Bitcoin Price Volatile: Here's What We're Watching!
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....
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On Friday afternoon, shortly before the markets closed in Europe for the weekend, we published our twice-daily bitcoin price watch piece. In the piece we highlighted the levels that we would be watching throughout the weekend, and suggested how we might respond to the bitcoin price reaching or breaking these levels as far as getting in according to our intraday scalp strategy was concerned. Now action has matured over the weekend, what are the levels that we are watching as we head into a fresh week of trading? Further, did we manage to get in and out of the market according to our....
Once again we have seen some pretty volatile action in the bitcoin price during the Asian session. Having declined throughout yesterday evening, from highs around 241.63 on the day, we reach 237.10 shortly before midnight. However, we quickly bounced from this level, and are currently trading around 240 flat - just shy of yesterday's highs at 241.63. The hope here is that we can get some further volatility during today's European session, and draw a profit from our intraday strategy as we head into the weekend. So, with this said, what are the levels that we are watching in today's bitcoin....
At the end of last week, we reported that we had seen quite a lot of volatility in the bitcoin price, and that - as a result - we were switching our strategy from an intra-range to a breakout. Over the weekend, we've seen more of this volatility, and as such our strategy going into today's session is unchanged. With this said, the parameters that we are looking at are slightly different from those which we were keeping an eye on on Friday. So, moving forward, what are the levels that we are watching during today's session, and where can we look to get in and out markets according to our....
Volatility, volatility, volatility. That's all we seem to talk about these days. The bitcoin price has moved more in the last few weeks than it has in the last few months, and while this has given us plenty of opportunity to draw profit from the market on our intraday strategy, we have also been chopped out on more than one occasion. This said, that's why we use stop losses, so we needn't complain. We are now heading into the final weekday session, and things are looking as if we are going to get a continuation of the action we've seen as late. So as we kick off the day, what are the....
Perhaps as a response to what's happening in Greece, action in the bitcoin price throughout the first off this week has been pretty volatile. Having seen some initial strength throughout Sunday evening and the Monday European session, Tuesday's action brought us a decline and a bounce along resistance for pretty much the entire day. However, a look at this morning's action gives us some reprieve on this decline, and we have seen what looks to be a temporary return to the upside momentum we saw at the beginning of this week. So, with this said, what of levels that we are watching as we head....