Bitcoin Price Watch; Scalping The European Session
Here's a look at what we are focusing on in the bitcoin price this morning. It is Wednesday morning, and time to take a look at what happened to the bitcoin price over the night, and how we can interpret this action moving into today’s European session. Yesterday evening, we noted that price has being pretty flat for the majority of the week, and that as a result, we haven’t really had that many opportunities to get into the market. We also noted that this might just be a consolidation phase, and that we could see an unwinding of the consolidation midterm if we get any volume. Volume....
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Here's a look at what we are focusing on in the bitcoin price this evening. Okay, that’s the European session done for today, let’s move on to the US afternoon and – beyond that – into the Asian session tonight. The bitcoin price has been relatively flat throughout the majority of the day, and we ended up getting chopped out of a trade earlier on this morning. It is not a great way to kick off the week, but it is not terrible, and we have to accept some losses now and again. Let’s hope we have got them out the way early, and that going forward, we can recuperate the lost capital and more.....
So this morning in our twice-daily bitcoin price watch piece, we published a chart that highlighted the levels we were watching during today's session. The main premise of this morning's analysis was the fact that - with the tight action we have seen over the last few days - we had to employ an intraday scalping strategy rather than our more traditional wide range breakout strategy. Action has now matured throughout the European session on Tuesday, and - as we head into a fresh evening's trading - how did our strategy fare, and where will be looking to get in and out of the markets this....
We've been trading a relatively tight range as late, scalping the bitcoin price markets to draw small, few dollar profits on breakout volatility. Our twice daily approach (covering the European session and the Asian session respectively) has served us well, but today we are switching things up a bit. We are mid way through the European session, and are looking at something slightly different. We are still sticking with our intraday chart, but we are going to widen things out a little and see if we can bring our intra-range strategy into play mid session (and heading into this evening). A....
Here's what we are focusing on for today's session in the bitcoin price, with a primary strategy of scalping for profit. The European session is about to begin, and action overnight in the bitcoin price has given us plenty to go at as far as interpretation is concerned. We got the nearing completion of a classical technical pattern – specifically, an upward sloping triangle – and some overnight highs to round off our parameters with solid support. To the downside, we’ve also got some pretty clearly defined parameters that we can use to get in short if action affords us an opportunity to do....
Earlier this morning we published our twice-dailybitcoin price watch piece to highlight the levels that we were watching in the bitcoin price throughout Tuesday's European session. The session has now come to a close, and we have seen quite a lot of volatility as action has matured throughout the day. With this said, do we expect this volatility to continue through to this evening, and how will we be looking to get into the markets if it does? Take a quick look at the chart. As you see, having bounced from floors of 234 earlier this morning, the bitcoin price gained strength to break what....