Bitcoin Price Watch: Here's Today's Strategy
Staying on top of the bitcoin price over the last couple of weeks has been a tough task. While there have been some defined movements, they have primarily come during the Asian session, and often been short and pronounced. During the European session, conversely, we have seen pretty flat action - with the bitcoin price primarily ranging between tight parameters. With this said, we have still managed to get in and out of a number of trades, and so long as we continue to employ our intraday strategies will no doubt draw profit from the market. So, as we head into a fresh day's European....
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So they were going to do something little bit different in our twice-daily bitcoin price watch piece. Over the past week we have pointed out that action in the bitcoin price has been relatively muted, and that it has not been enough to get us in or out of the markets according to our breakout strategy. Even tighter action scalp strategy has failed to really generate any market action, and so during today's session, we will focus solely on our intra-range strategy. Overnight, we did see some old and down movement during the Asian session, and so there is a chance that - by focusing on the....
Earlier this morning we published our twice-daily bitcoin price watch piece. In the piece, we discussed how bitcoin had traded sideways for the majority of the week, and we suggested that it might be worth incorporating a range bound strategy to take advantage of this sideways movement. Now action has matured throughout today's session, and as we head into the weekend, what are the levels that we are keeping an eye on the bitcoin price, and is a range bound strategy still appropriate? Take a quick look at the chart. As the chart shows, we have remained within the range that we had slated....
Here is our slightly altered (but hopefully just as effective) bitcoin price watch intraday strategy for Friday's European session. Those who have followed along with our bitcoin price watch pieces over the last few weeks will have noticed a common thread running through our strategy. We’ve been defining relatively tight ranges and skipping in and out of the markets with these ranges on breakout scalp trades. It’s been somewhat effective but there have been some pretty frustrating periods through which we’ve had to sit and stay net flat in the markets. Well, to mix things up a little....
In this morning's bitcoin price watch piece, we noted the levels that we would be looking at for today's session. We slated quite a wide range (about $10 versus our standard $4-6) meaning we could bring our intrarange strategy into play, in combination with our standard breakout strategy. The European session has now matured, and as we head into a fresh Asian session this evening, what are we looking at and how did today's strategy play out? Take a quick look at the chart. As you can see, we have slightly altered today's range to accommodate the bitcoin price action seen during Europe. We....
Late yesterday evening, shortly after the markets closed in Europe, we published our twice daily bitcoin price watch piece. The thesis of the analysis was rooted in our breakout strategy - essentially we would be keeping an eye on a few key levels throughout the Asian session, in the hope that we could take advantage of the volatility we have seen over the last week or so and scalp a few dollars on the bitcoin price. As we head into a fresh European session today, our strategy remains fundamentally unchanged, although action overnight has given way to a few new levels to watch. So, with....