Bitcoin Price Watch; Return to Scalps Tonight
Here's a look at action from the day so far, and the levels we are looking at now in the bitcoin price. It’s been about six hours since published the first of our two, Tuesday session intraday analyses, and a look at action across the period reveals some pretty frustrating movement in the bitcoin price. We managed to get into a trade on a break of in term support, but having bounced around this level for a few hours post entry, have since been taken out for a small loss on the position. This sort of choppy action can be difficult to approach, and it generally comes down to two things: the....
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Here's what we are looking at in the bitcoin price this evening, breakout and intrarange. It’s been a pretty slow day in the bitcoin price space, and this has weighed on our ability to get into the markets. We had a pretty volatile end to last week, and some decent action over the weekend allowed us to draw some profit from a few positions, but the current action looks to be representative of the start of the week slumps we’ve seen across the last couple of months – range bound, no real breakouts, and when we do see a breakout, it doesn’t result in any sort of sustained momentum we can....
Its been a bit of an odd day in the bitcoin price markets. Having initially kicked off the European session with some interim gains, the bitcoin price reversed pretty sharply from intraday highs and collapsed to reach lows just shy of where things currently sit. This has two implications for tonight's session. The first, that we have a nicely defined intraday range that gives us something solid to trade throughout Asia. The second, that in spite of this range, its going to be difficult to form a central bias - at least near term. Without any consistency in overarching momentum, we are....
Here's a look at what we are focusing on in the bitcoin price this evening. So the session is about to draw to a close out of Europe, and it’s time to take the second of our twice daily looks at the bitcoin price in an attempt to see if we can draw a profit from the markets at some point during this evening’s session. Things have been pretty dull over the last few weeks, but volume is finally starting to pick up, and we are starting to see some decent breakouts and – in turn – a number of opportunities to get in and out of the markets according to the rules of our intraday breakout scalp....
Here's a look at what we are focusing on in the bitcoin price this evening. So the markets have now drawn to a close out of Europe, and it’s time to take our second look of the day at the bitcoin price. In this morning’s analysis, we focused on action over the last few days, and noted that the bullish run in price may be sustainable, and that we should see an influx of volume into the markets today on the back of the return to business in the US. We also made a side note of pointing out that the next three months are generally some of the busiest in the traditional financial asset markets,....
Here's what we are looking to trade in the bitcoin price this afternoon. In this morning’s bitcoin price watch piece focusing on today’s session, we noted that as a result of action overnight, we would be tightening our range, and approaching the market with a pure breakout strategy (rather than a combination of our breakout and our intra-range approaches). Action has now matured across the European morning session, and we are about to head into the US afternoon and beyond that – into the Asian session tonight. With this in mind, and as we move forward into the aforementioned periods, what....