Bitcoin Price Watch; Trading The Range

Here's what we are focusing on this morning in the bitcoin price. In last night’s bitcoin price watch analysis piece, we highlighted a range that was quite a lot wider than those we have looked at across the last few weeks. This was in response to the volatility we saw over the weekend, and the opportunity this afforded us for an intra-range approach, rather than just our standard breakout strategy. Overnight, action didn’t mimic the volatility that we saw on Sunday, and pretty much just trended within the range we had predefined. Admittedly, it was a wide range, so it was optimistic to....

Once again the bitcoin price has failed to make any significant progress throughout a European session - something that (yesterday's action aside) looks to be becoming something of a trend. In our bitcoin price watch piece published this morning, we outlined the parameters we were keeping an eye on throughout the day, and suggested where we would look to get in and out of the markets if the bitcoin price breached these parameters. We also suggested that the range we were looking at was a little too tight to allow for an intra range strategy. So, with this in mind, and as we head into the....

In these bitcoin price watch pieces, it's not uncommon for us to trade a relatively tight range. Over the last week or so, however, we had quite a lot of volatility in the bitcoin price, and it has afforded us the opportunity to widen out our parameters a little bit and try out some intra-range trading. We did this overnight in the Asian session on Thursday, and as we head into a fresh European session today, let's try something similar. So, with this said, what are the levels that we are going to keep an eye on today, and how we going to look to trade bitcoin price as we head into the....

Here's what we are looking at in the bitcoin price this evening. So that’s it for the end of the day – markets are drawing to a close out of Europe and our European session bitcoin price trading is shifting to the late US session. In this morning’s analysis, we widened things out a little bit, and put forward a pretty large range to go forward into the European morning session with. This is very much still in place – we haven’t managed to get into any trades on this range as yet (this isn’t unexpected, the wider ranges need a little bit more time to play out) but that doesn’t mean we can’t....

Here's a look at what we are focusing on in the bitcoin price this evening. The trading day has now come to an end out of Europe in the bitcoin price, and it’s time to publish the second of our twice daily bitcoin price watch analyses. Action has been pretty uninspiring throughout the day’s session, with very little movement to go at from a breakout perspective. It’s at times like this that trading the bitcoin price can get pretty dull, but it’s also at times like this that the most money is lost based on erratic trading decisions. Best to stick to our strategy (even though it’s not giving....