Bitcoin Price Watch: This Week’s Strategy
Here's what we are looking at trading this week in the bitcoin market, with targets and stops defined. Last week we had a pretty tough week in the bitcoin price market. Both our intrarange and our breakout strategies got chopped around, and we took a number of stop loss hits as a result. One thing we did correctly predict was some high volume over the weekend and – as a result – some sharp moves. Action during yesterday evening in Europe saw a steep decline of some heavy selling volume. Based on the time of the decline it’s reasonable to conclude that much of the sell off came out of Asia,....
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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....
Unlike last week, when we tried to incorporate a range of technical charting patterns into our bitcoin price trading strategy, this week’s strategy has been pretty straightforward. When we see s sustained directional bias (in this case, to the upside) it’s often just a matter of stepping up the key levels with each new formation swing high, and rerunning the same approach – similar distance targets, tights stops, nothing too aggressive. In yesterday’s analysis we set up against a potential upside break, and overnight we got the break – not without a brief downside correction, however, but....
Here's a look at what we are focusing on in the bitcoin price this morning. So we’re off to a fresh week’s trading in the bitcoin price, and with any luck, we’ll get a repeat of the action we saw during last week’s sessions. Volume picked up on the back of raised participant rates, and the frequency of breakout entry opportunities increased. Not only that, but the momentum driven by the volume increase meant that we saw a few nice sustained movements on our entries, and this enabled us to get in and out according to our intraday strategy and stay in until our take profit hit. Those who....
Here is our slightly altered (but hopefully just as effective) bitcoin price watch intraday strategy for Friday's European session. Those who have followed along with our bitcoin price watch pieces over the last few weeks will have noticed a common thread running through our strategy. We’ve been defining relatively tight ranges and skipping in and out of the markets with these ranges on breakout scalp trades. It’s been somewhat effective but there have been some pretty frustrating periods through which we’ve had to sit and stay net flat in the markets. Well, to mix things up a little....
Here's what we are focusing on in the bitcoin price this morning - Monday, April 25. One thing we noticed on a number of occasions across the last few months, is the tendency for the weekly price to slow down towards the end of the week [Thursday, Friday] and then pick up some momentum over the weekend. This usually results in some large gains [ although we have seen a couple of losses], and rightly occurs as a result of a volume surge out of Asia. Action has now matured over the weekend, and as we head into a fresh week’s worth of trading in the bitcoin....