Bitcoin Price Profit Hit: Next Trade On
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....
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Here's a look at what we are focusing on in the bitcoin price this morning. We’ve been saying for a while now that the breaking of the 800 level would likely bring about some pretty strong upside momentum. We got into a trade on the break to back up this assumption, but thought that the Christmas break may temporarily delay the coming of this trade to fruition. As it turns out, it’s not. The trade is now complete, and the bitcoin price is very much in full swing. We took a nice profit on the primary trade, and we got into a secondary trade early evening on the run. Again, we took a profit....
A little earlier on this morning, we published our twice-daily bitcoin price watch analysis piece. In the piece, we highlighted the levels that we would be watching throughout Wednesday's session, in the hope that we could draw a profit from the bullish momentum we have seen in the bitcoin price as late. As it happens, we did get a break out, but we have now returned to trade within the range that we had slated as the one to watch this morning, and it looks as though we may see a temporary reversal of the current action. So, with this said, what are the levels that we are keeping an eye on....
Let’s kick things off with a chart. The chart below highlights the action seen in the bitcoin price throughout today’s session, and has the framework we placed onto action earlier this morning overlaid. It’s a fifteen-minute candlestick. So, as the chart shows, having declined considerably overnight, the bitcoin price found support at a little ahead of 438, before correcting to the upside to trade in a pretty tight 440-444 range. This range has dominated action today, and gives us something to go at this evening, and beyond, into the Asian session tonight. Also of note is the completion of....
Another bitcoin price advance and another successful trade concluded a few hours before this article's publication. Sometimes the simplest indicators yield the easiest intra-day profit while co-located, on-site, algorithm-fuming, HFT bots squeeze little out of the apparently unorthodox bitcoin market. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis. Time of analysis: 14h30 UTC. Bitstamp 1-Hour Chart. From the analysis pages of xbt.social, earlier today:....
Here's a look at what we are focusing on in the bitcoin price this morning. It’s Tuesday morning, and time to take a look at the bitcoin price for the first time today. Action during yesterday’s session was pretty kind to us, and we managed to get into a short term trade on a downside break for a small profit. So as we head into today’s session, we’re going to look to get into a similar trade, with our strategy defined by a relatively tight range and some scalp entries on breakouts. We will probably also look at some intrarange action, given the width of the range afforded to us from....