Bitcoin Price Rockets: Here's What We're Watching Now
In this morning's bitcoin price watch piece we welcomed a return to our intraday strategy, and outlined the levels that we would be keeping an eye on during the European session on Tuesday. We suggested that - if we got a break of in term support - we could see a continuation of the recent volatility and the overarching bullish momentum we have seen throughout the latter half of last week and over the weekend. The bitcoin price action has now matured throughout the day, and we did in fact see the action we were hoping for. A break through in term support put us long towards an immediate....
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Earlier on this morning, shortly before the markets opened in the UK, we published our twice-daily bitcoin price watch piece. In the piece we highlighted the levels that we would be keeping an eye on in the bitcoin price during today's session, and suggested how we might respond to price reaching or breaking these levels as far as getting in on a potential breakout was concerned. Action today has certainly validated our breakout strategy, and we have had a number of opportunities to get in and out of the markets according to our predefined targets. With this said, what are the levels that....
Yesterday afternoon, we published our twice-daily bitcoin price watch piece, highlighting the levels that we had been watching during today's session, and suggesting a couple of key levels that we will be keeping an eye on as we entered into Thursday evening and beyond. Now action has matured overnight, and Though we have not seen considerable movement in the bitcoin price, our key levels have changed from those we were watching last night. With this said, what are we watching now, and how can we play price action as we head into the European Friday morning session? Take a quick look at....
In this morning's bitcoin price watch piece, we highlighted the levels that we would be watching during today's European session, and suggested how we would respond to price reaching or breaking these levels as far as getting in according to our intraday strategy was concerned. We pointed out in particular that we had seen some volatility throughout Thursday evening's European close, and as we entered into the Asian session, and suggested that we would love this volatility to continue and allow us to get in and out of the markets according to our breakout strategy if it did. Now action has....
It seems that every day over the past couple of weeks we have seen strength in the bitcoin price. When we spiked down through the $200 mark at the end of August, it looked as though bitcoin was in for a tough final quarter - how quickly things change. A look at the daily chart reveals just two days of decline from the last 19 days of action, and we are now trading just shy of 2015 highs. One more push up and we could carve out fresh highs - something that in itself could translate to some further upside momentum going forward. So, with this said, let's take a look at the levels we are....