Bitcoin Price Breaks; What's On Today?
Its been a strange few days in the bitcoin markets. Having gained strength throughout the majority of last week, especially towards the end during which we got a kick up to fresh intraday highs, the bitcoin price dipped considerably throughout Saturday’s trading to register lows just ahead of 445, and despite a short term recovery that saw the bitcoin price break 450, continues to decline into Sunday’s trading. This decline saw lows carved out just ahead of 440 – a level that is going to feature in today’s price strategy. A look at the action today gives us a little bit of insight into how....
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Here's a look at what we are focusing on in the bitcoin price this evening. Action today has been pretty flat, and we’ve not had too much opportunity to get in and out of the markets according to the levels we outlined this morning. Price ranged sideways for the majority of the European session, and while we got the odd break, it didn’t last, and price returned to close back within the range before the candle closed out, so we didn’t get in on the break. It can be frustrating sometimes when we don’t get in on the breaks, especially when we see volume, but there’s a silver lining. When....
Bitcoin's price breaks above $16,000, reaching an almost three-year high.
Here's a look at what we are focusing on in the bitcoin price this morning. So today we’re going to do something a little different, and focus on intrarange action as a primary strategy in our bitcoin price trading. Normally we set up our range based on the potential for breakouts, and enter short term scalp trades towards relatively tight targets when price breaks and closes above the levels that define the range. Instead of doing that today, we are going to widen out our range a little bit and look to enter on any internal reaction to price hitting the levels in question. So, as get....
In this morning's bitcoin price watch piece, we are going to take a look at the levels that proved important overnight, and try and attempt to put together a strategy for today's intraday trading throughout the European session. Its been a lively few days in the bitcoin markets, and with the launch of the NewsBTC Live Trading Room looming, it's a great time to get some volatility. So, with this said, here's what we are watching today, alongside a definition of our risk management parameters for today's session. First up, as ever, take a look at the chart to get an idea of what we're....
So last night we hit 300. Its been a few months since we've seen these levels in the bitcoin price, and reaching 300 shows that - despite numerous suggestions to the contrary - there are plenty of bulls out there ready to buy into any bitcoin price strength. Now action has matured throughout the Asian session, and as we head into a fresh European session this morning, what are the levels we are watching in the bitcoin price, and where are we looking next? More importantly, will the upside momentum continue today, or are we heading into a consolidation and some more corrective action? Take....