Bitcoin Price Watch; Winding up for Action!
Here's what we are looking at for today's bitcoin price intraday strategy. Breakout and intrarange included. To say action overnight had been erratic would be an understatement. The chart we are using for today’s analysis doesn’t represent the erraticism perfectly, as it’s a contracted version, but the up and down volatility across the board in the bitcoin price was there nonetheless. We didn’t see too much sustained directional movement. But within a pretty tight range the bitcoin price jumped around, never really offering us any real entries (even on the tightened scalp platform we....
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We've got much of the same action in the bitcoin price today, and we could be winding up for a big move a little later on this afternoon. Here's what we're looking at. Yesterday we went into quite a bit of depth concerning our interpretation of the action in the bitcoin price so far this week. We noted that the action represented a consolidation of bullish and bearish sentiment, and that this consolidation could act as a sort of winding up before a big move. Action has now matured throughout last night’s Asian session, and we are mid way through today’s European session, and things haven’t....
We are publishing our second bitcoin price watch piece a little later than normal today, primarily because action throughout this afternoon's European session has failed to bring any real entry signals to the table, and we thought we would hold out a little bit in order to see if anything materialized. As it turns out, action over the last couple of hours (across which we have been holding out) has remained relatively flat, with the bitcoin price holding a tight range (about $3-4) within the range we slated this morning as being the one to watch. T would be easy now to throw our breakout....
Here's a look at what we are focusing on in the bitcoin price this evening. Another day done, and another pretty interesting ride in the bitcoin price. This morning we noted that action overnight was erratic (just the way we like it!) and that we managed to get in for couple of nice quick turnaround positions on the volatility. We also noted that early morning action had flattened out a bit, and that this could be indicative of some winding action, and in turn, a precursor to some nice momentum volatility. As things turned out, that’s exactly what we got. Price leveled out into lunchtime,....
Here's a look at what we are focusing on in the bitcoin price this evening. So that’s Monday done, at least out of Europe, and it’s time to set up against the US afternoon and – beyond that – in to the Asian session later tonight. In this morning’s analysis, we noted that it looked as though price was winding up for a medium term increase, and that we might be able to take advantage of this winding up if we saw a breakout. As things turned out, we got exactly that. Price broke to the upside early afternoon and (while admittedly choppy) ran up to our take profit with no real issue. It’s a....
Here's what we are looking at for tonight's bitcoin trading session. Levels remain from this morning, risk parameters tightened slightly. In this morning’s bitcoin price watch piece, we outlined the range that we would be focusing on for the early morning session in the bitcoin price market, and noted that an element of indecision across the board (induced by the ongoing debate over the technical fundamentals of bitcoin and the blockchain) might stifle any sustained directional volatility – that is, at least, until one side of the market gained an edge. We’ve now come to the end of the....