Bitcoin Price Watch; Riding the Volatility
Here are our key levels for the Tuesday morning session out of Europe in the bitcoin price. One of the core concepts behind our approach to the recent volatility in the bitcoin price markets across the last week or so has been caution. The gains seen (primarily early to mid last week, but also over the weekend to some degree) have come around on the back of speculative volume, and as always, speculative volume must – at some point – fold into profit taking. The tough thing is knowing when a correction is just a correction, and when it’s the beginning of a wider market turnaround. Action....
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Here is what we are looking to trade in the bitcoin price for this morning's session out of Europe It’s time to put together the first of our twice daily bitcoin price watch pieces, and in what looks to be a stark contrast to the action we saw over the last week or so, things have been pretty flat overnight. Price reached highs of a little over $725 across the major exchanges early this week (as most reading will already be aware) but has since corrected to where it currently trades, circa 670-680, and looks as though it might maintain this level for a sustained period going forward.....
Here are the levels we are looking to trade in today's bitcoin price watch, early morning out of Europe. In yesterday’s price analysis, we discussed the levels that we would be focusing on for the evening session, noting that the range we were looking at was not all that different from the one we outlined in the earlier analysis. Volume was pretty weak, and while this can sometimes translate to sharp movements, we didn’t see any sustained momentum throughout the day. This lack of sustained momentum meant we weren’t able to get into any profitable positions, and finished the day pretty much....
Here's a look at what we are focusing on in the bitcoin price this morning. Another day, another opportunity to draw a couple of dollars from the bitcoin market on any volume induced volatility. That’s the saying, right? Well, it’s what we’re going to try and do today. The week so far has been mixed. We got9 a running start after a great weekend, but then price essentially died overnight on Tuesday/Wednesday (died as in remained flat, it didn’t crash or anything like that) and we didn’t manage to get in to anything for a few hours. Wednesday afternoon, however, price did crash (on the....
Here's a look at what we are focusing on in the bitcoin price this evening In this morning’s bitcoin price analysis, we outlined what was a pretty tight range for use during the European session, and said that we would incorporate our breakout strategy only for as long as action remained as-was. That is, relatively tight highs and lows, without too much in the way of volatility. Action has now matured throughout the day, and there hasn’t really been too much to speak of. We did get a little bit of a break earlier on today, and we managed to get in for a quick profit to the upside, but....
Here's a look at what we are focusing on in the bitcoin price this morning. Right. It’s Tuesday morning, and it’s time to take the first of our twice-daily looks at the bitcoin price in an attempt to figure out a method of drawing a profit from the market on any volatility we see during today’s action. Things have been pretty rough so far this week. We got chopped out during yesterday’s session, and overnight we didn’t really manage to get into too many different positions. One or two here and there, but also a loss, and we’re only just about net flat as things stand. With any luck, things....