Bitcoin Price Uncertain: Fed Induces Scalp Strategy
Last night was something of a strange one in Bitcoin. While wider economic fundamentals have had something of a muted effect on the value of the digital currency in the past, there have been certain underlying events that have served to drive volatility. Such events include the big US inflation miss we got last year, the Eurozone situation (i.e. Greece and Germany) and-back in September-market uncertainty as to whether the Fed was going to raise interest rates or not. Yesterday, the Federal Reserve in the US did raise its base rate (by 0.25%) and-theoretically-this should have translated....
Related News
Late yesterday evening, we published our twice-daily bitcoin price watch piece. In the piece, we highlighted a few of the key levels that we would be watching as price matured throughout the evening on Wednesday, and suggested how we might respond to price reaching some of reaching these levels in terms of entering according to our scalp strategy and drawing profit from the market. Now the bitcoin price has matured overnight, what are the levels we are keeping an eye on during Thursday's session, and how can we apply our scalp strategy to today's volatility? Take a quick look at the chart....
Here are the levels we are focusing on for tonight's bitcoin price scalp strategy. Our analysis this morning highlighted the range we would be focusing on throughout the European morning session, and since publication, we’ve not really seen too much movement. The bitcoin price remains well within the predefined parameters, and we decided not to bring our intrarange strategy into play, so as yet we remain out of the market and net flat for the day. As a result, and to make things a little more interesting this evening, we are going to focus on our scalp framework. Specifically, we’re going....
Here's a look at what we are focusing on in the bitcoin price this evening. So that is Thursday done, and the week has nearly drawn to a close. Once again, we have had a pretty interesting day in the bitcoin price, and we have had the opportunity to get in and out of the markets according to our intraday strategy on a number of occasions. Tonight, we’re going to narrow things in a little bit, and go at a breakout scalp strategy in an attempt to take advantage of some tight movement. So, with this in mind, and as we head into the Asian session early morning tomorrow morning (and of course....
A scalp pattern has presented itself in the bitcoin price, here's how we are looking to trade it. For this evening’s analysis, we’re going to go at our bitcoin price strategy a little different than normal. A look at the cart below reveals the formation of an upward sloping triangle during the European session, and this has offered up an opportunity to scalp the markets. We can still define a range for the longer term breakout approach, but a few dollar scalp is always a nice quick turnaround position, so as we head into the close of the European session and move into the US afternoon,....
Here's what we are looking at trading in the markets today, specifically, a bitcoin price scalp strategy. Over the last couple of days, action in the bitcoin price has been relatively flat. We have seen the odd bit of choppy momentum here and there, but nothing sustainable, and this has made it difficult for us to get in and out the markets and draw profits according to our standard intraday breakout strategy. With this in mind, and as we head into the fresh days trading in Europe on Wednesday, we’re going to shuffle things around a bit. Specifically, we’re going to tighten in our intraday....