Bitcoin Price Up Again: Further Upside On Today!
Anyone with a decent level of Bitcoin holding at the moment is likely to say they have had a pretty good week. From lows just ahead of $430 as the weekend closed, Bitcoin rose to highs just shy of $460 this morning-gains of around 7% in less than 48 hours. Whether these gains will continue remains to be seen; the Bitcoin price can be extremely volatile and is subject to fluctuations, meaning we could see a sharp reversal. However, whichever way price takes us next, we intend to be ready to take advantage through the incorporation of our intraday breakout strategy. So, with this said, and....
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Late last night, when we published the second of our twice daily bitcoin price watch pieces, the market was hovering around the $300 mark. Action has now matured across the Asian session, and we are heading into a fresh European session today. As we head into the session, where is the bitcoin price currently trading, what happened overnight, and how has the Asian session influenced our strategy for today's session? Take a quick look at the chart to get an idea of what we're watching. As the chart shows, the levels in focus for todays session are in term support at 304.75 and in term....
There sees to be no limit to the upside potential we are seeing in the bitcoin price at the moment. Fundamentally, there have been no real developments (nothing that differs from the usual bitcoin news updates, at least) and so the momentum we are seeing looks t be purely sentiment driven. People are finally coming around to the idea that bitcoin can serve as a risk off asset and, as a result, the bitcoin price is picking up pace. The action we have seen as late has made for an interesting few weeks for our intraday strategy, with the primary focus having been to the upside through....
As we head into a fresh week's trading in the bitcoin price, what are the levels we are watching, and where are we looking to get in and out of the markets according to our intraday strategy? Further, how did action over the weekend play out in response to our predefined strategy? Take a quick look at the chart to see what we are looking at today. As the chart shows, the two key levels for today's session are in term support at 320.39 to the downside, and in term resistance at 325.40 to the upside. These will be the levels that define our entries during today's European session, and....
A little earlier on this morning we published a piece highlighting the overnight action in the bitcoin price, and outlining the levels our traders were looking to keep an eye on as price matured and the European session took place. Now the European session is drawing to a close, what has action throughout today told us about the expected movements in the bitcoin price this evening (GMT), and what are the levels to keep an eye on as we head into the US afternoon session? Take a quick look at the chart. As the chart shows, price at time of writing is currently just breaking above what we....
Last night we published our twice daily bitcoin price watch piece a little later than normal in an attempt to hold out for some volatility. We tightened our key levels based on the action we had seen over the last few days, and brought out both our scalp and intrarange strategies. Action has now matured throughout the night, and as we head into a fresh day's trading, how are going to approach the bitcoin price today, and what are we looking for during today's European session? Take a quick look at the chart below to get an idea of what we're watching. As the chart shows, we have brought....