Bitcoin Price Higher In Choppy Trade

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....

Here's a look at what we are focusing on in the bitcoin price this evening. Ok, so here’s the plan for this evening. The bitcoin price has been pretty steady all day, albeit with a slight downside trend, so we’re going to approach this evening’s market with a little bit of caution. Not because we think we’ll see too much action, but because in the face of the recent volume spikes that came about last week, we may be in for some choppy price movement. We don’t really need to alter our strategy or anything like that, just make sure that we’ve got some well defined risk management levels in....

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 a look at what we are focusing on in the bitcoin price this evening. The European session has now drawn to a close, and it’s time to take a look at the action we saw in the bitcoin price throughout the day, and see if we can use that action to put together a strategy for this evening out of the US, and beyond, into Asia. Once again, it’s been a pretty tough day. Last night we noted that we got taken out on choppy action by a stop loss hit on a short position. It wasn’t a crippling loss (that’s why our stops are in place, after all) but it was a bit frustrating as we are now net down....

Overnight action in the Bitcoin price has been pretty choppy. Having outlined our predefined range yesterday evening, we were hoping to be able to draw a profit from our intrarange strategy. We did reach support at the turn of the night, but broke through it ever so slightly to log a close below. This put us in a short breakout trade that, unfortunately, got stopped out an hour or so after entry. We are currently trading midrange on a slightly tightened range (which we will outline shortly), and plan to bring both our intra and our breakout strategy into play for today's bitcoin price....