Bitcoin Price Watch; Scalp Strategy in Play
Here's what we are focusing on for today's session in the bitcoin price, with a primary strategy of scalping for profit. The European session is about to begin, and action overnight in the bitcoin price has given us plenty to go at as far as interpretation is concerned. We got the nearing completion of a classical technical pattern – specifically, an upward sloping triangle – and some overnight highs to round off our parameters with solid support. To the downside, we’ve also got some pretty clearly defined parameters that we can use to get in short if action affords us an opportunity to do....
Related News
Here are the levels we are focusing on for tonight's bitcoin price scalp strategy. Our analysis this morning highlighted the range we would be focusing on throughout the European morning session, and since publication, we’ve not really seen too much movement. The bitcoin price remains well within the predefined parameters, and we decided not to bring our intrarange strategy into play, so as yet we remain out of the market and net flat for the day. As a result, and to make things a little more interesting this evening, we are going to focus on our scalp framework. Specifically, we’re going....
In this morning's bitcoin price watch piece, we highlighted the levels that we would be looking at as today's European session matured. We suggested that - as a response t the recent tight action we have seen so far this week - we would tighten our range and bring a scalp breakout strategy in to play. Action has now matured throughout the session, and as we head into a new Asian session this evening, what are the levels we are looking to get in and out at tonight, and where will we define tonight's range? Further, how did today's action play out in light of our intraday scalp strategy?....
Here's what we are looking to trade in tonight's bitcoin market - specifically our scalp strategy. Earlier on this morning, in our twice daily bitcoin price watch piece, we noted that after the rough and tumble week we’ve seen, we may see some sideways action throughout today’s session. We hoped it wouldn’t be the case (breakout trading is far more exciting than sitting flat in the markets) but we’re net black on the week so far and we wouldn’t want to jeopardize that with some recklessness, so we’d accept the sideways action if it came about. As things have turned out, that’s exactly what....
Late yesterday evening, we published our twice-daily bitcoin price watch piece. In the piece, we highlighted a few of the key levels that we would be watching as price matured throughout the evening on Wednesday, and suggested how we might respond to price reaching some of reaching these levels in terms of entering according to our scalp strategy and drawing profit from the market. Now the bitcoin price has matured overnight, what are the levels we are keeping an eye on during Thursday's session, and how can we apply our scalp strategy to today's volatility? Take a quick look at the chart....
Here's a look at what we are focusing on in the bitcoin price this evening. So that is Thursday done, and the week has nearly drawn to a close. Once again, we have had a pretty interesting day in the bitcoin price, and we have had the opportunity to get in and out of the markets according to our intraday strategy on a number of occasions. Tonight, we’re going to narrow things in a little bit, and go at a breakout scalp strategy in an attempt to take advantage of some tight movement. So, with this in mind, and as we head into the Asian session early morning tomorrow morning (and of course....