Bitcoin Price Choppy: Here's What We're Watching
Shortly before the markets opened in Europe this morning, we published our twice-daily bitcoin price watch piece here on NewsBTC. In the piece, we suggested that - with the recent volatility we had seen in the bitcoin price over the weekend - we could benefit from adapting our traditional intraday breakout strategy to take advantage of an intra-range entry, as defined by both in term support and resistance. We also highlighted the potential for a breakout entry, and suggested that - according to the same levels we were watching for our intra-range entries - we could get long or short if we....
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Late yesterday evening, shortly before the markets closed in Europe, we published our twice-daily bitcoin price watch piece. In the piece, we highlighted the levels that we would be watching throughout the evening and during the Asian session, and suggested how we would get in and out of the markets according to our breakout strategy - primarily because our intra-range strategy that we incorporated during the beginning of this week was unavailable to us. Now action has matured overnight, what of levels that we are watching in the bitcoin price during today's session, which of our....
Earlier on this morning, we published the first of our twice daily bitcoin price watch analysis. In the piece, we suggested that - as a result of the width of our predefined range - we would bring both our intrarange and our standard breakout strategy in to play. Action has now matured to the close of the European session, and we are about to head into Friday evening a a fresh Asian session. Many of the markets for the more traditional financial assets close over thanksgiving and the weekend, but not bitcoin. This means we can get our strategy in line for the weekend, and attempt to pull a....
Here's a look at what we are focusing on in the bitcoin price this morning. Tuesday’s here, and as things turned out, we had a pretty interesting night’s worth of trading in the bitcoin price last night. Not because price moved considerably, or anything like that, but because we got some choppy action that fell in line with our breakout levels. Normally, choppy action is a real pain. It gets us into trades and then ends up taking them out again almost right away. That’s what stop losses are for, and it’s a pain but something we just have to accept. However, last night’s choppy action fell....
Yesterday afternoon shortly before the close of the European session, we published our twice-daily technical analysis piece in the bitcoin price. The piece highlighted a couple of key levels we will be watching as we head into the start of US afternoon, and suggested how we might interpret price reaching these levels as far as forming an overnight bias is concerned. Now action overnight has matured, what are the levels we're looking at on Wednesday, and how can we take a position on any potential volatility? Take a quick look at the chart. As the chart shows, overnight action - while....
Earlier this morning we published our twice-daily bitcoin price watch piece. In the piece, we highlighted the levels that we would be watching throughout Tuesday's European session, and suggested that - despite our use of both our breakout and intra-range strategy's overnight during the Asian session - we would switch to just a breakout strategy today. Action has now matured throughout the day, and - as we head into a fresh Asian session - did we manage to get in and out markets according to our breakout strategy, or is still stuck within the range we highlighted earlier? Further, what are....