Bitcoin Price Flat: Intra Range On
In this morning's bitcoin price watch piece, we highlighted the levels that we would be watching throughout today's European session. We suggested that - on the back of the volatility we have seen throughout the majority of this week - we may get some further volatility from which we could draw medium-term profits. As action has matured throughout today, it has become apparent that we will likely not see this volatility before the Asian session kicks off tonight. However, before this happens, it's worth highlighting the levels that we are watching this evening, and addressing where will be....
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As we mentioned in our last few bitcoin price watch analysis piece's, action over the past couple of days has been relatively muted. We have seen something of a stabilization following the volatility that we saw at the beginning of the week, and this has presented us with relatively few trading opportunities - at least as far as our scalp strategy is concerned. With this said, there is still an element of intra-range strategy that we can incorporate if things remain as are. So, as we head into Thursday evening, what are the levels we are keeping an eye on in the bitcoin price now, and how....
So for the past day or so we have been experimenting with a wider than normal range in the bitcoin price, with the goal of bringing our intra range strategy into play. Last night we got some pretty solid upside momentum, and saw this intra range play validated with a profit hit on our long trade during the Asian session. Action has now consolidated somewhat, and for today's session we are looking at bringing our breakout strategy back into play. As such, we are tightening up our range, and looking at some predefined key levels to give us our entry and exit points. Here's what we are....
In our intraday bitcoin trading over the last few weeks, we have outlined our ranges as being pretty tight. However, over the last few days, despite a few swift moves during the Asian sessios, the bitcoin price has remained pretty restricted within a five or six dollars range. As a result, we are going to tighten things up a little bit during this evening session, and try and bring an intra-range strategy into play. With this said, take a look at the chart below, and get an idea of the key levels we are watching as we head into tonight's Asian session. As you see, in term support sits at....
The price of bitcoin has registered another flat week with a slight decline, as it opened the week at $378.64 and closed just four dollars down at $374.26 on 7th December. The biggest intra-day swing was a one-day rally on 5th December that saw the price rise from a low of $365.68 to a high of $378.65, adding $18 over 24 hours. Trading volume, however, dropped sharply compared with last week, with just over two million coins traded across all exchanges tracked by Bitcoinity. This represented a 42% fall in traded volume compared to the previous week, which saw 3.6 million coins change....
Here's what we are looking to trade this evening in the bitcoin price on Monday. When we published the first of our twice daily bitcoin price watch pieces this morning, we noted that – based on the volatility seen in the markets over the weekend – we would be a widen our standard range link in the region of $10 or $15, and in doing so, bring both our breakout and our intra-range strategies into play. We also highlighted a triangle that had formed on the 15 minute chart, and suggested that this triangle could represent a certain level of consolidation – and in turn – signal a return to the....