Bitcoin Price Watch; A Return To Action Ahead!
Here's a look at what we are focusing on in the bitcoin price this morning. Perhaps unsurprisingly, action overnight in the bitcoin price was relatively muted. The federal holiday in the US led to a pretty soft volume level, and this eradicated any real chance of sustained momentum. We did see a couple of quick trades complete yesterday on short-term volatility, in line with our intraday scalp strategy, but nothing to write home about. Anyway, all that is behind us now. We have a fresh week (effectively) of trading this week, and the US back in full swing in a couple of hours, volume....
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Last night we published our second of our twice daily bitcoin price watch pieces ahead of the Asian session. The primary thesis behind the piece was that we would be tightening up both our range and our risk parameters, with the goal of reducing our exposure to any correction in the bitcoin price overnight while also leaving us open to draw a profit from any action. Price has now matured across the session, and we are now mid way through Thursday's European trading. So, at this point, how did price fare overnight, did our strategy get us in and out of the markets as a response to....
If you read this morning's twice-daily bitcoin price watch piece, will be more than aware that we address the relative inactivity in the bitcoin price we've seen throughout the last couple of weeks, and our resulting difficulty as far as getting in and out of the markets according to our intraday breakout strategy has been concerned. We've not really had enough volatility to reach our pre-slated targets, and have - as a result - we chopped out for small losses are a number of occasions. We hope that today's action would bring a return to the volatility we enjoyed over the last couple of....
A little earlier on this morning, we published our twice daily bitcoin price watch piece. In the piece we outlined the levels we were looking to watch in the bitcoin market throughout Friday's session, and stated that - if we got the volatility we were looking for - we would look to enter according to our breakout strategy in an attempt to draw a short term scalp profit on the action. Action has now matured throughout the day, and we are heading into the close of the European session and the beginning of the weekend. In the majority of other financial assets, markets would be pitching to....
Yesterday evening we published our thoughts on the bitcoin price movement we had seen throughout the day on Tuesday in our twice-daily bitcoin price watch piece. We noted that there has been a considerable amount of upside momentum throughout the day, and that managed to enter and exit on this momentum to draw profit from the market according to our intraday scalp strategy. Now action has matured overnight, and the European session is about to kick off for a fresh day of trading, what are the levels we are keeping an eye on now, and where will be looking to enter on today's action? Take a....
Here's a look at what we are focusing on in the bitcoin price this morning. Things are really starting to move now in the bitcoin price. Yesterday, and to some extent, the day before, action was relatively flat. This is not necessarily a bad thing. Sometimes, and especially after a period of extended movement, we need to see some flat action as price consolidates. Consolidation generally precedes a return to volatility, and that’s exactly what we’re seeing now. Price overnight moved – not substantially in one direction, but up and down – considerably, and we were given a number of....