Bitcoin Price Watch; Defining the Decline
Here's a look at what we are focusing on in the bitcoin price this morning. It is Thursday morning, and time to take a look at the bitcoin price. Specifically, let’s have a look at our price played out overnight, and attempt to interpret this action and apply it to our intraday strategy in order to attempt to draw a profit from the market during today’s morning European session. So, with that said, before we get going, take a quick look at the chart below. It is a 15 minute candlestick chart showing overnight action. The first notable point is the decline seen shortly before daybreak in....
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Here is our slightly altered (but hopefully just as effective) bitcoin price watch intraday strategy for Friday's European session. Those who have followed along with our bitcoin price watch pieces over the last few weeks will have noticed a common thread running through our strategy. We’ve been defining relatively tight ranges and skipping in and out of the markets with these ranges on breakout scalp trades. It’s been somewhat effective but there have been some pretty frustrating periods through which we’ve had to sit and stay net flat in the markets. Well, to mix things up a little....
During yesterday's session, we published a few technical analysis pieces detailing the action in the bitcoin price throughout the European morning. We highlighted a number of key levels that we would be keeping an eye on, both as far as defining a range and as far as targets and risk parameters were concerned, and - as the day matured - we entered a number of scalp trades to take advantage of the intraday volatility in the bitcoin price. Now, as we kick off a fresh European session, what are the levels that we are watching in the BTCUSD, and how can we draw profit from today's action? Take....
Yesterday afternoon, shortly before the markets closed in the UK, we published our bitcoin price watch piece highlighting the levels we would be keeping an eye on in the BTCUSD as the bitcoin price matured overnight. We've seen some considerable movement throughout this maturity, and our parameters - in terms of levels to watch - have changed. With this said, what happened overnight, and what will action around particular levels tells about a potential intraday bias as we head into a fresh day of trading? Take a quick look at the chart. As you can see, action in the bitcoin price overnight....
Here's a look at what we are focusing on in the bitcoin price this evening. We’re big advocates of bitcoin (I guess that goes without saying) and so when price moves as part of a steep decline, it hurts a little. We’ve all got holdings, and these holdings take a hit when the bitcoin price dips. That said, when you trade intraday as we do, a decline is neither positive nor negative, it’s just volatility. We like volatility, and we can take advantage of it if we set up right. In this instance, we set up right, and despite price collapsing from the high 700s to where it currently sits....
A little earlier on this morning, shortly before the markets opened in the UK, we published our bitcoin price watch article addressing how we would response to price reaching certain levels throughout Tuesday's European session. The primary focus of the piece was the sharp decline we saw in the bitcoin price overnight on Monday, and the overarching bearish bias - on both a technical and fundamental level - that this forced us to accept. Now price has matured throughout the European session, and we are about to open on a fresh US afternoon. With this said, what has price action told us....