Bitcoin Price Watch; Big Move Ahead?
Here's what we are looking to trade in the bitcoin price this evening, according to our two primary intraday strategies. In this morning’s analysis, we highlighted the overnight decline we saw in the bitcoin price on Wednesday evening, and suggested that one of two things would likely happen throughout today’s session. First, that a continuation of the seemingly overarching bearish momentum would see a break of circa 415 flat, and we’d be looking at a potential 400 flat target before the week was out. The second, that the bulls would regain control and we’d see a tapering of the sell off,....
Related News
Here's a look at what we are focusing on in the bitcoin price this morning. Ok, we’ve got a fresh days’ trading ahead of us, and it looks as though we might be in for an interesting one. Price has been on the rise gradually overnight in Europe, and we’re closing in on the 800 mark. We have, of course, been in and around this area for a while, and that we are getting a little closer now far from guarantees we are in for a hit. That said, however, this is a return play, meaning we hit this region yesterday and spiked down, yet have returned to trade within the same sort of zone, suggesting....
A little earlier on this morning, we published our twice daily bitcoin price watch piece. In the piece we outlined the levels we were looking to watch in the bitcoin market throughout Friday's session, and stated that - if we got the volatility we were looking for - we would look to enter according to our breakout strategy in an attempt to draw a short term scalp profit on the action. Action has now matured throughout the day, and we are heading into the close of the European session and the beginning of the weekend. In the majority of other financial assets, markets would be pitching to....
Here's a look at what we are focusing on in the bitcoin price this evening. Well, this is getting a bit frustrating. Price seems to want to weigh to the downside, even though we want it to hit 800 so much. Shows how much influence we have. The chart below shows action during the European session today. It’s basically gone as follow: break, consolidation, break, consolidation. We’re currently trading just ahead of the 740 mark, and it’s looking like sentiment is very much to the downside right now. Not too much of an issue for our intraday operations, but a little frustrating on the longer....
We are entering a fresh week’s trading in the bitcoin price, and, once again, action over the weekend did not disappoint. We have had a number of sharp moves across the last few months when the Sunday session starts, and – in line with this trend – price dropped sharply throughout Sunday evening’s session and into the early Monday morning, to carve out fresh lows just ahead of where it now sits at 447. These lows will play a key role in today’s early morning trading, and the sharp move should help us interpret any volatility that price throws out during early Europe today. So, as we head....
Last night we published our second of our twice daily bitcoin price watch pieces ahead of the Asian session. The primary thesis behind the piece was that we would be tightening up both our range and our risk parameters, with the goal of reducing our exposure to any correction in the bitcoin price overnight while also leaving us open to draw a profit from any action. Price has now matured across the session, and we are now mid way through Thursday's European trading. So, at this point, how did price fare overnight, did our strategy get us in and out of the markets as a response to....