Bitcoin Price Breaks: Trade Completes For Profit!
In this morning's bitcoin price watch piece, we highlighted the levels that we would be looking at as today's European session matured. We suggested that - as a response t the recent tight action we have seen so far this week - we would tighten our range and bring a scalp breakout strategy in to play. Action has now matured throughout the session, and as we head into a new Asian session this evening, what are the levels we are looking to get in and out at tonight, and where will we define tonight's range? Further, how did today's action play out in light of our intraday scalp strategy?....
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Here's a look at what we are focusing on in the bitcoin price this morning. It’s Tuesday morning, and time to take the first of our two looks at the action in the bitcoin price for today. Before we do, let’s take a quick look at what happened overnight, as this is going to influence how we approach the markets this morning. Specifically, action last night formed something of a head and shoulders pattern on the five-minute chart. A head and shoulders forms when we get a peak, a dip, a higher peak, which then dips into another peak similar in height to the first, but not as high as the....
Here's what's on as we head into the weekend in the bitcoin price, and a live trade. The week has now completed, and it’s time to take one last look at the bitcoin price before things draw to a close. Action, as we have said on a number of occasions this week, has been pretty flat, and we’ve not really had that many opportunities to get into the market on the back of any sustained movements. We did manage to get into a long entry a short while ago, however, and we remain in this position as this second analysis goes out. As such, we won’t be entering any fresh positions until this one....
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....
Here's a look at what we are focusing on in the bitcoin price this morning. We’ve come to the end of the week, and it’s been a pretty boring one from an intraday perspective. The bitcoin price doesn’t seem to want to breakout of a circa ten to twenty-dollar range, and this has proven difficult to navigate using our relatively tight intraday range on the five and the fifteen minute charts. Last night we suggested we could go at things with an intrarange approach to try and diversify away from just using our breakout scalp approach, but it didn’t make too much difference. During the Asian....
In yesterday evening's twice-daily bitcoin price watch piece, we suggested that we were looking for some volatility during the Asian session through which we could get in and out of the markets according to our breakout strategy. We also suggested that - if action did not present us with this volatility - we could incorporate our intra-range strategy to attempt to draw profit on a flat trade. Action has now matured throughout the evening, and - as we head into a fresh European session - what are the levels that were keeping an eye on the bitcoin price today, and what can we expect from....