Bitcoin Price Watch; The Afternoon Ahead…

Here's what we are looking at in the bitcoin price this evening from an intraday perspective. It’s that time of the day again, as the European session draws to a close and the US afternoon kicks off. Volume generally picks up a bit around this time, and with this added volume will often come a bit more volatility. In anticipation of this volatility, let’s take a look at what’s on this evening. First, what did action this morning tell us about what’s set to play out going forward? Well, in this morning’s analysis we noted that price had shot up overnight, and that this gain mirrored the....

Here's what we are focusing on in the bitcoin price this afternoon, and beyond that, into the Asian session tonight. We’ve had another busy day in our bitcoin price strategy operations on Tuesday, and with any luck, the volatility that we saw as part of today’s action will continue into this evening’s session. To kick off the analysis this afternoon, take a look at the chart below – it’s the first of two for tonight’s release. As the chart shows, a break of in term resistance earlier on this afternoon put us in a long position towards our predefined upside target, and as things stand, we....

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 at in the bitcoin price as we head into the weekend. Earlier on this morning, we published the first about twice daily bitcoin price watch pieces. In the article, we noted that the overnight highs that fell just short of 452 flat would likely serve as some pretty solid medium-term resistance, and that’s during today’s session, we might see a period of prolonged consolidation. As things turned out, this is exactly what we saw. Price corrected into lunchtime in Europe, and – having bounced from the level that we cited as in term support – pretty much just traded....

Here's what we are looking t trade in the bitcoin price this evening out of the US and Asia The European session is about to close for the day, and the US afternoon is set to take over the lion’s share of the bitcoin price market volume. As ever, the second of our two daily bitcoin price analyses will cover our approach going forward into the US afternoon and beyond into Asia, with a specific focus on how action played out today (in relation to our predefined intraday strategy) and how we can interpret this action as part of this evening’s plan. So, with this said, and as we head into the....