Bitcoin Price Watch; This Evening’s Targets…
Here are the levels we are looking to trade in this evening's bitcoin price market. So we are about to close out the session in Europe, and action has been pretty much flat throughout the day. In this morning’s analysis, we said we would attempt to focus on both the intrarange side of our strategy and the breakout element, but we haven’t really had any opportunity to do either. Price came close to activating a short intrarange trade, but didn’t actually reach resistance to initiate the position, so we have remained net flat in the market all day. With any luck, action will liven up a....
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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....
Here's what's on for our final session in the bitcoin price watch analysis strategy this week. So we are going to make things as simple as possible for our final price trading session of the week, and narrow our range right in to something like a fifteen dollar split. This gives us the chance to take advantage of any tight movement as we head into the weekend. Why are we doing this? Well, those reading will likely be aware of the action seen across the last few days, and the impact this has had on what we are now looking at as a potential upside price ceiling. However, this said, price has....
The end of the European session is here, and it’s time to take a look at action in the bitcoin price today with a view to setting up a strategy for this evening. We got a bit of volatility earlier today, and managed to get in on a downside break for a quick scalp profit. Whether we will get a repeat of this volatility moving forward remains to be seen – there’s not been too much to speak of across the last few hours, and volume has been pretty weak. This may change as the US session heats up pre-close, and as the Asian session kicks off early morning. With that said, we’ve got a pretty....
Here’s what we are focusing on for this evening's session in the bitcoin price. So it’s time for the second of our twice daily bitcoin price analyses, and things aren’t going to be all that different from this morning. Action throughout the day has been relatively flat, although we did get a bit of a breakout, and managed to get into a long entry earlier in the day. This said, we were quickly stopped out, and we enter this evening’s session net flat in the markets. So, with this said, as we head into this evening’s session in the bitcoin price market, what are we looking at from an entry....
Here's a look at what we are focusing on in the bitcoin price this evening. Well that’s it for another day, and the bitcoin price has not really moved across the entire session. We saw price dip below 800 temporarily, but it recovered quickly to current levels around four dollars clear of the threshold. Unfortunately for us, and as per the rules of our strategy outlined as part of this morning’s analysis, we got in short on the break and were quickly taken out of the trade as price returned to trade above 800 and took out our stop. This isn’t great, but its also not a huge issue. We’re in....