Bitcoin Price Watch: Strategy Redefined
Action has been pretty tight in the bitcoin price over the last week or so, and - despite a certain amount of volatility - getting in and out of the markets according to our intraday breakout strategy has been pretty difficult. There have been number of opportunities, but we have also been stopped out on occasion, and - as we head into the latter half of the week - the bitcoin price doesn't look like it's going to move too far in either direction - at least not on its own (we may see some fundamental driver inject some volatility, but as yet we cannot count for it). So, with this said, for....
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Here's what we are looking to trade on any volatility in the bitcoin price on an intraday basis this evening. In this morning’s bitcoin price watch piece, we looked at the action we had seen overnight in the bitcoin price, and suggested that we might be looking at a sustained move for today’s session. The range we outlined was pretty tight, though concurrently wide enough for us to bring both our intrarange and breakout strategies to the table. Action throughout this morning was pretty tight, until we spiked just now, and this has redefined tonight’s parameters. Take a look at the chart....
Here is our slightly altered (but hopefully just as effective) bitcoin price watch intraday strategy for Friday's European session. Those who have followed along with our bitcoin price watch pieces over the last few weeks will have noticed a common thread running through our strategy. We’ve been defining relatively tight ranges and skipping in and out of the markets with these ranges on breakout scalp trades. It’s been somewhat effective but there have been some pretty frustrating periods through which we’ve had to sit and stay net flat in the markets. Well, to mix things up a little....
So they were going to do something little bit different in our twice-daily bitcoin price watch piece. Over the past week we have pointed out that action in the bitcoin price has been relatively muted, and that it has not been enough to get us in or out of the markets according to our breakout strategy. Even tighter action scalp strategy has failed to really generate any market action, and so during today's session, we will focus solely on our intra-range strategy. Overnight, we did see some old and down movement during the Asian session, and so there is a chance that - by focusing on the....
Late yesterday evening, we published our twice-daily bitcoin price watch piece. In the piece, we highlighted the levels that we were watching throughout the Asian session on Wednesday evening, and suggested how we would respond to price reaching these levels as far as getting in according to our intraday bitcoin price watch strategy was concerned. Now action has matured overnight, what are the levels that we are keeping an eye on in the bitcoin price today, and is there further profit to be drawn from either our intraday breakout strategy or our scalping strategy or an intra-range method?....
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....