Bitcoin Price Watch; Keeping Things Tight
Here's what's on for today's morning session out of Europe in the bitcoin price. It’s Thursday morning, and time to take the first of our twice tdaily looks at the bitcoin price. Action overnight has been relatively flat, but this doesn’t mean that we don’t have anything to go at this morning. Generally, sideways action will serve up some pretty solid outside parameters, and we can incorporate these parameters into our strategy pretty effectively. So, with that said, and as we head into fresh session this morning, let’s take a look at what we’re focusing on from a range and target....
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Here's a look at what we are focusing on in the bitcoin price this evening. As far as rough days in the market go, this has been one of the worst. We noted in this morning’s bitcoin price watch piece that the action we’ve seen over the last few days in the market had been a bit difficult to trade. Sideways action dominated, and the only real movement we saw were spikes in and out of the ranges we defined. We have managed to pull a couple of profitable trades out of this sort of action, but only by keeping our targets extremely tight and maintaining some even tighter risk management....
Here's a look at what we are focusing on in the bitcoin price this evening. In this morning’s bitcoin price watch analysis, our primary intent was to get across the importance of keeping things tight during the European session. Price has struggled to make any sort of sustained moves over the last few days, and while we have seen the odd spike, there has been no real trend momentum. The only way we are able to draw a profit from these sorts of market conditions is through a tight scalp strategy – that is, jumping in and out of the markets on the spikes and taking advantage of the action as....
Early this morning, shortly before the markets opened in the UK, we published our twice-daily bitcoin price watch piece. In the piece, we commented on the overarching bullish momentum we saw throughout the Monday evening session, and suggested that today's strategy might involve a couple of tight target-tight stop entries for an aggressive profit-taking position. Action throughout the day has now matured, so what did it bring, and what are the levels we're keeping an eye on this evening to help form our intraday bias at European session close? Take a quick look at the chart. As you can see....
Early this morning we published our twice-daily bitcoin price watch piece, and highlighted the levels that we would be keeping an eye on as action matured throughout the Thursday European session. One of the things that we noted was the apparent lack of volatility we have seen over the last few days, and the tight range within which the bitcoin price had held this week. Now, as action during the European session has matured and is drawing to a close, what are we keeping an eye on? Further, what can price action during the US afternoon tells about what we may see as we head into the....
Here's what we are focusing on after today's action in the bitcoin price. As far as rough days in the market go, this has been one of the worst. We noted in this morning’s bitcoin price watch piece that the action we’ve seen over the last few days in the market had been a bit difficult to trade. Action has been up and down, and pretty choppy, and it’s this sort of volatility that can sometimes be great, and sometimes torturous. We have managed to pull a couple of profitable trades out of this sort of bitcoin price action, but only by keeping our targets extremely tight and maintaining some....