Bitcoin Price Watch; Scalp Trade Is On
A scalp pattern has presented itself in the bitcoin price, here's how we are looking to trade it. For this evening’s analysis, we’re going to go at our bitcoin price strategy a little different than normal. A look at the cart below reveals the formation of an upward sloping triangle during the European session, and this has offered up an opportunity to scalp the markets. We can still define a range for the longer term breakout approach, but a few dollar scalp is always a nice quick turnaround position, so as we head into the close of the European session and move into the US afternoon,....
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Here's a look at what we are focusing on in the bitcoin price this morning. It’s Tuesday morning, and time to take the first of our twice daily looks at the bitcoin price. Yesterday we got chopped out on a false breakout, but overnight we managed to draw a small profit from the markets on a scalp trade on the short side. Today we are going to attempt to replicate our overnight success with a similar strategy. Specifically, outline a relatively tight range and look to get in on a short term scalp trade if price closes outside of the range, with a position in line with the direction of the....
Here's a look at what we are focusing on in the bitcoin price this evening. So that’s it for the day – the European markets have now drawn to a close, and it’s time to take a look at the second of our twice daily bitcoin price analyses. We’ve had a pretty rough day from a trading perspective. With this morning’s setup, we looked to get in and out on the breaking of support or resistance, and go after a relatively short term target. A scalp target. Because of our scalp targets, we had to put in place some equally tight risk management parameters, and use these to ensure we got out of the....
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....
Here's what we are looking at trading in the markets this evening, alongside a look at our latest bitcoin price live trade. The Wednesday session is drawing to a close in Europe, and it’s time to take our second look at what the markets presented today, and in turn, use this action to put forward a potential trading strategy as we head into the US afternoon, and beyond that, into the Asian session this evening. In this morning’s bitcoin price analysis, the primary focus was a very tight range, which we said we would use to scalp the bitcoin price, on any breakout action. The range was only....
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....