Bitcoin Price Rockets: Upside Bias Prevails
Earlier this morning, shortly before the markets opened in the UK, we published our twice-daily bitcoin price watch analysis piece. In the piece we highlighted a number of the key levels that we were keeping an eye on, and suggested how we might react to price reaching or breaching these levels as far as entering a position is concerned. Now action has matured throughout the day on Monday, what are we looking at in the bitcoin price on Monday evening, and how can we implement our strategy heading forward? Take a quick look at the chart. As the chart shows, we've had some quite volatile....
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Shortly before the markets opened this morning for the European session, we published a piece highlighting action in the bitcoin price during the US afternoon the previous day and overnight on Wednesday. Action has now matured throughout the European session, and we have seen a large amount of volatility throughout the day. This said, what are our analysts looking at now, and what levels will we be watching as we head into the US afternoon and throughout Thursday night in order to offer up our intraday bias? Take a quick look at the chart. Earlier this morning, we covered the sharp decline....
In this morning's bitcoin price we highlighted the levels that we were going to keep an eye on throughout today; s session, and suggested where we would be looking to get in and out of the market according to our intraday strategy if we get any volatility. Action has now matured throughout the day and as we head into a fresh Asian session, what are the levels that we are keeping an eye on, did the levels we slated this morning hold firm or did we get a break out, and where will we be looking to enter the markets according to our intraday strategy this evening? Take a look at the chart. As....
Yesterday afternoon, shortly after the European session closed, we published a piece outlining the day's action in the bitcoin price on an intraday basis. The piece highlighted the possibility of some bullish momentum as we headed into the US afternoon, and slated 274-275 as an initial upside target. A quick look at the chart of action since this piece was published vindicates the bias, with price racing out of the confines of a downward sloping channel shortly after 9 PM GMT and jumping through our target to trade just ahead of 280 flat. Action since this rise has seen the bitcoin price....