Bitcoin Price Watch; Tightening the Range

Here's what we are looking to trade in the bitcoin price this afternoon. In this morning’s bitcoin price watch piece focusing on today’s session, we noted that as a result of action overnight, we would be tightening our range, and approaching the market with a pure breakout strategy (rather than a combination of our breakout and our intra-range approaches). Action has now matured across the European morning session, and we are about to head into the US afternoon and beyond that – into the Asian session tonight. With this in mind, and as we move forward into the aforementioned periods, what....

Yesterday afternoon we noted that action in the bitcoin price seemed to have tightened up, and that as a result, we were going to tighten up the ranges we were trading (alongside our risk management and target parameters) to accommodate these conditions. The hope was, that by tightening things up, we would be able to get in on any volatility, however small, and draw a quick profit from what look to be very uncertain markets. As it turns out, things didn’t work out quite as we’d hoped. The bitcoin price remained pretty much within the range we slated as the one to watch overnight, until a....

So they were going to do something little bit different in our twice-daily bitcoin price watch piece. Over the past week we have pointed out that action in the bitcoin price has been relatively muted, and that it has not been enough to get us in or out of the markets according to our breakout strategy. Even tighter action scalp strategy has failed to really generate any market action, and so during today's session, we will focus solely on our intra-range strategy. Overnight, we did see some old and down movement during the Asian session, and so there is a chance that - by focusing on the....

Here's a look at what we are focusing on in the bitcoin price this morning. So, we are a little into the Europeans session on Wednesday, and it’s been an interesting week so far. Things have been up and down, and we’ve been chopped out a couple of times, but we’ve also managed to get in and out according to our intraday strategy for some nice wins. Midway through the week is where we start to look towards the close of play, and see how our net position is looking likely to play out. Things look ok right now for a weekly net gain, so we are going to go for a real tight range on the session....

Here's what we are focusing on this morning in the bitcoin price. In last night’s bitcoin price watch analysis piece, we highlighted a range that was quite a lot wider than those we have looked at across the last few weeks. This was in response to the volatility we saw over the weekend, and the opportunity this afforded us for an intra-range approach, rather than just our standard breakout strategy. Overnight, action didn’t mimic the volatility that we saw on Sunday, and pretty much just trended within the range we had predefined. Admittedly, it was a wide range, so it was optimistic to....