Bitcoin Price Watch; Here Are This Evening’s Plays
Here are the levels in focus for this evening's session out of the US and Asia in the bitcoin price. The day is drawing to a close, and its time to put out the second of our twice daily bitcoin price watch pieces. As far as trading days go, this one started out relatively flat, and the action we saw throughout the evening on Wednesday suggested we weren’t going to see anything special come the European open. How wrong this interpretation was. Action throughout today’s session, perhaps buoyed by some positive sentiment across global news media, has seen price boost to fresh weekly highs,....
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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. So the day has drawn to a close, and it’s been a bit dull. Some days, action in the bitcoin price is flat and we don’t manage to get in to any real breakout entries. Friday was a bit like that, and with action over the weekend spiking through support, we went into today’s session expecting some decent momentum plays. Unfortunately, we didn’t get what we wanted, and price has remained relatively flat. We’re going to head into this evening’s session with some fresh levels, and see if we can’t pull a profit from the....
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 morning. In yesterday evening’s analysis, we noted that the bitcoin price seems to have settled down a little bit, and that this might indicate some degree of longer-term support. After the recent decline seen across the last week or so, some support is due, because although it seems like things are in freefall right now, they cannot stay that way indefinitely. Markets have to rebalance at some point, and with any luck, we are now approaching the balance point. Of course, it’s impossible to say for sure, but that’s how....
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....