Here are both the range and the targets we are focusing on for our bitcoin price breakout strategy on Thursday morning.
Here are both the range and the targets we are focusing on for our bitcoin price breakout strategy on Thursday morning. Yesterday evening, we noted that action in the bitcoin price had been relatively flat across the last few days, and that the consolidation may mean we were setting up for a big move. As things turned out, we got just that – though not to the upside as our fundamental bias suggested we might. Instead, we got a sharp downside shift, one that brought the bitcoin price to carve out fresh lows, and give back the majority of the gains it has made across the last seven days.....
Related News
Here's what we are focusing on this morning in the bitcoin price. In last night’s bitcoin price watch analysis piece, we highlighted a range that was quite a lot wider than those we have looked at across the last few weeks. This was in response to the volatility we saw over the weekend, and the opportunity this afforded us for an intra-range approach, rather than just our standard breakout strategy. Overnight, action didn’t mimic the volatility that we saw on Sunday, and pretty much just trended within the range we had predefined. Admittedly, it was a wide range, so it was optimistic to....
Here are the levels we are focusing on for tonight's bitcoin price scalp strategy. Our analysis this morning highlighted the range we would be focusing on throughout the European morning session, and since publication, we’ve not really seen too much movement. The bitcoin price remains well within the predefined parameters, and we decided not to bring our intrarange strategy into play, so as yet we remain out of the market and net flat for the day. As a result, and to make things a little more interesting this evening, we are going to focus on our scalp framework. Specifically, we’re going....
Here's a look at what we are focusing on in the bitcoin price this evening. The end of the day has come in Europe, and it’s time for us to take the second of our twice daily looks at the bitcoin price. We mentioned this morning that action this week so far has been somewhat lackluster, and that we’ve not had too many opportunities to get in and out according to our standard intraday strategy. We’ve had a few, but some have turned out to be a bit choppy and resulted in a stop loss takeout. In an attempt to liven things up a little bit today, we narrowed our range and went for some scalp....
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....
Here's what we are looking to trade in the bitcoin price on Monday morning. It’s been a few weeks since we were last able to use our intrarange strategy effectively, but as we kick off this fresh week in the bitcoin price, we may finally have an opportunity to do so. Price over the weekend turned out to be pretty volatile, and this volatility has opened up a decent sized range for us to take a look at. Of course, we’ll also be bringing our breakout strategy to the table, in the hope that we get a breakout on the back of any intrarange volatility. So, with this in mind, what did action over....