Bitcoin Price Watch; Breaking Down Today’s Action
Here's what we are focusing on for this morning's session out of Europe in the bitcoin price. Yesterday evening, we published the second of our twice-daily bitcoin price analyses. Our primary concern in the piece, was that bitcoin had gained so much throughout the day, but that as a result, expected a pretty wide scale correction on these gains. The only problem was that we did not know when this correction would come, or how severe it might be. As markets booked profits on the speculative portion of the volume, a domino effect could quickly take hold. Of course, the sustained upside....
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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....
Here's what we are looking to trade in the bitcoin price for this evening's session out of Europe. The European session is now drawing to a close, and its time to perform the second of our twice daily bitcoin price watch analyses. As we mentioned this morning, action over the weekend was pretty flat – something of an anomaly when considered in line with the sharp, volatile action we’ve seen during the weekend over the last few months. As things have turned out, action throughout today’s session has mirrored that which we saw over the weekend. Specifically, we’ve not really seen any....
In this morning’s bitcoin price watch analysis, we noted that the range we were focusing on was pretty much exactly the same as that which we outlined yesterday evening – albeit with some slightly altered risk management and profit target parameters. We headed into today’s session with the intention of bringing both our intrarange and our breakout strategies into play, with the goal of drawing a profit from the market as we head into the latter end of the week. Action has now matured throughout the session, and we are about to head into the US afternoon – and beyond that – the Asian Friday....
Here's a look at what we are focusing on in the bitcoin price this evening. So that’s another day done in the bitcoin price markets (at least out of Europe) and there’s been plenty of action during today’s session that we can look at, and use for tonight’s late US trading. Instead of rambling on like we normally do in this part of the analysis, we’re going to get straight to the action. Get a look at the chart below before we do, so as to ensure you’re familiar with the levels we are focusing on, and the action that’s brought us there throughout today’s European session. So, let’s get....
Here's what we are looking to trade on any volatility in the bitcoin price on an intraday basis this evening. In this morning’s bitcoin price watch piece, we looked at the action we had seen overnight in the bitcoin price, and suggested that we might be looking at a sustained move for today’s session. The range we outlined was pretty tight, though concurrently wide enough for us to bring both our intrarange and breakout strategies to the table. Action throughout this morning was pretty tight, until we spiked just now, and this has redefined tonight’s parameters. Take a look at the chart....