Bitcoin Price Down: Here's What We're Watching
The bitcoin price has struggled over the last couple of days, as we have seen a number of sharp breaks of support translate to some downside momentum. However, today, following yesterday's break, action has ranged throughout the majority of the day, and we are now trading just shy of a key level that - if broken - could spark a reversal and finally give us some bullish action in the bitcoin price this evening. That said, if current levels hold, it is likely that overnight we will see a return to the overarching bearish momentum. So, what are the levels that we are keeping an eye on in the....
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Yesterday afternoon, we published our twice-daily bitcoin price watch piece, highlighting the levels that we had been watching during today's session, and suggesting a couple of key levels that we will be keeping an eye on as we entered into Thursday evening and beyond. Now action has matured overnight, and Though we have not seen considerable movement in the bitcoin price, our key levels have changed from those we were watching last night. With this said, what are we watching now, and how can we play price action as we head into the European Friday morning session? Take a quick look at....
For the last few weeks or so, we have been watching the bitcoin price to try and get in and out of the markets according to our intraday breakout strategy. For a variety of reasons, action in the bitcoin price has been relatively muted, and this has made it very difficult for us to execute our strategy effectively. Without sharp and considerable movements in either direction, we were regularly chopped out of our entries. Luckily, we used quite a tight stop loss on the majority of our trafes, and so the losses we took on these losers was not enough to render our account untradeable.....
Late yesterday evening, shortly before the markets closed in Europe, we published our twice-daily bitcoin price watch piece. In the piece, we highlighted the levels that we would be watching throughout the evening and during the Asian session, and suggested how we would get in and out of the markets according to our breakout strategy - primarily because our intra-range strategy that we incorporated during the beginning of this week was unavailable to us. Now action has matured overnight, what of levels that we are watching in the bitcoin price during today's session, which of our....
Late yesterday evening, we published our twice-daily bitcoin price watch analysis piece. In the piece, we highlighted a few of the key levels we would be watching throughout Thursday evening, and suggested some of the potential entry points and target points in the bitcoin price overnight. Now action has matured throughout Thursday evening, we are about to enter a fresh European session. With this said, what are the levels that we are watching during this European session, and how can we take advantage of any volatility in the bitcoin price over the weekend? Take a quick look at the chart.....
Once again, we enter a fresh weeks' trading in the bitcoin market. Its been a strange few weeks, and with all the volatility we have experienced, it would be easy to say lets just sit out of today's action and wait until things settle down a bit. No fun in that, however. Volatility brings breakouts, and breakouts bring us entry signals. It might be getting difficult to form a directional bias, but that doesn't mean we cant predefine our levels and let price action dictate our entries. So, with this said, and as we head into today's European session, what are the levels we are watching in....