Bitcoin Price Watch; Price Soars Through 550 – More Upside to Come?
Here’s what we are focusing on for this evening's session in the bitcoin price. The weekend is pretty much upon us, and with it, we are drawing to a close yet another week’s worth of action in the bitcoin price, Our trading has been relatively subdued so far, primarily as a result of the lack of any real sustained momentum in the markets throughout the early days of this week. This doesn’t mean we haven’t been able to get into any positions however. Today’s action brought with it some solid upside action, and we were able to get in long a little earlier on this morning (pretty much....
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Late last night, when we published the second of our twice daily bitcoin price watch pieces, the market was hovering around the $300 mark. Action has now matured across the Asian session, and we are heading into a fresh European session today. As we head into the session, where is the bitcoin price currently trading, what happened overnight, and how has the Asian session influenced our strategy for today's session? Take a quick look at the chart to get an idea of what we're watching. As the chart shows, the levels in focus for todays session are in term support at 304.75 and in term....
Late last night, we published the second of our twice-daily Bitcoin price watch pieces. In the article, we highlighted the fact that a symmetrical triangle was forming in the Bitcoin price, and that action had confined itself within this triangle for the past couple of days. We also noted that-in combination with our standard breakout strategy-we would use this triangle to help us get in and out of the markets overnight. Action has now matured throughout the Asian session, and as we head into today's European afternoon, what are the levels to watch, and where will we define our risk and....
Here's a look at what we are focusing on in the bitcoin price this morning. It’s Thursday morning, and we are about to head into a fresh session out of Europe. In last night’s bitcoin price analysis, we noted that price had broken to the upside and that – as a result – things looked good for some further upside momentum. We tentatively slated 800 as a level to watch on the horizon, with that being the next major psychological target, but we also pinned a couple of nearer term levels as being ones to watch, with the goal of taking out a few profit targets on the way up to the big eight oh....
Yesterday evening, in our twice daily bitcoin price watch piece, we published our take on the bitcoin price for the evening session. We hypothesized that - on the back of the momentum we had seen throughout the majority of the last few weeks, we would see further bullish momentum. If we did, we suggested we would enter towards 400 flat as an immediate upside target. We also noted that this level would likely serve up some interim resistance (primarily because of the psychology of such a key level. As it has turned out, one of our hypothesis turned out correct, and the other not so much.....
There sees to be no limit to the upside potential we are seeing in the bitcoin price at the moment. Fundamentally, there have been no real developments (nothing that differs from the usual bitcoin news updates, at least) and so the momentum we are seeing looks t be purely sentiment driven. People are finally coming around to the idea that bitcoin can serve as a risk off asset and, as a result, the bitcoin price is picking up pace. The action we have seen as late has made for an interesting few weeks for our intraday strategy, with the primary focus having been to the upside through....