Bitcoin Price Holds: What we're looking at tonight
In this morning's bitcoin price watch piece, we published our thoughts on how the situation in Greece was unfolding, and how it would in turn affect the bitcoin price going forward. We suggested that - from the swift decline we saw from yesterday's highs - we might see a correction and some upside momentum return us to around the 300 mark and - perhaps - beyond. However, during today's session, we have seen some pretty flat action. While we did get something of a correction from this level, we have failed really to move that much, and we currently trade well within the range we slated this....
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Its been a bit of an odd day in the bitcoin price markets. Having initially kicked off the European session with some interim gains, the bitcoin price reversed pretty sharply from intraday highs and collapsed to reach lows just shy of where things currently sit. This has two implications for tonight's session. The first, that we have a nicely defined intraday range that gives us something solid to trade throughout Asia. The second, that in spite of this range, its going to be difficult to form a central bias - at least near term. Without any consistency in overarching momentum, we are....
Here's what we are looking at in the bitcoin price this afternoon, and beyond in to the Asian session tonight. Earlier this morning, we published the first of our twice daily bitcoin price analyses. We forecasted that, in light of the sideways action we had seen during the twenty-four hours directly preceding our snapshot, we could see either the bulls or the bears take control of the intraday swing, and in turn, some decent volatility from which we could draw a profit under the framework of our breakout strategy. Action has now matured throughout the day, and we are about to head into the....
Here's a look at what we are focusing on in the bitcoin price this evening. So that’s another day done, and once again it’s been a pretty busy one. We’ve tried to take advantage of some of the smaller price movements in the bitcoin price over the last few days, and to some extent, it’s worked. There have been a few hiccups, but by focusing on near term targets and avoiding our intrarange strategy, we’ve been able to get what we want out of the markets without having to put too much back in. Tonight, we’re looking to continue this trend. Things have been up and down, but we’re seeing some....
So this morning we published our twice daily bitcoin price watch piece, highlighting the levels that we would be looking at during Monday's European session. Action has now matured throughout the day, and as we head into a fresh Asian session this evening, what are the levels we are watching in tonight's bitcoin price market, and where will we look to get in and out according to our intraday strategy. Further, how did today's strategy fare? Did we manage to get into a trade, or has action kept us out of the markets? Let's take a look. First - have a glance at the chart below to get an idea....
In this morning's bitcoin price watch piece 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 got any volatility. Action has now matured throughout the day and - despite the steep decline in the bitcoin price over the weekend - seems to have stabilised little bit throughout the European session. However, this being said, the current action may simply be a correction, and we could be set for further downside momentum this evening. So,....