Bitcoin Price Watch; Redefining Price Action
Here's a look at what we are focusing on in the bitcoin price this morning. Action overnight served up some pretty wild movement, especially on the intraday level, and made it pretty difficult to be in the market at times. We set up against yesterday’s trading range with some pretty tight parameters, and were able to get in and out of the markets on a relatively swift downside break. Shortly after we closed out our trade, however, and before we had any real chance to reevaluate our predefined key levels, price reversed and gapped back to the upside (this is illustrated on the chart below).....
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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 what we are focusing on in today's bitcoin price watch for the evening session on Wednesday. Also a live trade from this morning. Let’s kick things off with a chart. The chart below shows the action we saw in the bitcoin price overnight, and the action that has taken place since we published the first of our twice daily bitcoin price watch articles this morning. It’s got the framework we applied to our first analysis still overlaid, to illustrate how action has performed in relation to our expectations. Those that were with us this morning will remember we focused on the double top....
Here's what we are looking to trade on any volatility in the bitcoin price on an intraday basis this evening. In this morning’s bitcoin price watch piece, we looked at the action we had seen overnight in the bitcoin price, and suggested that we might be looking at a sustained move for today’s session. The range we outlined was pretty tight, though concurrently wide enough for us to bring both our intrarange and breakout strategies to the table. Action throughout this morning was pretty tight, until we spiked just now, and this has redefined tonight’s parameters. Take a look at the chart....
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....
Here’s what we are focusing on for this evening's session in the bitcoin price. The weekend is pretty much upon us, and with it, we are drawing to a close yet another week’s worth of action in the bitcoin price, Our trading has been relatively subdued so far, primarily as a result of the lack of any real sustained momentum in the markets throughout the early days of this week. This doesn’t mean we haven’t been able to get into any positions however. Today’s action brought with it some solid upside action, and we were able to get in long a little earlier on this morning (pretty much....