Bitcoin Price Watch; Shifting Strategy Focus
Here's what we are looking at for tonight's session in the bitcoin price. We’ve had another pretty flat day in the bitcoin price, and so we are going to adapt our strategy to focus on intrarange, in an attempt to pick up a position based on action between support and resistance. Of course, we’ll keep our breakout strategy on the backburner, as a bit of volatility can come at any time, but from a charting perspective, our focus is going to be on the bounces and corrections, instead of the sustained directional movements. So, with this in mind, let’s have a look at what we’re focusing on for....
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So they were going to do something little bit different in our twice-daily bitcoin price watch piece. Over the past week we have pointed out that action in the bitcoin price has been relatively muted, and that it has not been enough to get us in or out of the markets according to our breakout strategy. Even tighter action scalp strategy has failed to really generate any market action, and so during today's session, we will focus solely on our intra-range strategy. Overnight, we did see some old and down movement during the Asian session, and so there is a chance that - by focusing on the....
Here's how we are shifting our range to take advantage of some intrarange action in the bitcoin price today. It’s Wednesday, and we can safely say that action in the bitcoin price, at leas on an intraday basis, has been nothing special so far this week. Things have remained relatively flat on very little fundamental updates, and a solid lack of catalysts has rendered our breakout strategy pretty ineffective. In order to take a profit from the market according to our strategy, we need two things. The first, a break in either direct, and a close above of below the level we slate as the one....
Here's what's on tonight in the bitcoin price in terms of our intraday strategy. Entries, stops and targets. In this morning’s analysis, we noted that the latest action in the bitcoin price allowed us to bring a step-up strategy into play; specifically, shifting our key levels to the upside on every move in line with the overarching bias, in anticipation of a continuation. Unfortunately, we seem to have come to a corrective phase, and that’s made our strategy difficult to execute. We got into a trade a little earlier today, but having failed to pick up any real upside momentum, the bitcoin....
Here's a look at what we are focusing on in the bitcoin price this evening. The day is drawing to a close in Europe, and it’s time for us to take a second look at the bitcoin price and see how our strategy played out. Things have been pretty volatile over the last couple of weeks, and this morning we were able to widen out our range (by way of shifting to a fifteen-minute timeframe instead of the five-minute frame we have been looking at as-late). This – in turn – meant we were able to go at action using both our breakout and our intrarange strategies; well, set up to incorporate them into....
Action has been pretty tight in the bitcoin price over the last week or so, and - despite a certain amount of volatility - getting in and out of the markets according to our intraday breakout strategy has been pretty difficult. There have been number of opportunities, but we have also been stopped out on occasion, and - as we head into the latter half of the week - the bitcoin price doesn't look like it's going to move too far in either direction - at least not on its own (we may see some fundamental driver inject some volatility, but as yet we cannot count for it). So, with this said, for....