Bitcoin Price Choppy: Here's What's On
Overnight action in the Bitcoin price has been pretty choppy. Having outlined our predefined range yesterday evening, we were hoping to be able to draw a profit from our intrarange strategy. We did reach support at the turn of the night, but broke through it ever so slightly to log a close below. This put us in a short breakout trade that, unfortunately, got stopped out an hour or so after entry. We are currently trading midrange on a slightly tightened range (which we will outline shortly), and plan to bring both our intra and our breakout strategy into play for today's bitcoin price....
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Here's a look at what we are focusing on in the bitcoin price this evening. Ok, so here’s the plan for this evening. The bitcoin price has been pretty steady all day, albeit with a slight downside trend, so we’re going to approach this evening’s market with a little bit of caution. Not because we think we’ll see too much action, but because in the face of the recent volume spikes that came about last week, we may be in for some choppy price movement. We don’t really need to alter our strategy or anything like that, just make sure that we’ve got some well defined risk management levels in....
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