Bitcoin Price Watch; Narrow Scalps for Today
Here's what we are focusing on for today's session in the bitcoin price - Tuesday morning out of Europe. Overnight action in the bitcoin price was pretty weak, as relatively low volume weighed on volatility. In response, and in an attempt to draw a profit from any volatility we get out of today’s session, we’re going to look at a tighter range, narrow things up a bit, and go for the scalp strategy. Scalping has worked well for us across the last quarter, and with action as it is at present (especially during the week) it looks like a good approach moving forward. So, with this in mind,....
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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....
Here's a look at what we are focusing on in the bitcoin price this morning. So, we have come to the middle of the week, and it seems like not much has happened from an intraday perspective in the bitcoin price today. This likely has something to do with the long weekend out of the US, but any hangover effect from Monday’s low volume should ease up at some point today, and as such, we should get a return to some solid price momentum. It is getting pretty boring to just reiterate our key levels time after time, but when price trades sideways within such a narrow range it’s difficult to....
Here's what we are focusing on in today's bitcoin price watch, for the morning session on Wednesday. Sometimes it can be difficult to transfer what would be a traditional charting pattern in another, more commonly traded financial asset, to the bitcoin space. The ebbs and flows on the narrower timeframes are a lot more volatile based on the thin (relative) liquidity, and this creates all sorts of issues as far as target placement, completion and risk management is concerned. This doesn’t mean, however, it’s an impossible task. We’ve successfully brought both the head and shoulders pattern....
Here's a look at what we are focusing on in the bitcoin price this morning. Once again, overnight, we have seen some pretty volatile action in the bitcoin price. For the last couple of weeks, this volatility has become something of the norm, and on a number of occasions, we’ve had to narrow our time frames into the one-minute chart in order to define some levels that are narrow enough for us to take advantage of our breakout strategy during the European session. This morning is one of those occasions. As you will see from the chart below, we’re using the one-minute chart, and even that is....
Here's what we are looking at in the bitcoin price this evening. So that’s it for the end of the day – markets are drawing to a close out of Europe and our European session bitcoin price trading is shifting to the late US session. In this morning’s analysis, we widened things out a little bit, and put forward a pretty large range to go forward into the European morning session with. This is very much still in place – we haven’t managed to get into any trades on this range as yet (this isn’t unexpected, the wider ranges need a little bit more time to play out) but that doesn’t mean we can’t....