Bitcoin Price Watch; Narrowing Things Down
Here's a look at what we are focusing on in the bitcoin price this morning. So, we have come to the middle of the week, and it seems like not much has happened from an intraday perspective in the bitcoin price today. This likely has something to do with the long weekend out of the US, but any hangover effect from Monday’s low volume should ease up at some point today, and as such, we should get a return to some solid price momentum. It is getting pretty boring to just reiterate our key levels time after time, but when price trades sideways within such a narrow range it’s difficult to....
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Here's what we are focusing on for today's session in the bitcoin price - Tuesday morning out of Europe. Overnight action in the bitcoin price was pretty weak, as relatively low volume weighed on volatility. In response, and in an attempt to draw a profit from any volatility we get out of today’s session, we’re going to look at a tighter range, narrow things up a bit, and go for the scalp strategy. Scalping has worked well for us across the last quarter, and with action as it is at present (especially during the week) it looks like a good approach moving forward. So, with this in mind,....
Here's what we are looking to trade in the bitcoin price for this fresh week of trading out of Europe It’s Monday morning, and we are about to kick off a fresh session out of Europe. Action over the weekend – as is becoming the norm – gave us plenty to discuss, and we’ll be using some of the key levels to carry forward into today’s bitcoin price strategy. Things were a little slow last week and on more than one occasion we had to bring our scalp strategy into play, with a narrowing of our standard range, and a short, sharp breakout approach for a few dollars here and there. This isn’t....
Bitcoin price continues drawing sideways in a narrowing range. Will it return to decline? A test of the Fib line just below price (near $370 and 2530 CNY) should be the next market undertaking, and failure of this support should open up any remaining decline in the downtrend since December. If the market can hold the current price level and then advance to a new local high, we could see some light at the end of the tunnel, but there is not yet any evidence that a final low has been struck.
Here's a look at what we are focusing on in the bitcoin price this morning. It’s Monday morning, and we are about to kick off a fresh session out of Europe. Action over the weekend in the bitcoin price – as is becoming the norm – gave us plenty to discuss, and we’ll be using some of the key levels to carry forward into today’s strategy. Things were a little slow last week and on more than one occasion we had to bring our scalp strategy into play, with a narrowing of our standard range, and a short, sharp breakout approach for a few dollars here and there. So, with this said, and as we head....
Here's what we are going to watch for tonight's session in the bitcoin price. Before we get started on this evening’s analysis, there are two things worth pointing out from this morning’s publication. The first, that we remain well within the range we slated, which likely means that we’ve seen the end of last’s night’s decline, at least temporarily. Second, that we did get a brief correction, and we managed to pick out the reversal point almost to the cent. Bragging rights aside, why is this important? Well, it validates our upside key level (i.e. resistance) and suggests there’s probably....