Bitcoin Price Strategy: IntraRange in Action
We've been trading a relatively tight range as late, scalping the bitcoin price markets to draw small, few dollar profits on breakout volatility. Our twice daily approach (covering the European session and the Asian session respectively) has served us well, but today we are switching things up a bit. We are mid way through the European session, and are looking at something slightly different. We are still sticking with our intraday chart, but we are going to widen things out a little and see if we can bring our intra-range strategy into play mid session (and heading into this evening). A....
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Here's what we are looking to trade in the bitcoin price on Monday morning. It’s been a few weeks since we were last able to use our intrarange strategy effectively, but as we kick off this fresh week in the bitcoin price, we may finally have an opportunity to do so. Price over the weekend turned out to be pretty volatile, and this volatility has opened up a decent sized range for us to take a look at. Of course, we’ll also be bringing our breakout strategy to the table, in the hope that we get a breakout on the back of any intrarange volatility. So, with this in mind, what did action over....
Here's a look at what we are focusing on in the bitcoin price this evening. This morning we noted that action in the bitcoin price was perfect for going at the markets with an intrarange, intraday strategy. We discussed the fact that price seemed to have held pretty flat between two key levels for the last few days, and that by going after these two levels on a bounce/correction strategy might be our best option. As it turns out, we were right. Action has now matured throughout the day, and we managed to get in and out of the markets a couple of times for an intrarange profit based on our....
Here's what we are looking at for today's bitcoin price intraday strategy. Breakout and intrarange included. To say action overnight had been erratic would be an understatement. The chart we are using for today’s analysis doesn’t represent the erraticism perfectly, as it’s a contracted version, but the up and down volatility across the board in the bitcoin price was there nonetheless. We didn’t see too much sustained directional movement. But within a pretty tight range the bitcoin price jumped around, never really offering us any real entries (even on the tightened scalp platform we....
Here's what we are looking at in the bitcoin price this evening, breakout and intrarange. It’s been a pretty slow day in the bitcoin price space, and this has weighed on our ability to get into the markets. We had a pretty volatile end to last week, and some decent action over the weekend allowed us to draw some profit from a few positions, but the current action looks to be representative of the start of the week slumps we’ve seen across the last couple of months – range bound, no real breakouts, and when we do see a breakout, it doesn’t result in any sort of sustained momentum we can....
Here's a look at what we are focusing on in the bitcoin price this evening In this morning’s analysis, we noted that the action we have seen in the bitcoin price over the last few weeks has been incredibly volatile. We pointed out that this volatility could make trading difficult going forward, unless price settled down a bit, and consolidated somewhat. We also highlighted the fact that action overnight last night suggested that this consolidation might be just around the corner, and – if it was – we might have an opportunity to take a breather and try and bring our intrarange strategy in....