Bitcoin Price Volatile Overnight: What's Next?
Its been an interesting few weeks in the bitcoin price over the last month or so, and action on Tuesday night in Asia continues this trend with some steep volatility. First we saw a decline to overnight just ahead of 300 flat, and then the bitcoin price bounced to regain some of its lost strength in the small hours of the European night. However, as the European session kicked off for the morning, price has once again resumed its decline, and we now trade somewhere circa 315 flat - close to $100 lower than we were trading this time last week. So, with this in mind, and as we head in to a....
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The bitcoin price has been pretty volatile overnight - here's our take on today's action from an intraday breakout perspective. Action in the bitcoin price overnight was pretty volatile. Having ranged for the previous twenty-four hours between tight key levels, price broke to the downside and – with a sustained decline, reached overnight lows just ahead of 365 flat. Having reached this level, however, and as the Asian session kicked off it’s Thursday trading, price reversed and made back the entirety of its losses to trade at current levels – circa 373 flat. Our breakout strategy took full....
Bitcoin prices tumbled more than 10% during morning trading, dipping below the $800 mark. Markets saw an average low of $779.54, according to the CoinDesk Bitcoin Price Index (BPI), the first time the price has been reported below $800 since 21st December. The drop came after the price traded just above $900 during overnight activity, and represents a nearly 39% fall from the 2017 peak of around $1,153. 2017 has been a volatile year thus far for the digital currency’s price. The start of the week saw the price shift above and below $900 as concerns over rumors of new regulations coming out....
Here's a look at what we are focusing on in the bitcoin price this morning. For this morning’s analysis, we’re going to shift back to the fifteen minute charts from the five, just so as we can get a little bit of perspective on the bitcoin price action seen last night. Over the last few days, things have been relatively active, and during yesterday’s session we got taken out of a trade on a stop loss hit primarily as a result of this activeness, but overnight things seem to have settled down a little. Price initially broke to the downside shortly after we published our analysis, but not....
Here's a look at what we are focusing on in the bitcoin price this morning. We are heading in to the close of the week, and it’s time to take a penultimate look at the bitcoin price. Things have been pretty volatile for the last few days, and we’ve had the opportunity to get in and out of the markets on a number of occasions. We got another opportunity overnight, as price broke through the level we had slated as in term resistance and quickly ran up through to our target. We entered on the close above resistance, as per the rules of our intraday breakout strategy, and managed to get out....
Here's a look at what we are focusing on in the bitcoin price this morning. So the end of the week is here, and it’s time to take a penultimate look at the bitcoin price market before we kick off the weekend. Price has been pretty volatile across the last few days, and with this volatility has come plenty of opportunity to get in and out of the markets according to our intraday strategy. Overnight last night, however, things settled down a little, and we are heading into today’s European session on some relatively low volume. This doesn’t mean there’s nothing to go at – we saw a spike a....