Bitcoin Price Watch; Breakout and Intra-Range Update
Here's what we are looking to trade this evening in the bitcoin price on Monday. When we published the first of our twice daily bitcoin price watch pieces this morning, we noted that – based on the volatility seen in the markets over the weekend – we would be a widen our standard range link in the region of $10 or $15, and in doing so, bring both our breakout and our intra-range strategies into play. We also highlighted a triangle that had formed on the 15 minute chart, and suggested that this triangle could represent a certain level of consolidation – and in turn – signal a return to the....
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As we mentioned in our last few bitcoin price watch analysis piece's, action over the past couple of days has been relatively muted. We have seen something of a stabilization following the volatility that we saw at the beginning of the week, and this has presented us with relatively few trading opportunities - at least as far as our scalp strategy is concerned. With this said, there is still an element of intra-range strategy that we can incorporate if things remain as are. So, as we head into Thursday evening, what are the levels we are keeping an eye on in the bitcoin price now, and how....
Yesterday afternoon, we published our twice-daily bitcoin price watch piece. In the piece, we highlighted the levels that we would be looking at around evening during the Asian session, and suggested that - as a result of the widening of our regular parameters - we could probably get in and out of the markets according to our intra-range strategy. Action has now matured overnight, and - as we head into a fresh European session - what of levels that we are keeping an eye on in the bitcoin price today, and how can we try and draw profit from the market on the back of these parameters? Take a....
Earlier this morning we published our twice daily bitcoin price watch piece. In the article, we highlighted the levels that we would be watching in the bitcoin price throughout Monday's European session, and suggested where we would look to get in and out of the markets according to our intra-range and breakout strategies. Action has now matured throughout the session, and - as we head into the Asian session on Monday evening - what are we looking for from the bitcoin price now? Take a quick look at the chart. As the chart shows, action today has been relatively tight, and - aside from....
Here's what we are focusing on this morning in the bitcoin price. In last night’s bitcoin price watch analysis piece, we highlighted a range that was quite a lot wider than those we have looked at across the last few weeks. This was in response to the volatility we saw over the weekend, and the opportunity this afforded us for an intra-range approach, rather than just our standard breakout strategy. Overnight, action didn’t mimic the volatility that we saw on Sunday, and pretty much just trended within the range we had predefined. Admittedly, it was a wide range, so it was optimistic to....
A little earlier on today, we published our twice daily bitcoin price watch piece. Based on the success of yesterday's intra range approach, we suggested we would look to incorporate two separate strategies into today's trading, and enter according to our key defined levels if either of the strategies afforded us an opportunity. Now action has matured over the European session, and as we head into the Asian session and, beyond that, the weekend, what are the levels that we are keeping an eye on - and can we move forward with both strategies? Take a quick look at the chart. As you can see,....