Bitcoin Price Watch; Riding The Scalps
Here's a look at what we are focusing on in the bitcoin price this evening. This morning, we noted that in response to the pretty flat action seen in the bitcoin price over the last few days (which in turn is a response to the low volume based around US Independence Day), we’d tighten things up and go after a five-minute analysis, rather than our standard fifteen minutes. This didn’t really change our approach, the levels were pretty similar to those in focus for the week so far, but it did allow us to go at price with a slightly narrower focus. Why is this a good thing? Because it means....
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Here's what we are looking at for today's morning session - a return to breakout from yesterday evening's scalps. Yesterday afternoon, in the second of our twice daily bitcoin price watch pieces, we mixed things up a little bit. At time of writing we remained well within the range we had pre-slated as the one to watch for the morning session, and this gave us two choices. One, remain with that framework only (which, of course, wouldn’t have made for a particularly interesting evening’s worth of trading, or a particularly interesting analysis, for that matter); or bring a scalp strategy to....
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....
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's what we are looking to trade in the bitcoin price on Friday morning out of Europe. So we’ve come to the end of the week, and its time to take a look back at how our intraday bitcoin price watch strategy performed against recent action. It has been a pretty wild week, especially when compared to some of the weeks we’ve had of late, so there has been plenty to go at from a breakout perspective. Specifically, we managed to get into the two upside runs – one at the beginning of the week that saw price break the 650 flat mark and then one just yesterday (well, Wednesday Asian session if....
Here's a look at action from the day so far, and the levels we are looking at now in the bitcoin price. It’s been about six hours since published the first of our two, Tuesday session intraday analyses, and a look at action across the period reveals some pretty frustrating movement in the bitcoin price. We managed to get into a trade on a break of in term support, but having bounced around this level for a few hours post entry, have since been taken out for a small loss on the position. This sort of choppy action can be difficult to approach, and it generally comes down to two things: the....