Bitcoin Price Watch: Patience is King
Sometimes, oftentimes even, trading financial instruments can be very boring. There’s an old saying that goes something like this: more money is made by knowing when to stay out of the markets than when to get in, and throughout all my trading history, I’ve come to believe this statement is key to a profitable trading career. Overtrading is a sure fire way to quickly lose money in the financial markets, especially on the intraday charts – we’ve got to let the markets tell us when to enter, and only enter when certain factors come together to form a signal, with these factors defined as a....
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Here's a look at what we are focusing on in the bitcoin price this morning. Overnight action in the bitcoin price was a little strange. Before the European session shutdown for the evening last night, we published the second of our twice-daily bitcoin price watch pieces, and in the piece, we highlighted what we thought was a relatively tight range as being one to watch from a breakout perspective. Because the range was so tight, we decided not to go at price with an intrarange approach, and – early evening – this seemed to be a solid strategy. We didn’t manage to get into any trades, but....
Here's what we are looking to trade in today's bitcoin price market. Breakout strategy, targets and risk annotated. Well, we’ve finally gotten some volatility in the bitcoin price. Not exactly the type we’d hoped for from a long term perspective, but it’s given us an excuse to get in to a couple of positions overnight and that’s done enough to abate the patience issues we discussed in yesterday morning bitcoin price watch analysis. How things will play out today remains to be seen, but with the bitcoin price having wound up in a consolidatory phase for nearly a full week (if we include the....
Burger King is giving away 20 bitcoin, 200 ether, and two million dogecoin this month in partnership with trading platform Robinhood. “Each entrant may receive up to 21 Prize Codes” that can be redeemed for cryptocurrencies on Robinhood.
‘Burger King With a Side of Crypto’
Fast food restaurant chain Burger King has announced “Burger King with a side of crypto,” its newest offer for Royal Perks members.
To be eligible to participate, customers must “make a minimum $5.00 pre-tax Burger King (‘BK’) food....
According to this pseudonymous analyst, the second leg of the bull market is still far ahead. And we’ll all need patience to get there. Using the Sentient Trader technical analysis software, Charting Cycles predicts that we’re still at least a couple of months away from the end of the… cycle. We haven’t put the 18 […]
We're mixing things up a bit for this afternoon's session in our intraday strategy. Here's how. Patience is a key component of any financial asset trading strategy, and the last 48 hours or so have demanded plenty of it. Aside from the early morning breakout that reversed and took out our short position for a loss (the one we discussed in this morning’s bitcoin price watch article), we’ve had tow days of pretty flat trading, and no real entry points to speak of. Of course, when it comes to detailing this sort of analysis, to keep reiterating the same key levels doesn’t make for....