Bitcoin Price Breakout: Live Trade!
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....
Related News
Here's what we are looking at for tonight's bitcoin price intraday strategy. Range, breakout and stops/targets included. We’re going to kick of this analysis a little differently than normal. We are in a live trade based on an upside breakout a little earlier on today, and as such, our strategy dictates that we shouldn’t be looking to enter any further trades until this one resolves – be that through a stop loss hit or a target take out. The latter of the two is looking more likely as things stand, but as we’ve seen over the last few weeks in particular, the bitcoin price space can be....
Here's what we're focusing on for the Thursday afternoon session out of Europe in the bitcoin price. In this morning’s bitcoin price watch article, we highlighted the range we were focusing on for the early European session. It was a pretty tight range, so we said we’d be looking at trading breakout only, as opposed to breakout and intrarange. This is because its difficult apply effective risk management parameters on intrarange trades when support and resistance are so narrow. As it turned out, we might have been better off giving it ago. Shortly before the European afternoon kicked off,....
Here's what we are looking at trading in the markets this evening, alongside a look at our latest bitcoin price live trade. The Wednesday session is drawing to a close in Europe, and it’s time to take our second look at what the markets presented today, and in turn, use this action to put forward a potential trading strategy as we head into the US afternoon, and beyond that, into the Asian session this evening. In this morning’s bitcoin price analysis, the primary focus was a very tight range, which we said we would use to scalp the bitcoin price, on any breakout action. The range was only....
Here's what we are looking at tonight, and a live bitcoin price position we are currently holding. Let’s start this evening’s analysis with a chart. The chart below highlights the action we have seen across the last six or so hours in the bitcoin price (throughout the European session morning and early afternoon) with this morning’s framework still applied. We’ve left it on there to highlight the position we are currently in, and the levels that both got us in to this position and that we are targeting on the trade. As the chart illustrates, we took a long position on the break of in term....
Here's a look at what we are focusing on in the bitcoin price this evening, with a look at one of our live trades. The markets are about to draw to a close in Europe, and it’s time to take our second look of the day at the bitcoin price. Things have been pretty up and down over the last twenty four hours or so, and we’ve been going at the markets with a pure scalp breakout focus. Intrarange hasn’t really been an option based on the narrow predefined ranges we’ve been working with. Action today hasn’t disappointed, and we’ve managed to get in to a long entry based on a break and a close....