Bitcoin Price Watch: Resistance up Next
Earlier this morning we published our twice-daily bitcoin price watch piece. In the piece, we discussed how bitcoin had traded sideways for the majority of the week, and we suggested that it might be worth incorporating a range bound strategy to take advantage of this sideways movement. Now action has matured throughout today's session, and as we head into the weekend, what are the levels that we are keeping an eye on the bitcoin price, and is a range bound strategy still appropriate? Take a quick look at the chart. As the chart shows, we have remained within the range that we had slated....
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At the end of last week, we published our twice-daily bitcoin price watch piece. In the piece, we highlighted a few of the key levels that we would be keeping an eye on in the bitcoin price over the weekend, and suggested how we would respond to price breaking or reaching these levels as far as entering on our intraday scalp strategy was concerned. Now action has matured over the weekend and we have seen quite a lot of volatility so, with this said, what are we watching today, and how might we draw profit from the market throughout the European session? Take a quick look at the chart. As....
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....
Earlier this morning we published our twice-daily bitcoin price watch analysis piece. We highlighted the levels that we would be looking at during the European session, and suggested how we would respond to price reaching these levels. Now action has matured throughout today's session, what are the levels that we are keeping an eye on in the bitcoin price this evening, and how can we get in according to our scalp strategy and draw profit from the market? Take a look at the chart. As you can see from the chart, the levels that we were keeping an eye on this morning remain the ones to watch....
Earlier this morning we published our pre-session bitcoin price watch piece. We suggested the levels to watch in the bitcoin price throughout today's European session, and pointed out that we had finally seen some action in the bitcoin market over the weekend, and that we would be looking to draw on this volatility to get in and out of the markets today. Action has now matured, and as we head into the Asian session this evening - what are the levels that we are watching tonight, and are we looking at a range bound, or breakout strategy going forward? Let's take a look. First, consider the....
It is the end of the week, and the bitcoin price looks to have settled down somewhat having experienced quite a lot of volatility across past few days. The range that we defined yesterday morning has not yet been broken, and just as we did last night, we’re going to keep it in place – well, sort of. The chart below shows action overnight, and is representative of the last circa 24 hours of action in the bitcoin price. It’s a 15-minute candlestick chart, and it has our slightly revised range overlaid. As you can see, the range in question for this morning’s price watch analysis is defined....