Bitcoin Price Consolidates: Staggered Trade on
It's been a few hours since we published the first of today's bitcoin price watch pieces, and after the crazy action we saw in the overnight session last night, things have normalized somewhat during today's European session. We traded to lows just ahead of 364 earlier this morning, having reached 500 flat a day earlier. During todays session, however, we have recovered some of the losses and now trade at or around 400 flat - a level that is likely going to have some significance from a psychological perspective going forward. With this said, what are the levels we are looking to trade....
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Today's action in the bitcoin price has - once again - brought with it some surprising momentum. We started off the day down and expected to get some sort of correction. In light of this expectation, we teed up our key levels and put our breakout strategy to work. Action has now matured throughout the day, and as we head into a fresh Asian session this evening, what are we looking at, and where will we look to get in and out of the markets if the volatility continues? Further, what did today's action bring us as far as getting into a live trade was concerned? Take a quick look at the....
The Bitcoin price has made it very easy for us to implement our intraday breakout strategy over the last few days. Staggered improvements in value have preceded periods of consolidation, with the aforementioned periods allowing us to define our range prior to the next breakout. Whether this sort of action will hold firm going forward remains to be seen-things can reverse quickly in the Bitcoin price, as we know all too well. As we move forward, however, we can stick to our predefined strategy and take advantage of action in either direction. So, as we head into tonight's market, what are....
Decentralised cloud storage platform Storj has raised 910 BTC in a crowdsale. At the time of writing, the amount raised equates to $461,802, according to the CoinDesk Bitcoin Price Index. Participants in the Crowdsale are to be rewarded with early access to Storj's DriveShare and MetaDisk apps, which enable users to rent out their unused hard disk space and store their files on the Storj network, respectively. A post on the company's website states: "The team at Storj is very pleased with the outcome of the crowdsale. It has beaten the best of our expectations and we want to send each one....
As a general rule, once we get into a trade in the Bitcoin markets-and according to our intraday strategy-we don't get into another before the markets take us out automatically (either via a stop hit or a target hit). As such, and as we head into this evening's Asian session, we are not going to be taking a position, because we got into a long trade on the breaking of in term resistance a little earlier. With that said, this analysis isn't just for us-its for our readers, as well-and for those who aren't yet in a trade, here are the levels to keep an eye in in the Bitcoin price this....
China’s crackdown on bitcoin and crypto mining has been a pain point for the market this year. The country which had decided to excise its regions of bitcoin mining operations had caused major FUD which dragged the market down with it. Bitcoin price had staggered following the exodus of miners out of the country known […]