Bitcoin Price Watch: Return to Action?
If you read this morning's twice-daily bitcoin price watch piece, will be more than aware that we address the relative inactivity in the bitcoin price we've seen throughout the last couple of weeks, and our resulting difficulty as far as getting in and out of the markets according to our intraday breakout strategy has been concerned. We've not really had enough volatility to reach our pre-slated targets, and have - as a result - we chopped out for small losses are a number of occasions. We hope that today's action would bring a return to the volatility we enjoyed over the last couple of....
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Yesterday evening we published our thoughts on the bitcoin price movement we had seen throughout the day on Tuesday in our twice-daily bitcoin price watch piece. We noted that there has been a considerable amount of upside momentum throughout the day, and that managed to enter and exit on this momentum to draw profit from the market according to our intraday scalp strategy. Now action has matured overnight, and the European session is about to kick off for a fresh day of trading, what are the levels we are keeping an eye on now, and where will be looking to enter on today's action? Take a....
In this morning's bitcoin price watch piece, we published our thoughts on the action we saw overnight in the Asian session on Tuesday. We suggested that if we got a continuation of the bearish momentum that we saw during the session, it might give us an opportunity to get in short on the back of this momentum, and draw profit from the bitcoin price during Wednesday's European action. Action has now matured throughout the day, and - while we have seen some volatility - it has not entirely been in our favor. So, with this said, what are the levels that we are keeping an eye on in the bitcoin....
Here's a look at what we are focusing on in the bitcoin price this morning. Perhaps unsurprisingly, action overnight in the bitcoin price was relatively muted. The federal holiday in the US led to a pretty soft volume level, and this eradicated any real chance of sustained momentum. We did see a couple of quick trades complete yesterday on short-term volatility, in line with our intraday scalp strategy, but nothing to write home about. Anyway, all that is behind us now. We have a fresh week (effectively) of trading this week, and the US back in full swing in a couple of hours, volume....
Early this morning we published our twice-daily bitcoin price watch piece, and highlighted the levels that we would be keeping an eye on as action matured throughout the Thursday European session. One of the things that we noted was the apparent lack of volatility we have seen over the last few days, and the tight range within which the bitcoin price had held this week. Now, as action during the European session has matured and is drawing to a close, what are we keeping an eye on? Further, what can price action during the US afternoon tells about what we may see as we head into the....
A little earlier on today, shortly before the opening of the European session, we published our latest bitcoin price technical analysis piece highlighting action overnight and suggesting the levels around which would watch price action in order to infer a bias throughout the day. Now price has matured, what has action told us about the likely future direction of the bitcoin price as we head into the US afternoon session, and what can we infer from action around particular levels? Take a quick look at the chart. As you see, having reached highs of 216.95 earlier this morning, the bitcoin....