Bitcoin Price Watch; Let’s Get Another Profit Hit
Here's a look at what we are focusing on in the bitcoin price this morning. It’s Tuesday morning, and time to take a look at the bitcoin price for the first time today. Action during yesterday’s session was pretty kind to us, and we managed to get into a short term trade on a downside break for a small profit. So as we head into today’s session, we’re going to look to get into a similar trade, with our strategy defined by a relatively tight range and some scalp entries on breakouts. We will probably also look at some intrarange action, given the width of the range afforded to us from....
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Here are the levels to watch in today's bitcoin price in order to draw a profit from any volatility across the European session. In yesterday’s analysis, we commented on the relatively slow week we had seen in the bitcoin price last week, and noted that – in response to the little bit of volatility we saw over the weekend – we expected some decent momentum to come our way during Monday’s session. As things turned out, we did see some momentum; not quite as dramatic as we’d hoped for, but momentum nonetheless, and we managed to get in and out of the markets for a quick profit on the....
Here's a look at what we are focusing on in the bitcoin price this morning. If you’d have said a couple of weeks ago that we’d be looking at closing in on the 1,100 mark at the start of 2017 in the bitcoin price, we probably wouldn’t have believed you. We’re all for price increases, of course, but given that price essentially stagnated throughout a major part of 2016, we weren’t expecting that sort of run as the year drew to a close. Anyway, we’re here, and we’ve managed to draw a pretty decent run of profits from the gains. Enter long, target around ten dollars, take profit and wait for....
Here's a look at what we are focusing on in the bitcoin price this evening. So that’s another day done out of Europe, and it’s time to take the second of our twice daily looks at the bitcoin price this evening. A look at the session for today reveals one thing: it’s been a bit dull. Some days, action is flat and we don’t manage to get in to any real breakout entries. Some days, we manage to get into an entry, but it’s a quick turnaround, and we don’t see anything else outside of that position materialize for the remainder of the day. Today was the latter of these two scenarios. With that....
Here's a look at what we are focusing on in the bitcoin price this evening. In this morning’s bitcoin price watch piece, we discussed the fact that action to date this week has been relatively flat, and that we were hoping to get a breakout that we could get in and out on a quick short term scalp entry and draw a profit from the market on the volatility. Action has not been bad today, and we’ve had a relatively decent European session. We didn’t manage to get multiple positions entered, but we did get a nice quick trade to the upside, and managed to draw a profit in the process. Price....
Let’s kick things off with a chart. The chart below highlights the action seen in the bitcoin price throughout today’s session, and has the framework we placed onto action earlier this morning overlaid. It’s a fifteen-minute candlestick. So, as the chart shows, having declined considerably overnight, the bitcoin price found support at a little ahead of 438, before correcting to the upside to trade in a pretty tight 440-444 range. This range has dominated action today, and gives us something to go at this evening, and beyond, into the Asian session tonight. Also of note is the completion of....