Bitcoin Price Watch; Intraday Breakout in Focus
Here's what we are looking at in the bitcoin price for today's session - Tuesday morning out of Europe. As noted in yesterday’s analysis, we got a big move over the weekend – one that served to offer up fresh highs in the bitcoin price on Sunday. More often than not, successive to a large move like this, action in the bitcoin price will lay relatively flat for 24 hours, as markets regroup and consolidate, with buyers and sellers rehashing their pre-move bias. We did get a bit of movement throughout the Monday European session, and also throughout last night’s Asian session, but nothing....
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Here's a look at what we are focusing on in the bitcoin price this evening. Price has been especially active over the last few days, and we’ve had numerous opportunities to get in and out of the markets according to our intraday strategy. Both our breakout strategy and our intraday strategy have come in to play (those of you who have been with us for a while will know how rare both of these strategies are active, and more specifically, effective, at the same time) and it’s given us an opportunity to get in not just on upside and downside breakout volatility, but also some reasonable....
As we have seen so many times over the past few weeks, and as we mentioned in yesterday's bitcoin price watch piece, the breakout action we have seen as late has often come during the Asian session (overnight Europe). We closed out yesterday's session with a couple of key parameters that we were looking to watch overnight, and low and behold, the bitcoin price broke through the upside of these parameters shortly after 5 AM GMT, and having done so, proceeded to carve out fresh weekly highs. With this said, what are the levels that we are keeping an eye on in the bitcoin price today, have....
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 focus was a tight range, and a strategy that involved using some scalp breakout targets to take advantage of that range. We noted that given recent action (volatile, but only short term, and only on the smaller time frames) we would likely need to maintain this type of scalp strategy for the foreseeable future – at least until things picked up fundamentally. We haven’t really had any major fundamental catalysts as late, and this has translated to some....
Here's a look at what we are focusing on in the bitcoin price this morning. We are about to kick things off for a fresh week’s worth of trading in the bitcoin price, and it’s time to take a look at action over the weekend to see if we can get a strategy in place for the European session. Things were a little more volatile over the weekend than they have been in the past, and this volatility has given us some nice levels to go at for today. So, with this in mind, and as we head into the session bell, here’s a look at what we are going for, and where we are looking to get in and out of the....
Yesterday afternoon we saw the bitcoin price breakout of its intraday range (the parameters of which we highlighted in the mornings bitcoin price watch piece), and we published our analysis shortly before the markets closed in Europe offering up the levels we were keeping an eye on in the bitcoin price overnight and what the breaking of these levels would mean as far as our intraday positions were concerned. Now action has matured, we have a few new levels to watch. What are these levels, and how might we enter a position in the BTCUSD today? Take a quick look at the chart. As you can see,....