Bitcoin Price Watch; Another Profitable Trade!
Here's what last night's action in the bitcoin price told us about what we should be looking at for today's session. Once again our breakout strategy has helped us draw a profit from the markets on Tuesday, via a continuation of the overarching bearish momentum that we saw initiated through the sharp Monday decline. We noted in yesterday’s analysis that action had tightened up a little, and that this might mean we had hit the bottom of the downturn and could be set for a reversal. Just in case we were wrong, however, we set up a downside scalp framework, with the goal of entering short for....
Related News
Here's a look at what we are focusing on in the bitcoin price this evening. As far as rough days in the market go, this has been one of the worst. We noted in this morning’s bitcoin price watch piece that the action we’ve seen over the last few days in the market had been a bit difficult to trade. Sideways action dominated, and the only real movement we saw were spikes in and out of the ranges we defined. We have managed to pull a couple of profitable trades out of this sort of action, but only by keeping our targets extremely tight and maintaining some even tighter risk management....
Here's what we are focusing on after today's action in the bitcoin price. As far as rough days in the market go, this has been one of the worst. We noted in this morning’s bitcoin price watch piece that the action we’ve seen over the last few days in the market had been a bit difficult to trade. Action has been up and down, and pretty choppy, and it’s this sort of volatility that can sometimes be great, and sometimes torturous. We have managed to pull a couple of profitable trades out of this sort of bitcoin price action, but only by keeping our targets extremely tight and maintaining some....
Here are the levels we are looking to trade in today's bitcoin price watch, early morning out of Europe. In yesterday’s price analysis, we discussed the levels that we would be focusing on for the evening session, noting that the range we were looking at was not all that different from the one we outlined in the earlier analysis. Volume was pretty weak, and while this can sometimes translate to sharp movements, we didn’t see any sustained momentum throughout the day. This lack of sustained momentum meant we weren’t able to get into any profitable positions, and finished the day pretty much....
Here's a look at what we are focusing on in the bitcoin price this morning. At the end of last week, we noted that the bitcoin price had given us a pretty decent week from a trade perspective, and that it wouldn’t take too much volatility to get us in on a profitable close heading into the weekend. Things were pretty quiet over the weekend as it turned out, but we did manage to get in on a breakout trade and draw a small upside profit out of the markets. We are about to head into a fresh session on Monday morning out of Europe, and it’s time to take a look at how the most recent action is....
Bitcoin price this week set a new all-time high price record, taking the leading cryptocurrency by market cap to right below $20,000 before a minor pullback began. And while there is always a possibility that the asset could see a stronger correction given how overheated it is and how profitable the year of 2020 has been, one indicator is pointing to significant upside from here instead. In fact, the cryptocurrency’s most profitable buy signal ever […]