Bitcoin Price Watch; This Evening’s Strategy – Caution…
Here's what we are looking to trade in tonight's bitcoin price strategy plan. The day is about to draw to a close out of Europe in the bitcoin price, and the US afternoon is about to get underway. Beyond that, the Asian market will kick off sometime later on this evening, while Europe sleeps. With so much happening in the bitcoin space right now, there is plenty of volatility to go at from an intraday trading strategy perspective. This morning, we noted that we would be trading breakouts on the recently seen correction from yesterday’s highs, and that we would use the levels defined by....
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The European session is drawing to a close, and it’s heading into lunch time in the US. As usual, this means it’s time for the second of our twice daily bitcoin price watch analysis pieces, so here goes. First, we will have a quick look at what action threw out today, and then we can interpret this action and use it to try and figure out how we can approach this evening’s trading. So, to kick things off, take a quick look at the chart below. It represents action seen during the last 24 or so hours. As the chart shows, volume this morning was pretty low, and price action has remained well....
Here's a look at what we are focusing on in the bitcoin price this evening. Sometimes, we outline our key levels in the bitcoin price, and then action throughout the day disappoints. Specifically, when this happens, we generally see a ranging of price between the two levels in question, and a failure to break either resistance or support and, by proxy, a failure of our strategy to put us in any profitable trades. As things have turned out today, that’s exactly what has happened. Price basically bounced around our key support level for a short period, before ranging slowly towards....
Here's what's on for our final session in the bitcoin price watch analysis strategy this week. So we are going to make things as simple as possible for our final price trading session of the week, and narrow our range right in to something like a fifteen dollar split. This gives us the chance to take advantage of any tight movement as we head into the weekend. Why are we doing this? Well, those reading will likely be aware of the action seen across the last few days, and the impact this has had on what we are now looking at as a potential upside price ceiling. However, this said, price has....
Here's a look at what we are focusing on in the bitcoin price this evening. The trading day has now drawn to a close out of Europe, and it’s time to take a second look at the bitcoin price markets and see if we can’t outline an intraday strategy for this evening’s session out of Asia. Things have been pretty flat today, and since our intrarange strategy was off the table (by way of a narrowed range) we haven’t managed to get into any short term trades. It’s not a problem – at least we haven’t taken any losses – but it’s a little bit boring to sit through, and even more so to read about.....
The end of the European session is here, and it’s time to take a look at action in the bitcoin price today with a view to setting up a strategy for this evening. We got a bit of volatility earlier today, and managed to get in on a downside break for a quick scalp profit. Whether we will get a repeat of this volatility moving forward remains to be seen – there’s not been too much to speak of across the last few hours, and volume has been pretty weak. This may change as the US session heats up pre-close, and as the Asian session kicks off early morning. With that said, we’ve got a pretty....