Bitcoin Price Watch: Tonight's Action in Focus

In this morning's bitcoin price watch article, we highlighted the overnight action as a potential indication that we would see some extended volatility across today's European session. We outlined the levels we were going to focus on, and suggested a few risk management parameters. Action has now matured throughout the session, and as we head into tonight's Asian session and beyond, what are we looking at in the bitcoin price going forward, and where will we look to get in and out of the markets if price action affords us the opportunity? As ever, take a glance at the chart before we get....

Here's what we are looking at for tonight's bitcoin price watch, with a focus on our standard breakout strategy against a slightly altered framework. So the European session has now come to an end in the bitcoin price, and it’s time to publish our take on what action throughout today’s session suggests about what we are looking at for tonight’s session. It has been a pretty interesting 24 hours, with action overnight kicking off the beginnings of what turned out to be a pretty large, sustained upside move – and in doing so – giving us a couple of nice opportunities to get in to the upside....

Earlier this morning, we published the first of our two bitcoin price watch pieces highlighting the downside break we saw in the markets overnight, and suggesting that - in response to the bitcoin price returning to trade within our predefined range - we would maintain the levels we had previously slated as the ones to watch for today's European session. Action has now matured throughout the session, and has been relatively lackluster from a volatility perspective. With this said, and as we head into the Asian session, here's what we are looking at tonight. Take a quick look at the chart....

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....

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....