Bitcoin Price Down: Here's What We're Watching Tonight

So earlier this morning we published our twice daily bitcoin price watch piece. In the article we noted that - as a result of all the volatility we have seen over the last few weeks - we would look to implement our breakout strategy on any break of our predefined key levels. Action has now matured throughout the day, and as we head into tonight and the Asian session, what are the levels we are watching in the bitcoin price now, and how did our strategy fare today? Take a quick look at the chart below. As the chart shows, action from today's session has been pretty flat compared to that of....

For the last few weeks or so, we have been watching the bitcoin price to try and get in and out of the markets according to our intraday breakout strategy. For a variety of reasons, action in the bitcoin price has been relatively muted, and this has made it very difficult for us to execute our strategy effectively. Without sharp and considerable movements in either direction, we were regularly chopped out of our entries. Luckily, we used quite a tight stop loss on the majority of our trafes, and so the losses we took on these losers was not enough to render our account untradeable.....

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....

In this morning's twice-daily bitcoin price watch piece, we suggested the levels that we would be watching throughout the afternoon, and pointed out that - if we didn't get much volatility, we could implement an intra-range strategy in place of our standard intraday trading. Action has now matured throughout Monday's European session, and as we head into a fresh Asian session, did we manage to get in and out of the markets today, and if not, where will we look to trade this evening? Take a quick look at the chart. As you can see, today's bitcoin price action was relatively mute. We are....

A little earlier on today, in our morning bitcoin price watch piece, we noted that the overarching momentum in the bitcoin price was to the downside, and that we would incorporate this into our intraday breakout strategy as we headed into a fresh week's trading today. Action has now matured, and we have seen a continuation of the trend, as expected. However, pre-decline, we got a little bit of upside momentum, and this put us in a long entry according to our predefined entry levels (outlined earlier here). Unfortunately, we were quickly taken out of the trade, as price reversed to trade....