Bitcoin Price Steady, Intra-Range Strategy Now on
As we mentioned in our last few bitcoin price watch analysis piece's, action over the past couple of days has been relatively muted. We have seen something of a stabilization following the volatility that we saw at the beginning of the week, and this has presented us with relatively few trading opportunities - at least as far as our scalp strategy is concerned. With this said, there is still an element of intra-range strategy that we can incorporate if things remain as are. So, as we head into Thursday evening, what are the levels we are keeping an eye on in the bitcoin price now, and how....
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So for the past day or so we have been experimenting with a wider than normal range in the bitcoin price, with the goal of bringing our intra range strategy into play. Last night we got some pretty solid upside momentum, and saw this intra range play validated with a profit hit on our long trade during the Asian session. Action has now consolidated somewhat, and for today's session we are looking at bringing our breakout strategy back into play. As such, we are tightening up our range, and looking at some predefined key levels to give us our entry and exit points. Here's what we are....
In our intraday bitcoin trading over the last few weeks, we have outlined our ranges as being pretty tight. However, over the last few days, despite a few swift moves during the Asian sessios, the bitcoin price has remained pretty restricted within a five or six dollars range. As a result, we are going to tighten things up a little bit during this evening session, and try and bring an intra-range strategy into play. With this said, take a look at the chart below, and get an idea of the key levels we are watching as we head into tonight's Asian session. As you see, in term support sits at....
So they were going to do something little bit different in our twice-daily bitcoin price watch piece. Over the past week we have pointed out that action in the bitcoin price has been relatively muted, and that it has not been enough to get us in or out of the markets according to our breakout strategy. Even tighter action scalp strategy has failed to really generate any market action, and so during today's session, we will focus solely on our intra-range strategy. Overnight, we did see some old and down movement during the Asian session, and so there is a chance that - by focusing on the....
In this morning's bitcoin price watch piece, we pointed out that - due to a relative tightness of volatility across markets - we would press forward with our intra-range strategy and, in the event that any fundamental drivers gave us some momentum, look to enter on our breakout strategy only in this situation. Action has now matured throughout the day, and we have not really seen much movement in the bitcoin price, so, with this said, what are the levels that we are keeping an eye out for this evening, and where will we look to enter if we do get some movement? Take a quick look at the....
Earlier this morning we published our twice daily bitcoin price watch piece. In the article, we highlighted the levels that we would be watching in the bitcoin price throughout Monday's European session, and suggested where we would look to get in and out of the markets according to our intra-range and breakout strategies. Action has now matured throughout the session, and - as we head into the Asian session on Monday evening - what are we looking for from the bitcoin price now? Take a quick look at the chart. As the chart shows, action today has been relatively tight, and - aside from....