Bitcoin Price Watch; Multi Timeframe Primer
Here's a primer on multi time frame analysis, and how we are going to use it ahead of tomorrow morning's intraday parameter setting. Things have been a little dull on the bitcoin price intraday charts over the last week or so, and we’ve had to reiterate a number of our levels across some pretty insignificant movements in these twice daily bitcoin price watch pieces as a result. This morning we covered a pretty solid range, and things remain well within that range as I write this, so as to avoid repeating our positions, this evening’s price watch piece will be something a little different.....
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Here's what we are looking at for this morning's European session, in accordance with yesterday's multi timeframe analysis of the bitcoin price. Yesterday, in the second of our twice daily bitcoin price watch pieces, we zoomed out to a wider timeframe and took a look at the bigger picture – still intraday, just with a little more perspective. It revealed that the bitcoin price was trading within a relatively confined upward sloping channel, and that at the point of publication, we were somewhere mid range. This opened up the potential for a sustained move in either direction, and I turn,....
This morning we noted in our twice daily bitcoin price watch piece that we were looking at a slightly tighter time frame than normal, purely because the action in the bitcoin price throughout the early session and been volatile, and that it would warrant a closer timeframe to ensure we keep our stops tight enough to avoid large losses. Contrary to common belief, zooming in on a tighter timeframe during periods of volatility can help control the risk we expose ourselves to - this is the root of all scalp strategies. As we head into the Asian session this evening, we are going to widen back....
Here's what we are looking at for today's morning session - a return to breakout from yesterday evening's scalps. Yesterday afternoon, in the second of our twice daily bitcoin price watch pieces, we mixed things up a little bit. At time of writing we remained well within the range we had pre-slated as the one to watch for the morning session, and this gave us two choices. One, remain with that framework only (which, of course, wouldn’t have made for a particularly interesting evening’s worth of trading, or a particularly interesting analysis, for that matter); or bring a scalp strategy to....
The CFTC's fintech wing has published its fourth primer, this time on digital assets. LabCFTC, the fintech-focused office of the Commodity Futures Trading Commission, has published a new intro to digital assets. The "Digital Assets Primer" is dated Dec. 15 but was announced Dec. 17. It includes basic definitions and overviews of digital asset markets, as well as a handy breakdown of the role of the CFTC and other regulators in establishing rules for these markets. The latest primer joins three others released over the course of LabCFTC's lifespan. The earlier, from October 2017, focuses on....
The future is now. Both Stripe and Primer joined forces with OpenNode for separate payment solutions. The Stripe App will allow companies to “instantly convert any amount of their balance in Bitcoin or automatically convert incoming payments in part or full.” For their part, online and meatspace merchants across the UK will have the option […]