Bitcoin Price Watch; Deciphering Tonight’s Action
Here's a look at what we are focusing on in the bitcoin price this morning. So that’s another day done, and as we noted this morning, there’s plenty of price action to discuss this evening. The bitcoin price has been super volatile over the last few weeks, which for some, will come as a welcome change from what was essentially a dead period throughout Sep-Nov. Instead of the range bound action we saw across that period, mid to late December, and carrying through into early January, has brought with it some real momentum. First, we saw price run all the way up to 1,300. That’s a level some....
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Here's a look at what we are focusing on in the bitcoin price this evening. So that’s another day done in the bitcoin price markets, and the time has come for us to take stock of action throughout the day and see where we can use this action in tonight’s strategy. Things got a little slow overnight, and those that read this morning’s analysis will be aware that we used some slightly longer term levels to set up against the markets this morning, in anticipation of waiting out price action a little bit until we saw some volatility and – more importantly, we got some action we could trade on....
Here's what we are looking to trade on any volatility in the bitcoin price on an intraday basis this evening. In this morning’s bitcoin price watch piece, we looked at the action we had seen overnight in the bitcoin price, and suggested that we might be looking at a sustained move for today’s session. The range we outlined was pretty tight, though concurrently wide enough for us to bring both our intrarange and breakout strategies to the table. Action throughout this morning was pretty tight, until we spiked just now, and this has redefined tonight’s parameters. Take a look at the chart....
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....
In this morning’s bitcoin price watch article, we focused on a pretty narrow range in an attempt to combine our intraday breakout strategy with some scalp targets to draw quick profit from the market on any volatility. Action has now matured throughout the session, and we are heading into what looks like its going to be a pretty interesting evening. The Asian session has, over the last few weeks, traditionally been the session that has given us the most gains. This isn’t set in stone, but chances are we will see a continuation of this trend throughout tonight’s trading. If we do, we want....
Here's a look at what we are focusing on in the bitcoin price this evening. It’s coming to the end of the European session now, and it is time to take a look at the bitcoin price for the second time today. In this morning’s analysis, we discussed the relatively flat action we have seen across the last few days, and said that we hoped this action would widen out a little bit today and give us something to go at. Unfortunately, this didn’t happen. We set our range pretty tight this morning, but even though there was only a few dollars’ worth of space between support and resistance, price....