Bitcoin Price Watch; Profit Taken!
Here's what we are looking at in today's bitcoin price action strategy. Having called out our range yesterday evening, we suggested that its width warranted both an intrarange and a breakout approach. We had circa ten dollars’ worth of wriggle room to play with between support and resistance, which is as large, if not larger, than many of the targets we work with on our traditional breakout strategy. This element of our operations turned out to be the most rewarding overnight, as price continued to trade sideways within the confines of our predefined range. Shortly after European markets....
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Here's a look at what we are focusing on in the bitcoin price this evening. In this morning’s bitcoin price watch analysis, our primary intent was to get across the importance of keeping things tight during the European session. Price has struggled to make any sort of sustained moves over the last few days, and while we have seen the odd spike, there has been no real trend momentum. The only way we are able to draw a profit from these sorts of market conditions is through a tight scalp strategy – that is, jumping in and out of the markets on the spikes and taking advantage of the action as....
Here are the levels to watch in today's bitcoin price in order to draw a profit from any volatility across the European session. In yesterday’s analysis, we commented on the relatively slow week we had seen in the bitcoin price last week, and noted that – in response to the little bit of volatility we saw over the weekend – we expected some decent momentum to come our way during Monday’s session. As things turned out, we did see some momentum; not quite as dramatic as we’d hoped for, but momentum nonetheless, and we managed to get in and out of the markets for a quick profit on the....
Here's a look at what we are focusing on in the bitcoin price this morning. It’s Thursday morning, and we are about to head into a fresh session out of Europe. In last night’s bitcoin price analysis, we noted that price had broken to the upside and that – as a result – things looked good for some further upside momentum. We tentatively slated 800 as a level to watch on the horizon, with that being the next major psychological target, but we also pinned a couple of nearer term levels as being ones to watch, with the goal of taking out a few profit targets on the way up to the big eight oh....
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....
A little earlier on this morning, we published our twice-daily bitcoin price watch analysis piece. In the piece, we highlighted the levels that we would be watching throughout Wednesday's session, in the hope that we could draw a profit from the bullish momentum we have seen in the bitcoin price as late. As it happens, we did get a break out, but we have now returned to trade within the range that we had slated as the one to watch this morning, and it looks as though we may see a temporary reversal of the current action. So, with this said, what are the levels that we are keeping an eye on....