Bitcoin Price Watch; Reiterating the 600 Target
Here’s what we are focusing on for this evening's session in the bitcoin price. So we are coming to a close of the first day of the week in the bitcoin price market, and it’s time for us to take a look at how action during today’s session has impacted on out strategy. Further we need to address how this impact is going to play out this evening from our point of view. So, without further ado, let’s get to the details. First, a quick look at today’s action. The chart below shows the action seen in todays market (it’s clean, we’ll add some key levels shortly). So as the chart shows, action....
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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 intent was to get across the importance of keeping things tight during the European session. Price has struggled to make any sort of sustained moves over the last few days, and while we have seen the odd spike, there has been no real trend momentum. The only way we are able to draw a profit from these sorts of market conditions is through a tight scalp strategy – that is, jumping in and out of the markets on the spikes and taking advantage of the action as....
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....
Earlier this morning we published our twice-daily bitcoin price watch piece, highlighting the levels we will be watching on an intraday basis to help us form a directional bias, and the way we would respond to price reaching these levels as far as position entries are concerned. Now action has matured throughout the day, and movement in the bitcoin price has presented us with a couple of fresh key levels to keep an eye on as we head into the US afternoon session. So, with this said, what are we looking at? Take a quick look at the chart. As the chart shows, shortly after we published this....
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....
Here's a look at what we are focusing on in the bitcoin price this morning. It seems price is teasing us a little at he moment. Just as we get up to the region around which we can start targeting the 800 flat mark as an initial upside target and – beyond that – use it as resistance, the bitcoin price breaks to the downside and we get a correction to spoil the party. Overnight action did just that. Those who read last night’s coverage will know we were looking at one final upside run ahead of an 800 target, and that price looked like it might well make that run before we got back to the....