Bitcoin Price Watch - Range Action Holds Firm
Early this morning, shortly before the markets opened in the UK, we published our twice-daily bitcoin price watch piece. In the piece, we commented on the overarching bullish momentum we saw throughout the Monday evening session, and suggested that today's strategy might involve a couple of tight target-tight stop entries for an aggressive profit-taking position. Action throughout the day has now matured, so what did it bring, and what are the levels we're keeping an eye on this evening to help form our intraday bias at European session close? Take a quick look at the chart. As you can see....
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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....
In this morning's bitcoin price watch piece, we highlighted a few of the levels we were keeping an eye on as, and suggested how we would react to price reaching these levels as far as entering a trade was concerned. Now price action has matured throughout the European session, what are we looking at in the bitcoin price as we head into the weekend? Take a quick look at the chart. As the chart shows, very little has happened since this morning as far as price action is concerned. Our range holds, with 235.10 now acting as in term support and 239.68 - yesterday's high - offering us a....
In this morning's bitcoin price watch piece, we highlighted the levels that we would be looking to take advantage of as action matured throughout Wednesday's session in the bitcoin market. In it we defined our range, and suggested that - contrary to our recent combination of both an intra-range and breakouts strategy - we would focus purely on the breakout side of things and look to enter long or short on a breaching of either support or resistance to the downside and upside respectively. Action has now matured throughout the day, and we are pretty much trading around the same levels as we....
This morning we suggested that - as a result of the action we had seen in the bitcoin price over the weekend - we may finally get some movement during today's European session. Action has now matured, and as it turned out, we have pretty much just ranged sideways between the two levels we had slated as today's ones to watch. As we head into an Asian session this evening, do these levels still hold, and which of our two primary strategies will we be looking to use in order to get in and out of the markets accordingly? Take a quick look at the chart. As you see, 238.44 remains as in term....
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....