Bitcoin Price Range Widens: Intra range in play
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....
Related News
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....
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....
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....
Here's a look at what we are focusing on in the bitcoin price this evening. That’s another day out of the way in Europe, and despite what we said we’d be hoping for heading in to the session early morning, thing’s haven’t worked out that well. The bitcoin price seems to be stuck in a sort of sideways trading pattern right now, and it’s not even trading sideways at or near a key psychological level (say, a 00s). This means that we’re essentially stuck in a loop of up down, range bound action, until something happens to initiate a breakout. This something is almost always fundamental, and....
Yesterday afternoon, we published our twice-daily bitcoin price watch piece. In the piece, we highlighted the levels that we would be looking at around evening during the Asian session, and suggested that - as a result of the widening of our regular parameters - we could probably get in and out of the markets according to our intra-range strategy. Action has now matured overnight, and - as we head into a fresh European session - what of levels that we are keeping an eye on in the bitcoin price today, and how can we try and draw profit from the market on the back of these parameters? Take a....