Bitcoin Price Watch; Downside Break!
Here’s what we are focusing on for this evening's session in the bitcoin price. Markets are about to draw to a close in Europe for this Tuesday session, and it is time to conduct the second of our twice daily bitcoin price market analyses. Action today has been pretty much in line with what we expected, and hasn’t really offered up too much insight into how things might play out this evening, as the US afternoon draws to a close and the Asian session kicks off. So, with this said, and as we head into a fresh night’s trading in the bitcoin price, where are we looking to get in and out of....
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For the second of today’s bitcoin price watch analyses, we are going to kick things off with a chart. The chart below shows the action price put forward this morning, with our earlier framework overlaid. To start off then, take a quick look at the chart. As the chart shows, action went against our initial upside bias, and broke through the level we had slated as support to the downside shortly before lunchtime in the UK. After this break, a sustained downside run carried price to our downside target, pretty much directly after the break in question. While we obviously prefer upside trades....
Action has been a bit choppy in the bitcoin price over the last few days, but it hasn't stopped us drawing a profit from the market. Here's what we are looking at in today's European markets and beyond. Yesterday afternoon, our bitcoin price watch article highlighted a bunch of key levels, and in the article, we were able to define a classical pattern that suggested – from a technical perspective, at least – we were set for a continuation of the downside break we saw a little earlier in the day. A look at the action that succeeded our analysis shows a mixed response to our predictions. We....
Here's a look at what we are focusing on in the bitcoin price this evening. This morning, in the first of our twice daily bitcoin price watch pieces, we noted that the week so far had given us plenty to go at, and that this meant we were net up on the markets heading into the final session. We also noted that if we didn’t have too rough a trading day today, we could close the week out for a nice gain. Action has now matured throughout the session and things didn’t go quite as we’d hoped. Not terribly, and we still end the week net up on the markets, but not great. We highlighted a very....
Here's a look at what we are focusing on in the bitcoin price this evening. Well, this is getting a bit frustrating. Price seems to want to weigh to the downside, even though we want it to hit 800 so much. Shows how much influence we have. The chart below shows action during the European session today. It’s basically gone as follow: break, consolidation, break, consolidation. We’re currently trading just ahead of the 740 mark, and it’s looking like sentiment is very much to the downside right now. Not too much of an issue for our intraday operations, but a little frustrating on the longer....
Here's what we are looking at for today's morning session out of Europe in the bitcoin price. We’ve seen some pretty solid patterns this week in the bitcoin price. The weekend action offered up a nice sharp movement – one that we managed to take advantage of and draw a quick profit from the market. We then noted that – as a hypothesis based on the consolidation we saw post-break – we could be in for another sharp move when markets finally picked up a directional bias. Again, we got this move during yesterday’s session, with a sharp downside break offering us another opportunity to pick up....