Bitcoin Price Watch; Here’s What We’re Watching Tonight
Here's what we are looking at for this evening’s session in the bitcoin price charts. Ok, so this is where things stand. The bitcoin price took us out of our predefined range momentarily a little earlier on today, and according to the intraday strategy we described this morning, put us long in the markets. However, before the charts could form another candle, price returned to trade within the range, and took out our stop for a small loss on the first trade of the week. Since the taking out of our stop, price has remained relatively flat, and we are going to tighten things up a little for....
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In this morning's bitcoin price watch piece we highlighted the levels that we were keeping an eye on throughout today's European session. Action has now matured throughout the day and - at a time when global markets are breaking to the downside - there has been plenty of volatility in the bitcoin price. As we head into a fresh Asian session, what are the levels we are watching tonight, and where will we be looking to get in and out of the markets according to our intraday strategy if we get a repeat of European volatility? Take a quick look at the chart. As the chart shows, action today....
Here's what we are looking at for tonight's bitcoin price watch, with a focus on our standard breakout strategy against a slightly altered framework. So the European session has now come to an end in the bitcoin price, and it’s time to publish our take on what action throughout today’s session suggests about what we are looking at for tonight’s session. It has been a pretty interesting 24 hours, with action overnight kicking off the beginnings of what turned out to be a pretty large, sustained upside move – and in doing so – giving us a couple of nice opportunities to get in to the upside....
So this morning we published our twice daily bitcoin price watch piece, highlighting the levels that we would be looking at during Monday's European session. Action has now matured throughout the day, and as we head into a fresh Asian session this evening, what are the levels we are watching in tonight's bitcoin price market, and where will we look to get in and out according to our intraday strategy. Further, how did today's strategy fare? Did we manage to get into a trade, or has action kept us out of the markets? Let's take a look. First - have a glance at the chart below to get an idea....
Here's what we are going to watch for tonight's session in the bitcoin price. Before we get started on this evening’s analysis, there are two things worth pointing out from this morning’s publication. The first, that we remain well within the range we slated, which likely means that we’ve seen the end of last’s night’s decline, at least temporarily. Second, that we did get a brief correction, and we managed to pick out the reversal point almost to the cent. Bragging rights aside, why is this important? Well, it validates our upside key level (i.e. resistance) and suggests there’s probably....
A little earlier on today, in our morning bitcoin price watch piece, we noted that the overarching momentum in the bitcoin price was to the downside, and that we would incorporate this into our intraday breakout strategy as we headed into a fresh week's trading today. Action has now matured, and we have seen a continuation of the trend, as expected. However, pre-decline, we got a little bit of upside momentum, and this put us in a long entry according to our predefined entry levels (outlined earlier here). Unfortunately, we were quickly taken out of the trade, as price reversed to trade....