Volatility Ignites the Bitcoin Price: Some Decent Action This Week?
Action over the weekend in the bitcoin price has been pretty interesting, and it looks as though the week volatility we saw throughout the majority of last weak has abated and we have finally got some decent movement. With this said, we are still trading within a tight range, and the only real strategy available to us today according to our predefined parameters is our breakout strategy. Now, as we head into a fresh week of trading, what are the levels we are keeping an eye on the bitcoin price, and how can we get in to either a long or short position on any volatility? Take a quick look....
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Here's what we are looking at this evening in the bitcoin price out of Europe Here we are, that time of the week again. The close of the Friday session out of Europe, and as such, time for the final of our twice daily bitcoin price watch analyses for the week. All said, it’s been a pretty wild week. We’ve had a nice combination of sideways, intrarange action (from which we drew a couple of nice profits earlier on in the week by way of our intrarange strategy) and sustained volatility, again from which we managed to get some decent breakout entries. We noted this morning that the overnight....
Here are the levels to watch in today's bitcoin price in order to draw a profit from any volatility across the European session. In yesterday’s analysis, we commented on the relatively slow week we had seen in the bitcoin price last week, and noted that – in response to the little bit of volatility we saw over the weekend – we expected some decent momentum to come our way during Monday’s session. As things turned out, we did see some momentum; not quite as dramatic as we’d hoped for, but momentum nonetheless, and we managed to get in and out of the markets for a quick profit on the....
There have been a few fundamental catalysts that have added strength to bitcoin this week, and these are likely to slow down over the weekend. After a solid week of gains in the bitcoin price, we are seeing some choppy action come about as we head into the weekend. This isn’t necessarily a bad thing – the opportunity to get in on some volatility means we can pick up a decent entry – but it makes things a little more complicated than the step up approach we have been using for the past few days. There have been a few fundamental catalysts that have added strength to bitcoin this week, and....
Here's what we are focusing on in the bitcoin price the morning out of Europe, intraday. Well, we’re here again – the final day’s trading in a what has been a pretty volatile week in the bitcoin price. Action across the last few days has given us plenty to discuss, and some decent momentum has given us plenty to pick up profits from. Whether this will continue for today’s session remains to be seen – we know that overnight action certainly implies some volatility (and with it, an upside bias), but of course, this means little in this space. Things could quickly reverse on an alteration of....
Here's what we are looking to trade in the bitcoin price on Monday morning. It’s been a few weeks since we were last able to use our intrarange strategy effectively, but as we kick off this fresh week in the bitcoin price, we may finally have an opportunity to do so. Price over the weekend turned out to be pretty volatile, and this volatility has opened up a decent sized range for us to take a look at. Of course, we’ll also be bringing our breakout strategy to the table, in the hope that we get a breakout on the back of any intrarange volatility. So, with this in mind, what did action over....