Bitcoin Price Choppy: Live Trade On!
In this morning's Bitcoin price watch article, we noted that-as a result of the recent selloff-we would be wary heading into today's action. The Bitcoin price collapsed last night, likely not as the result of any underlying fundamental pressure but simply on the back of individual speculators taking profits at weekly highs. Regardless of the reason, however, we were uncertain how long the selloff would last. Whether the correction seen earlier this afternoon was just a gap-filler, or whether it was indeed a longer-term correction was the primary question. Whichever way the 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....
Action has been a bit choppy in the bitcoin price over the last few days, but it hasn't stopped us drawing a profit from the market. Here's what we are looking at in today's European markets and beyond. Yesterday afternoon, our bitcoin price watch article highlighted a bunch of key levels, and in the article, we were able to define a classical pattern that suggested – from a technical perspective, at least – we were set for a continuation of the downside break we saw a little earlier in the day. A look at the action that succeeded our analysis shows a mixed response to our predictions. We....
Here's a look at what we are focusing on in the bitcoin price this morning. Tuesday’s here, and as things turned out, we had a pretty interesting night’s worth of trading in the bitcoin price last night. Not because price moved considerably, or anything like that, but because we got some choppy action that fell in line with our breakout levels. Normally, choppy action is a real pain. It gets us into trades and then ends up taking them out again almost right away. That’s what stop losses are for, and it’s a pain but something we just have to accept. However, last night’s choppy action fell....
Here's what we are looking at for today's European morning session in the bitcoin price, and a look at a live trade we entered last night. So today we’re going to mix things up a little bit and kick off this analysis with a chart. The one below shows action overnight in the bitcoin price, and illustrates a long trade that signaled entry during early Asia, and one which we currently hold as a live position. As the chart shows, we got in on a break of the level we slated as in term resistance in yesterday’s second analysis, and initially saw the bitcoin price run up towards our predefined....
Here's how our live bitcoin price trade is playing out, and what we are focusing on for this evening's session going forward. So the European session is about to draw to a close for the day on Tuesday, and it is time to take a look at what bitcoin price action gave us today and – in turn – how we can interpret this action and carry this interpretation forward as an actionable strategy tonight. In this morning’s bitcoin price analysis, we noted that rice had corrected from overnight (and week to date) highs, and that we could use this correction as a range parameter. Further, we said we....