Bitcoin Price Watch; Tonight’s Asian Session
The European session is drawing to a close, and it’s heading into lunch time in the US. As usual, this means it’s time for the second of our twice daily bitcoin price watch analysis pieces, so here goes. First, we will have a quick look at what action threw out today, and then we can interpret this action and use it to try and figure out how we can approach this evening’s trading. So, to kick things off, take a quick look at the chart below. It represents action seen during the last 24 or so hours. As the chart shows, volume this morning was pretty low, and price action has remained well....
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Here's a look at what we are focusing on in the bitcoin price this evening. So the day has now drawn to a close, and it’s time to have a look at how our bitcoin price watch strategy performed throughout the European session, and adapt to its influence on our strategy for tonight’s session. Earlier today, we noted that price had finally pushed through its long term range under the pressure of some upside momentum, and that we would be looking for this upside momentum to carry through to the daily session as an initial bias. Well, we’ve not seen a solid continuation, but we did get a bit of....
In this morning’s bitcoin price watch piece, we discussed the effect that the Christmas season has on financial assets. For those that missed it, we noted that due to a lack of trading volume, we might get a few spikes as we head into the New Year. Action has now matured throughout the session, and our predictions came in as expected. Price broke out to the upside on some pretty light volume, and we head into tonight’s Asian session having carved out fresh weekly highs today. So, with all this taken into consideration, what are we looking to trade this evening, and where has action in the....
Here's a look at what we are focusing on in the bitcoin price this evening. When we conducted the first of our two bitcoin price watch piece analyses this morning, we went into markets with something of a bullish bias. Action has now matured throughout the European session on Friday, and this bias looks to have been a bit premature. Price has been a bit choppy throughout the day today, without breaking either of our key levels, and as a result, this has meant that we haven’t managed to get into any substantial trades as yet. This isn’t a bad thing, it just means we have to be a little bit....