Bitcoin Price Dives Overnight, Rebounding This Morning
If you were asleep last night - and let's be honest, most of the population was - you probably missed what happened to the price of Bitcoin. It dived. The price per coin reached a low of $175USD at about 4AM Eastern Time at Mt. Gox, rebounding to a high of $211USD in the past three hours. What a ride! Some saw the opportunity to scoop up extra coin during the dip, but it doesn't appear as if this event caused a panic sell by any stretch, given the aforementioned rebound. It is likely that those who took advantage of the dip were those in China, bringing that price right back up. It's not....
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So yesterday evening in our twice daily bitcoin price watch piece, we highlighted the levels that we were pitching to keep an eye on during Tuesday's Asian session. We suggested that - if we got any overnight volatility - we would look to get in and out of the markets according to our intraday strategy. Action has now matured overnight and as we head into a fresh day in Europe, here are the levels we are looking at this morning. First up, take a quick look at the chart to get an idea of recent action. As the chart illustrates action overnight saw the bitcoin price remain constricted....
Here's what we are focusing on for this Wednesday morning's session in the bitcoin price, and a look at what happened overnight. It’s early Wednesday morning, and about time for the first of our twice-daily bitcoin price watch analyses. During yesterday’s session, we got some pretty sharp movements, and managed to enter short according to our breakout strategy on the upward sloping triangle. The trade closed out for profit shortly before markets closed in Europe, giving us a clean slate with which to enter the evening session out of the US and, beyond that, Asia. Action has now matured....
Here’s what we are focusing on for this morning’s session in the bitcoin price. It is Monday morning, and time for a look at how we are going to approach the bitcoin price this week as part of a fresh week’s trading strategy. Action over the weekend was relatively flat (something that those who have followed along with our analyses across the last few months will know is pretty unusual) but overnight on Sunday we did see some sustained upside momentum. This momentum has brought us to trade just shy of overnight highs – current level at 591, overnight highs at 594.4 – and it is this run to....
Here's a look at what we are focusing on in the bitcoin price this morning. It is Thursday morning, and time to take a look at the bitcoin price. Specifically, let’s have a look at our price played out overnight, and attempt to interpret this action and apply it to our intraday strategy in order to attempt to draw a profit from the market during today’s morning European session. So, with that said, before we get going, take a quick look at the chart below. It is a 15 minute candlestick chart showing overnight action. The first notable point is the decline seen shortly before daybreak in....
Here's what we are focusing on in today's bitcoin price watch for the evening session on Wednesday. Also a live trade from this morning. Let’s kick things off with a chart. The chart below shows the action we saw in the bitcoin price overnight, and the action that has taken place since we published the first of our twice daily bitcoin price watch articles this morning. It’s got the framework we applied to our first analysis still overlaid, to illustrate how action has performed in relation to our expectations. Those that were with us this morning will remember we focused on the double top....