Bitcoin Price Choppy: Volatility Abound?
In yesterday's bitcoin price watch piece, we suggested that - as a result of the action we had seen during today's session, we would be looking to enter on any volatility during the Asian session to try and take advantage of any movement. Fundamentally, things are all over the place at the moment. Global economies were relying on US monetary policy to maintain some level of order, but with Janet Yellen holding interest rates at zero the US central bank has essentially lost control of its hold over inflation. This said, however, our intra-range strategy helps us to draw profit regardless of....
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Here's a look at what we are focusing on in the bitcoin price this morning. Tuesday’s here, and as things turned out, we had a pretty interesting night’s worth of trading in the bitcoin price last night. Not because price moved considerably, or anything like that, but because we got some choppy action that fell in line with our breakout levels. Normally, choppy action is a real pain. It gets us into trades and then ends up taking them out again almost right away. That’s what stop losses are for, and it’s a pain but something we just have to accept. However, last night’s choppy action fell....
Here's what we are looking at in the bitcoin price this morning. So we are now closing in on the end of the week, and we’ve managed to eek out a couple of good entries, and, in turn, a couple of nice profits on action in the bitcoin price. Things haven’t been exactly at we’d have liked, however. Action has been a little flat, and when we don’t get much volatility, it translates to some difficult trading conditions. Specifically, we often see lots of choppy action, and this choppy action makes it tough to place risk parameters without being overly lenient in an attempt to avoid a chop out....
Shortly before the markets opened in Europe this morning, we published our twice-daily bitcoin price watch piece here on NewsBTC. In the piece, we suggested that - with the recent volatility we had seen in the bitcoin price over the weekend - we could benefit from adapting our traditional intraday breakout strategy to take advantage of an intra-range entry, as defined by both in term support and resistance. We also highlighted the potential for a breakout entry, and suggested that - according to the same levels we were watching for our intra-range entries - we could get long or short if we....
Here's a look at what we are focusing on in the bitcoin price this morning. To all our American readers, let’s kick things off with a Happy Thanksgiving! I’m guessing volume is probably going to be down a little bit throughout the session today, with the major financials markets shut down across the US, and the early finish tomorrow on the stocks exchanges, but that doesn’t necessarily mean we won’t get any volatility. Sometimes as a result of the low volume we get choppy action, which might make today’s trading a little difficult, but if we set up with some relatively wide stops, and go....
Here's a look at what we are focusing on in the bitcoin price this evening. So the weekend has pretty much arrived, but we’ve still got the close of the US session ahead of us, and an evening’s worth of trading to see if we can close out the week on top of the market. It’s been a pretty rough week, and the markets have been pretty volatile. Normally, this volatility is welcome – it gives us the chance to get in and out on breakout positions. This week, however, it’s been choppy, unsustained volatility. This meant we got chopped out of our trades on a number of occasions – price broke our....