Bitcoin Price Watch; Chopped Out But Moving Forward
Here’s what we are focusing on for this evening's session in the bitcoin price. In this morning’s article, the primary focus was the widening out of our bitcoin price range, and how we would use this wide range to trade an intrarange strategy. Ironically, it’s the first time we’ve done this in a couple of weeks, and it has gone against us. Normally, we implement a breakout strategy in anticipation of price breaking through our key levels and continuing as part of a sustained run in a particular direction – be that long or short. In this instance, however, we looked to trade on a correction....
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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 a look at what we are focusing on in the bitcoin price this morning. So let’s get things kicked off this morning. The week has been slow so far and we’ve not had too much action to go at. This isn’t too much of a big deal, as we’re still riding the wave of last week’s gains, and we don’t want to rush in to any trades and get chopped out of the markets prematurely. Last night we noted that the choppy action was a bit of a concern, given that price had trended pretty flat (albeit with a slight downside bias) throughout the afternoon session, and that the low volume might make for....
Here's a look at what we are focusing on in the bitcoin price this evening. Okay, that’s the European session done for today, let’s move on to the US afternoon and – beyond that – into the Asian session tonight. The bitcoin price has been relatively flat throughout the majority of the day, and we ended up getting chopped out of a trade earlier on this morning. It is not a great way to kick off the week, but it is not terrible, and we have to accept some losses now and again. Let’s hope we have got them out the way early, and that going forward, we can recuperate the lost capital and more.....
Here's a look at what we are focusing on in the bitcoin price this morning. OK, overnight action was a little strange last night. We saw price break through the level we had predefined as being one to watch in the early evening session, and managed to get in and out of the markets according to our intraday strategy as a result. However shortly after our trade closed out, the bitcoin price took a dive, and gapped down to fresh weekly lows somewhere in the region of 1010, or just a little lower. Just as price started to look as though it was set for a retest of the 1000 flat level, the spike....
Here's a look at what we are focusing on in the bitcoin price this morning. Right. It’s Tuesday morning, and it’s time to take the first of our twice-daily looks at the bitcoin price in an attempt to figure out a method of drawing a profit from the market on any volatility we see during today’s action. Things have been pretty rough so far this week. We got chopped out during yesterday’s session, and overnight we didn’t really manage to get into too many different positions. One or two here and there, but also a loss, and we’re only just about net flat as things stand. With any luck, things....