Bitcoin Price Watch; Patience…
Here’s what we are focusing on for this morning’s session in the bitcoin price. As a result of the pretty lackluster bitcoin price action we have seen across the bitcoin markets over the last few days, these analyses are probably getting pretty tedious for some. Indeed, the ability to stay out of the markets and not enter trades based on our standard strategies is similarly tedious. When we entered the week, we did so off the back of some large upside gains initiated over the weekend on high volume. This suggested that we would see a pretty volatile week, and gave us plenty to look forward....
Related News
Here's a look at what we are focusing on in the bitcoin price this evening. Our analysis of the bitcoin price on an intraday basis is becoming relatively monotonous. We define a range in the morning, look to trade that range throughout the session that follows, be that intrarange or on a breakout strategy, and then evaluate the day’s trading come evening time. This evaluation makes for interesting reading if a) we have some trades to look over and discuss and b) we can use the action seen throughout the day’s session to put together a strategy for the evening’s trading. Unfortunately, for....
Yesterday afternoon, shortly before the markets closed in the UK, we published our bitcoin price watch piece highlighting the levels we would be keeping an eye on in the BTCUSD as the bitcoin price matured overnight. We've seen some considerable movement throughout this maturity, and our parameters - in terms of levels to watch - have changed. With this said, what happened overnight, and what will action around particular levels tells about a potential intraday bias as we head into a fresh day of trading? Take a quick look at the chart. As you can see, action in the bitcoin price overnight....
A little earlier on this morning, we published our twice daily bitcoin price watch piece. In the piece we outlined the levels we were looking to watch in the bitcoin market throughout Friday's session, and stated that - if we got the volatility we were looking for - we would look to enter according to our breakout strategy in an attempt to draw a short term scalp profit on the action. Action has now matured throughout the day, and we are heading into the close of the European session and the beginning of the weekend. In the majority of other financial assets, markets would be pitching to....
A little earlier on this morning, shortly before the markets opened in the UK, we published our bitcoin price watch article addressing how we would response to price reaching certain levels throughout Tuesday's European session. The primary focus of the piece was the sharp decline we saw in the bitcoin price overnight on Monday, and the overarching bearish bias - on both a technical and fundamental level - that this forced us to accept. Now price has matured throughout the European session, and we are about to open on a fresh US afternoon. With this said, what has price action told us....
A crypto analyst has shared a Dogecoin price chart over a daily time frame, highlighting key price levels to watch out for as the meme coin attempts to recover towards the coveted $1 milestone. Although the Dogecoin price has seen significant volatility and declines recently, the crypto analyst remains confident in the memecoin’s bullish outlook. […]