Bitcoin Price Intraday Overview for Thursday
A little earlier on today we published a piece highlighting the action in the bitcoin price on Thursday evening, and noted that - despite the recent decline - there may be room for a temporary bullish bias during the European session. We offered up the levels we watching, and suggested that - if price reached these levels, we would use them as a bias inference. Now action has matured throughout the European session, and we are heading into the US afternoon, what are the levels we are looking at in the bitcoin price? Take a quick look at the chart. As you see, the levels we are looking at....
Related News
On Thursday evening, shortly before the markets closed in Europe, we published our twice-daily bitcoin price watch piece. In the piece, we highlighted levels that we were watching throughout the Asian session on Thursday evening, and suggested how we would get in and out markets according to our intraday breakout strategy if we reached broke the levels that we were keeping an eye on. Now action has matured overnight, and the bitcoin price has carved out fresh set of key levels to watch. With this said, what of levels that we are watching today, and how might we get in and out of the....
It seems the bitcoin price is determined to give away some of the gains we saw in July, this month. We have noted 285 as a key resistance level a number of times this week already, and - having reached it and corrected from it two or three times on Monday/Tuesday, it now looks like we are in for some downside momentum before we reach it again. The bitcoin price declined throughout the majority of yesterday's session, and looks to have declined throughout the Asian session on Wednesday evening, so, as we head into Thursday, are overarching bias must be to the downside. With this said, what....
Here are the levels in focus for this morning's session in the bitcoin price, and a look at where we are getting in and out of the markets on any volatility. It is Thursday morning, and time to take the first of our twice daily looks at the bitcoin price. Things have been pretty active over the last few days, and this has given us plenty of opportunity to get in and out of the markets according to our intraday strategy. Overnight, we got a pretty decent breakout, and scalped a few dollars off the top of the market. This has caused two things to happen. First, we are net up on the market....
In this morning's bitcoin price watch piece, we highlighted the levels that we would be watching during today's European session, and suggested how we would respond to price reaching or breaking these levels as far as getting in according to our intraday strategy was concerned. We pointed out in particular that we had seen some volatility throughout Thursday evening's European close, and as we entered into the Asian session, and suggested that we would love this volatility to continue and allow us to get in and out of the markets according to our breakout strategy if it did. Now action has....
Here's what we are looking at in the bitcoin price for today's European morning session. Breakout is on if we get any volatility, intrarange is sidelined for now. From a volatility perspective, it’s been a pretty dull week in the bitcoin price – at least, that is, on the intraday charts. We’ve been forced to tighten up our parameters on more than one occasion with the goal of drawing intraday scalp profits from the tightest of action, and it’s worked, but without large lot volume, only small profits are available with this sort of approach. We are now heading into the Thursday European....