Bitcoin Price - an Intraday Look at the Day's Action
A little earlier on today, shortly before the opening of the European session, we published our latest bitcoin price technical analysis piece highlighting action overnight and suggesting the levels around which would watch price action in order to infer a bias throughout the day. Now price has matured, what has action told us about the likely future direction of the bitcoin price as we head into the US afternoon session, and what can we infer from action around particular levels? Take a quick look at the chart. As you see, having reached highs of 216.95 earlier this morning, the bitcoin....
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A little earlier on this morning we published a piece highlighting the action in the bitcoin price on Tuesday evening and throughout Tuesday night, and offered up some suggestions as to the levels we will be keeping an eye on during Wednesday's session in order to help us form an intraday bias throughout European business hours. Action has now matured throughout the day, and it looks as though - for now at least - BTCUSD has found a temporary floor. With this said, what are the levels we are watching as we head into the US afternoon session and beyond? Take a quick look at the chart. While....
Here's what we are focusing on this week for our intraday strategy in the bitcoin price. It’s Monday morning, and we have got a fresh week of trading ahead of us in the bitcoin price. Last week gave us plenty to discuss, with volatility carrying price through to fresh highs on a number of occasions, but action over the weekend has settled down a little bit. From reaching highs of nearly 780 on Saturday night, price corrected to an intraday close at around 730, and has since traded sideways to current levels. So, with this said, and as we head into today’s European session, where are we....
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