Bitcoin Price Watch; Switching up the time frames
Here's what we are looking at in the bitcoin price this morning out of Europe We are going to start off this morning’s analysis with a daily chart. It’s little more expansive a time frame than we normally focus on, but it offers us some insight, so it’s worth looking at quickly. As the chart below shows, action in the bitcoin price has, over the last few weeks, formed something of a triangle at the end of an upside run. We are going to use this triangle to help form our bias today – specifically, a break of the triangle’s outer perimeters (in either direction) will dictate our medium to....
Related News
Here's a primer on multi time frame analysis, and how we are going to use it ahead of tomorrow morning's intraday parameter setting. Things have been a little dull on the bitcoin price intraday charts over the last week or so, and we’ve had to reiterate a number of our levels across some pretty insignificant movements in these twice daily bitcoin price watch pieces as a result. This morning we covered a pretty solid range, and things remain well within that range as I write this, so as to avoid repeating our positions, this evening’s price watch piece will be something a little different.....
Here is our slightly altered (but hopefully just as effective) bitcoin price watch intraday strategy for Friday's European session. Those who have followed along with our bitcoin price watch pieces over the last few weeks will have noticed a common thread running through our strategy. We’ve been defining relatively tight ranges and skipping in and out of the markets with these ranges on breakout scalp trades. It’s been somewhat effective but there have been some pretty frustrating periods through which we’ve had to sit and stay net flat in the markets. Well, to mix things up a little....
Here's a look at what we are focusing on in the bitcoin price this evening. In this morning’s bitcoin price watch analysis, our primary focus was a tight range, and a strategy that involved using some scalp breakout targets to take advantage of that range. We noted that given recent action (volatile, but only short term, and only on the smaller time frames) we would likely need to maintain this type of scalp strategy for the foreseeable future – at least until things picked up fundamentally. We haven’t really had any major fundamental catalysts as late, and this has translated to some....
As the new NFL season picks up, Bitcoin users now have the option to watch any game each week, for a fraction of the price. Watching the NFL With Bitcoin. NFL fans rejoice! A new season is upon us. But for many, watching their favorite teams can be costly and problematic. Now, a new option called Freecast lets people watch any game, including premium and....
Here's a look at what we are focusing on in the bitcoin price this morning. Right, we’re mid way through the week, and it’s been a little bit unpredictable so far. The bitcoin price has sort of settled into a circa $20 range trending between the 700 flat mark to the downside and the 720-30 mark to the upside. There’s an obvious opportunity on the slightly longer term charts to take advantage of this range and have a go at intrarange trading, but on the narrow time frames, such as the one we are looking at twice a day, it’s not that simple. We’ve preferred a breakout strategy over the last....