Bitcoin Price Watch; More Upside Today?
Here's what we are looking at in today's bitcoin price, European morning session on Wednesday. Once again, let’s kick things of with a chart. The chart below shows the action we saw in the bitcoin price across the Wednesday evening session, and has the range we defined as being the one to watch across the session overlaid. As illustrated, the chart shows price breaking through our pre designated in term support shortly after our publication of the analysis, and pretty much immediately running up to takeout our target (well, a small correction aside) at 444 flat. Following the breakout,....
Related News
Here's a look at what we are focusing on in the bitcoin price this morning. It’s Thursday morning, and we are about to head into a fresh session out of Europe. In last night’s bitcoin price analysis, we noted that price had broken to the upside and that – as a result – things looked good for some further upside momentum. We tentatively slated 800 as a level to watch on the horizon, with that being the next major psychological target, but we also pinned a couple of nearer term levels as being ones to watch, with the goal of taking out a few profit targets on the way up to the big eight oh....
Last night we published our twice daily bitcoin price watch piece a little later than normal in an attempt to hold out for some volatility. We tightened our key levels based on the action we had seen over the last few days, and brought out both our scalp and intrarange strategies. Action has now matured throughout the night, and as we head into a fresh day's trading, how are going to approach the bitcoin price today, and what are we looking for during today's European session? Take a quick look at the chart below to get an idea of what we're watching. As the chart shows, we have brought....
Earlier this morning we published our pre-session bitcoin price watch piece. We suggested the levels to watch in the bitcoin price throughout today's European session, and pointed out that we had finally seen some action in the bitcoin market over the weekend, and that we would be looking to draw on this volatility to get in and out of the markets today. Action has now matured, and as we head into the Asian session this evening - what are the levels that we are watching tonight, and are we looking at a range bound, or breakout strategy going forward? Let's take a look. First, consider the....
Here's what we are looking to trade in today's bitcoin price market. Breakout strategy, targets and risk annotated. Well, we’ve finally gotten some volatility in the bitcoin price. Not exactly the type we’d hoped for from a long term perspective, but it’s given us an excuse to get in to a couple of positions overnight and that’s done enough to abate the patience issues we discussed in yesterday morning bitcoin price watch analysis. How things will play out today remains to be seen, but with the bitcoin price having wound up in a consolidatory phase for nearly a full week (if we include the....
At the end of last week, we published our twice-daily bitcoin price watch piece. In the piece, we highlighted a few of the key levels that we would be keeping an eye on in the bitcoin price over the weekend, and suggested how we would respond to price breaking or reaching these levels as far as entering on our intraday scalp strategy was concerned. Now action has matured over the weekend and we have seen quite a lot of volatility so, with this said, what are we watching today, and how might we draw profit from the market throughout the European session? Take a quick look at the chart. As....