Bitcoin Price Watch: Here's What's In Focus...
So this morning we noted that we had hit 300 flat in the bitcoin price and that - as a result - our overarching bias was to the upside for today's European session. The session is now drawing to a close, and while we haven't seen an exorbitant amount of volatility, there has been some upside action. Action that, according to the rules of our intraday strategy, we have managed to take advantage of. With this said, and as we head into this evening and a fresh Asian session, what are the levels we are keeping an eye on, and where can we look to get into the markets on any further volatility....
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A little earlier on this morning, shortly before the markets opened in the UK, we published our bitcoin price watch article addressing how we would response to price reaching certain levels throughout Tuesday's European session. The primary focus of the piece was the sharp decline we saw in the bitcoin price overnight on Monday, and the overarching bearish bias - on both a technical and fundamental level - that this forced us to accept. Now price has matured throughout the European session, and we are about to open on a fresh US afternoon. With this said, what has price action told us....
Here are the levels in focus for this evening's session out of the US and Asia in the bitcoin price. The day is drawing to a close, and its time to put out the second of our twice daily bitcoin price watch pieces. As far as trading days go, this one started out relatively flat, and the action we saw throughout the evening on Wednesday suggested we weren’t going to see anything special come the European open. How wrong this interpretation was. Action throughout today’s session, perhaps buoyed by some positive sentiment across global news media, has seen price boost to fresh weekly highs,....
Here's a look at what we are focusing on in the bitcoin price this morning. In last night’s analysis, we focused on the momentum seen in the bitcoin price throughout the day, and – in turn – the potential for price reaching (and with any luck) breaking through the 1000 level. It was early morning that we first noted it, but then as price matured throughout the day, it became a focus level. Overnight last night, price did eventually break through, and we now trade ahead of this level heading into the morning session out of Europe. So, as we move into today’s session, here is a look at what....
The extent to which today's action is representative of what's going on fundamentally in the bitcoin space is unclear - but one thing we do know is that after yesterday's gains in the bitcoin price, we expected some continuation of the trend. In this morning's bitcoin price watch piece, we outlined the levels we would be looking at to try and get in and take advantage of any such continuation. However, during Wednesday's session, the bitcoin price has remained relatively stable. We tested support a few times a little earlier on this afternoon, but with no candlestick closes outside of our....
Here's a look at what we are focusing on in the bitcoin price this evening. That’s another day done out of Europe in the bitcoin price, and in all honesty, it’s not been that great a session. Things have been pretty flat, and we haven’t had a chance to get in and out as we might have liked. We did say this morning that we might go at price with an intrarange focus, but we declined the entry when it come, because the bid-ask widened out a little too much to give us anything worthwhile. Anyway, we’re moving forward, and it’s time to see how today’s action can play in to a strategy this....