Bitcoin Price Watch: Action Around the Corner?
With action being relatively muted over last few days, it's been tough to day trade in the markets. The bitcoin price has traded gently to the downside, having declined steeply over the weekend, but not in a fashion that has enabled us to get in and out according to either of our core strategies - intraday breakout or intra-range. For this reason, the levels that we have been keeping an eye on have remained relatively stable during the past three days. However, with this said, and as we head into a fresh European session, what are the levels we are keeping an eye on today, and do we expect....
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Here's a look at what we are focusing on in the bitcoin price this evening In this morning’s analysis, we noted that the action we have seen in the bitcoin price over the last few weeks has been incredibly volatile. We pointed out that this volatility could make trading difficult going forward, unless price settled down a bit, and consolidated somewhat. We also highlighted the fact that action overnight last night suggested that this consolidation might be just around the corner, and – if it was – we might have an opportunity to take a breather and try and bring our intrarange strategy in....
Towards the end of last week we published our twice-daily bitcoin price piece with a specific focus on how the bitcoin price had ranged relatively tightly throughout the majority of the week and that we had altered our strategy is likely to incorporate this action. Now, the BTCUSD has matured over the weekend, and we are heading into a fresh week of trading. As our strategy altered, how was action performed over the weekend, and what are the levels that we will be looking at in the bitcoin price over the coming few days? Take a quick look at the chart. As the chart shows, action over the....
The European session is drawing to a close, and it’s heading into lunch time in the US. As usual, this means it’s time for the second of our twice daily bitcoin price watch analysis pieces, so here goes. First, we will have a quick look at what action threw out today, and then we can interpret this action and use it to try and figure out how we can approach this evening’s trading. So, to kick things off, take a quick look at the chart below. It represents action seen during the last 24 or so hours. As the chart shows, volume this morning was pretty low, and price action has remained well....
Here’s what we are focusing on for this morning’s session in the bitcoin price. Well, we have come to the end of the week in the bitcoin price, and it’s time for our penultimate price watch analysis. It’s Friday morning, and a look back at action across the week so far shows a pretty flat few days, with intermittent spikes of volatility, but nothing to write home about. With any luck, as we head into this weekend, there will be some sustained momentum that we can get on the back of and ride out to a profit. This isn’t guaranteed, but those who have followed our analysis across the last few....
Here's what we are focusing on in today's bitcoin price watch for the evening session on Wednesday. Also a live trade from this morning. Let’s kick things off with a chart. The chart below shows the action we saw in the bitcoin price overnight, and the action that has taken place since we published the first of our twice daily bitcoin price watch articles this morning. It’s got the framework we applied to our first analysis still overlaid, to illustrate how action has performed in relation to our expectations. Those that were with us this morning will remember we focused on the double top....