Bitcoin Price Volatile: Opportunity Today
At the end of last week, we reported that we had seen quite a lot of volatility in the bitcoin price, and that - as a result - we were switching our strategy from an intra-range to a breakout. Over the weekend, we've seen more of this volatility, and as such our strategy going into today's session is unchanged. With this said, the parameters that we are looking at are slightly different from those which we were keeping an eye on on Friday. So, moving forward, what are the levels that we are watching during today's session, and where can we look to get in and out markets according to our....
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Once again we have seen some pretty volatile action in the bitcoin price during the Asian session. Having declined throughout yesterday evening, from highs around 241.63 on the day, we reach 237.10 shortly before midnight. However, we quickly bounced from this level, and are currently trading around 240 flat - just shy of yesterday's highs at 241.63. The hope here is that we can get some further volatility during today's European session, and draw a profit from our intraday strategy as we head into the weekend. So, with this said, what are the levels that we are watching in today's bitcoin....
Here's a look at what we are focusing on in the bitcoin price this morning. We are heading in to the close of the week, and it’s time to take a penultimate look at the bitcoin price. Things have been pretty volatile for the last few days, and we’ve had the opportunity to get in and out of the markets on a number of occasions. We got another opportunity overnight, as price broke through the level we had slated as in term resistance and quickly ran up through to our target. We entered on the close above resistance, as per the rules of our intraday breakout strategy, and managed to get out....
Volatility, volatility, volatility. That's all we seem to talk about these days. The bitcoin price has moved more in the last few weeks than it has in the last few months, and while this has given us plenty of opportunity to draw profit from the market on our intraday strategy, we have also been chopped out on more than one occasion. This said, that's why we use stop losses, so we needn't complain. We are now heading into the final weekday session, and things are looking as if we are going to get a continuation of the action we've seen as late. So as we kick off the day, what are the....
Late yesterday evening we published our twice daily bitcoin price watch piece. In the article, we highlightedthe levels that we would be keeping an eye on during the Asian session on Monday night, and suggested where we would look to get in and out of the markets according to our intraday strategy. Now action has matured overenight, and as we head into a fresh European session on Tuesday, what are we looking at from a key level perspective, and where are we aiming to get in and out of the markets today to take advantage of any volatility in the bitcoin price? Take a quick look at the....
In what has been a pretty volatile week for the bitcoin price, we have managed to get in and out of the markets according to our intraday strategy on a number of occasions. However, during yesterday's action, we were chopped out by considerably despite our tight scalp parameters. As we head into a fresh European session, will get a repeat of the action we saw yesterday, or will the bitcoin price slowdown heading into the weekend? Take a quick look at the chart below. As the chart shows, the levels we are watching today are in term support at 232.49 to the downside, and in term resistance....