Bitcoin Price Watch; End of Week Profit?
Here's a look at what we are focusing on in the bitcoin price this morning. We’ve come to the end of the week, and it’s been a pretty boring one from an intraday perspective. The bitcoin price doesn’t seem to want to breakout of a circa ten to twenty-dollar range, and this has proven difficult to navigate using our relatively tight intraday range on the five and the fifteen minute charts. Last night we suggested we could go at things with an intrarange approach to try and diversify away from just using our breakout scalp approach, but it didn’t make too much difference. During the Asian....
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Here are the levels to watch in today's bitcoin price in order to draw a profit from any volatility across the European session. In yesterday’s analysis, we commented on the relatively slow week we had seen in the bitcoin price last week, and noted that – in response to the little bit of volatility we saw over the weekend – we expected some decent momentum to come our way during Monday’s session. As things turned out, we did see some momentum; not quite as dramatic as we’d hoped for, but momentum nonetheless, and we managed to get in and out of the markets for a quick profit on the....
We’ve come to the end of the week for our daily bitcoin price analysis, and it has been quite an interesting group of sessions. After the initial sharp movement we saw last Sunday, and the follow-through heading into Monday morning’s session, price settled somewhat, and we saw some sideways trading midweek. Yesterday we saw a brief return to the upside, and managed to get in and out the markets to draw a decent profit from the volatility, and overnight we did the same. It’s now the beginning of a fresh session out of Europe, and we’re looking to get into at least one more trade in an....
Action in the Bitcoin price has not disappointed this week, with a whole raft of volatility translating to some great potential entry points in the markets. We have drawn profit from both the upside and the downside, and had our fair share of stop hits, but across the week have managed to draw a net profit from our operations. However, as we have seen over the weekends from the last few months, action on Saturday and Sunday can follow a completely different pattern than the Bitcoin price action we see in the week. Whether this is because the weekend translates to a reduction in volume-or....
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....
In this morning’s bitcoin price watch analysis, we noted that the range we were focusing on was pretty much exactly the same as that which we outlined yesterday evening – albeit with some slightly altered risk management and profit target parameters. We headed into today’s session with the intention of bringing both our intrarange and our breakout strategies into play, with the goal of drawing a profit from the market as we head into the latter end of the week. Action has now matured throughout the session, and we are about to head into the US afternoon – and beyond that – the Asian Friday....