Bitcoin Price Watch; This Evening’s Key Levels
Here's what's on for our final session in the bitcoin price watch analysis strategy this week. So we are going to make things as simple as possible for our final price trading session of the week, and narrow our range right in to something like a fifteen dollar split. This gives us the chance to take advantage of any tight movement as we head into the weekend. Why are we doing this? Well, those reading will likely be aware of the action seen across the last few days, and the impact this has had on what we are now looking at as a potential upside price ceiling. However, this said, price has....
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The European session is drawing to a close, and it’s heading into lunch time in the US. As usual, this means it’s time for the second of our twice daily bitcoin price watch analysis pieces, so here goes. First, we will have a quick look at what action threw out today, and then we can interpret this action and use it to try and figure out how we can approach this evening’s trading. So, to kick things off, take a quick look at the chart below. It represents action seen during the last 24 or so hours. As the chart shows, volume this morning was pretty low, and price action has remained well....
Here's a look at what we are focusing on in the bitcoin price this evening. Sometimes, we outline our key levels in the bitcoin price, and then action throughout the day disappoints. Specifically, when this happens, we generally see a ranging of price between the two levels in question, and a failure to break either resistance or support and, by proxy, a failure of our strategy to put us in any profitable trades. As things have turned out today, that’s exactly what has happened. Price basically bounced around our key support level for a short period, before ranging slowly towards....
Here's a look at what we are focusing on in the bitcoin price this evening. In this morning’s analysis, we noted that the bitcoin price seemed to have settled down a bit, and was carving out a relatively tight range. In turn, we highlighted the fact that this range might present us with a nice opportunity to get in and out of the markets on a breakout position during the early European session this week, and that we would be on the lookout for any such positions as the day’s trading matured. As things turned out, we haven’t had any real breakout opportunities, but we have seen a....
Here's a look at what we are focusing on in the bitcoin price this evening. Well that’s it for another day, and the bitcoin price has not really moved across the entire session. We saw price dip below 800 temporarily, but it recovered quickly to current levels around four dollars clear of the threshold. Unfortunately for us, and as per the rules of our strategy outlined as part of this morning’s analysis, we got in short on the break and were quickly taken out of the trade as price returned to trade above 800 and took out our stop. This isn’t great, but its also not a huge issue. We’re in....
Here’s what we are focusing on for this evening's session in the bitcoin price. So it’s time for the second of our twice daily bitcoin price analyses, and things aren’t going to be all that different from this morning. Action throughout the day has been relatively flat, although we did get a bit of a breakout, and managed to get into a long entry earlier in the day. This said, we were quickly stopped out, and we enter this evening’s session net flat in the markets. So, with this said, as we head into this evening’s session in the bitcoin price market, what are we looking at from an entry....