Bitcoin Price Holds Range: Breakout for the Weekend?
Earlier this morning we published our twice-daily bitcoin price watch analysis piece. In the piece, we highlighted the levels that we would be keeping an eye on in the bitcoin price throughout Friday's European session, and suggested the response we would take to price reaching or breaking these levels as far as entering according to our intraday scalp and breakout strategy was concerned. As you will see shortly, action throughout today's session has been pretty lacklustre, and has remained to trade within the range that we outlined this morning. So, with this said, what are the levels....
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At the end of last week, we widened out our range a little bit and headed into the weekend looking to draw on our intra range strategy in order to take advantage of volatility in the bitcoin price. Action has now matured over the weekend, and as we head into a fresh European week, we are going to revert back to out standard bitcoin price breakout strategy for today's session. So, with this said, here are the levels we are keeping an eye on today, alongside our predefined risk management parameters for the session. Take a quick look at the chart to get an idea of where we are heading. As....
In this morning's bitcoin price watch piece, we highlighted the levels that we would be watching throughout today's European session, and suggested how we would respond to the bitcoin price reaching these levels as far as getting in and out of the bitcoin market was concerned according to our intraday breakout strategy. Today's European session has now drawn to a close, and - as we head into the weekend - we expect to see some further volatility. Perhaps not quite as much as we saw last weekend, primarily as a result of the lack of fundamental drivers expected this weekend, but still....
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....
In this morning's bitcoin price watch piece, we highlighted a few of the levels we were keeping an eye on as, and suggested how we would react to price reaching these levels as far as entering a trade was concerned. Now price action has matured throughout the European session, what are we looking at in the bitcoin price as we head into the weekend? Take a quick look at the chart. As the chart shows, very little has happened since this morning as far as price action is concerned. Our range holds, with 235.10 now acting as in term support and 239.68 - yesterday's high - offering us a....
Here's what we are focusing on this morning in the bitcoin price. In last night’s bitcoin price watch analysis piece, we highlighted a range that was quite a lot wider than those we have looked at across the last few weeks. This was in response to the volatility we saw over the weekend, and the opportunity this afforded us for an intra-range approach, rather than just our standard breakout strategy. Overnight, action didn’t mimic the volatility that we saw on Sunday, and pretty much just trended within the range we had predefined. Admittedly, it was a wide range, so it was optimistic to....