Bitcoin Price Watch; Intrarange Is On!
Here's a look at what we are focusing on in the bitcoin price this morning. For the last few weeks we have been going at the bitcoin price using the five minute charts. This has worked out ok on a number of occasions – we’ve managed to stay net up on the market every week – but it has been a little slow as late. Why? Because price hasn’t moved around that much within our predefined ranges, and our entry points have been limited. Today, we are going to zoom out a little and go for a fifteen-minute focus, and see where that takes us. With any luck, we can get into a nice intrarange trade....
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Here's what we are looking to trade in the bitcoin price on Monday morning. It’s been a few weeks since we were last able to use our intrarange strategy effectively, but as we kick off this fresh week in the bitcoin price, we may finally have an opportunity to do so. Price over the weekend turned out to be pretty volatile, and this volatility has opened up a decent sized range for us to take a look at. Of course, we’ll also be bringing our breakout strategy to the table, in the hope that we get a breakout on the back of any intrarange volatility. So, with this in mind, what did action over....
Here's what we are looking at this evening in the bitcoin price out of Europe Here we are, that time of the week again. The close of the Friday session out of Europe, and as such, time for the final of our twice daily bitcoin price watch analyses for the week. All said, it’s been a pretty wild week. We’ve had a nice combination of sideways, intrarange action (from which we drew a couple of nice profits earlier on in the week by way of our intrarange strategy) and sustained volatility, again from which we managed to get some decent breakout entries. We noted this morning that the overnight....
Here's what we are looking at in the bitcoin price this evening, breakout and intrarange. It’s been a pretty slow day in the bitcoin price space, and this has weighed on our ability to get into the markets. We had a pretty volatile end to last week, and some decent action over the weekend allowed us to draw some profit from a few positions, but the current action looks to be representative of the start of the week slumps we’ve seen across the last couple of months – range bound, no real breakouts, and when we do see a breakout, it doesn’t result in any sort of sustained momentum we can....
Here's what we're focusing on for the Thursday afternoon session out of Europe in the bitcoin price. In this morning’s bitcoin price watch article, we highlighted the range we were focusing on for the early European session. It was a pretty tight range, so we said we’d be looking at trading breakout only, as opposed to breakout and intrarange. This is because its difficult apply effective risk management parameters on intrarange trades when support and resistance are so narrow. As it turned out, we might have been better off giving it ago. Shortly before the European afternoon kicked off,....
This morning we published the first of our twice daily bitcoin price watch pieces, and noted that - as a result of the relatively tight range we were looking at - we would steer clear of our intrarange strategy in favour of our standard breakout approach. We also suggested, however, that a more aggressive trader might want to look at incorporating intrarange action into their approach if we saw a correction from resistance, or a bounce from support. Action has now matured throughout the European session, and as it turned out, the more aggressive approach looks to have been the one to take.....