Bitcoin Price Watch; Downside Profit Position
For the second of today’s bitcoin price watch analyses, we are going to kick things off with a chart. The chart below shows the action price put forward this morning, with our earlier framework overlaid. To start off then, take a quick look at the chart. As the chart shows, action went against our initial upside bias, and broke through the level we had slated as support to the downside shortly before lunchtime in the UK. After this break, a sustained downside run carried price to our downside target, pretty much directly after the break in question. While we obviously prefer upside trades....
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Here’s what we are looking at as we head into a fresh day's trading in the bitcoin price market. Sometimes, short, sharp movements can offer up nice quick turnaround trades for our bitcoin price intraday strategy to take advantage of. After a week of two of strong fundamental shifts, and some technical highlights, we decided to batten down the hatches yesterday evening and tighten things up for a narrow scalp strategy. Things we had a live trade running as we took our positions, and this was a short scalp position with a narrow downside target, entered a little earlier in the day on a....
Action has been a bit choppy in the bitcoin price over the last few days, but it hasn't stopped us drawing a profit from the market. Here's what we are looking at in today's European markets and beyond. Yesterday afternoon, our bitcoin price watch article highlighted a bunch of key levels, and in the article, we were able to define a classical pattern that suggested – from a technical perspective, at least – we were set for a continuation of the downside break we saw a little earlier in the day. A look at the action that succeeded our analysis shows a mixed response to our predictions. We....
A little earlier on this morning, shortly before the UK session kicked off the day, we published our twice-daily bitcoin price watch piece. In the piece, we highlighted the downside action we had seen overnight in the BTCUSD on Thursday, and suggested a couple of key levels that we would be watching as the day matured to help us a) form a bias on an intraday basis and b) enter a position to draw a scalp profit from the markets. Action has now matured throughout the day, and - as we head into the weekend - we have gained some insight into the potential direction of the BTCUSD going forward.....
Let’s kick things off with a chart. The chart below highlights the action seen in the bitcoin price throughout today’s session, and has the framework we placed onto action earlier this morning overlaid. It’s a fifteen-minute candlestick. So, as the chart shows, having declined considerably overnight, the bitcoin price found support at a little ahead of 438, before correcting to the upside to trade in a pretty tight 440-444 range. This range has dominated action today, and gives us something to go at this evening, and beyond, into the Asian session tonight. Also of note is the completion of....
Here's a look at what we are focusing on in the bitcoin price this morning. OK, here we go. A fresh morning’s trading out of Europe, and plenty to go at given overnight action in the bitcoin price. In yesterday evening’s analysis, we noted that price had remained relatively flat throughout the majority of the European session on Monday, and that we might see a bit of volatility in the evening as the US session picked and – beyond that – we headed into the Asian overnight. Well, as expected, we did get a bit of movement, and it meant a couple of things. First, we were able to get in and out....