained momentum in the markets coming out of the holiday weekend in the US. Having said this, we’ve had a few nice entry opportunities, and a couple of solid positions. Yesterday’s action brought with it some upside action, and we....