Bitcoin Price Watch; Trading The Asian Session
Here's a look at what we are focusing on in the bitcoin price this morning. When we conducted the first of our two bitcoin price watch piece analyses this morning, we went into markets with something of a bullish bias. Action has now matured throughout the European session on Wednesday, and this bias looks to have been a bit premature. Price has declined throughout the day, without breaking either of our key levels, and we haven’t managed to get into any substantial trades as yet. This isn’t a bad thing, it just means we have to be a little bit patient going forward. So, as we head into....
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Here's what we are looking to trade in the bitcoin price this evening and beyond, into the Asian session tonight. In this morning’s bitcoin price watch article, we discussed the potential for some volatility throughout today’s session. Bitcoin had a pretty up and down week last week, and while the action was conducive to our intraday strategy, it made for uncertainty as we headed in to a fresh session this week. Would the up and down action continue? Were we gearing up for some strength, or are we headed into a selloff? Well, the week is now officially underway, and it looks as though we....
Late last night, when we published the second of our twice daily bitcoin price watch pieces, the market was hovering around the $300 mark. Action has now matured across the Asian session, and we are heading into a fresh European session today. As we head into the session, where is the bitcoin price currently trading, what happened overnight, and how has the Asian session influenced our strategy for today's session? Take a quick look at the chart to get an idea of what we're watching. As the chart shows, the levels in focus for todays session are in term support at 304.75 and in term....
We are heading into the midway point of Wednesday's European session, and action has been pretty volatile overnight. Over the past couple of weeks, we have seen a few up and down movements, primarily during the Asian session on Chinese volume. The European sessions have been relatively quiet. This trend seems to have bucked, however, with the advent of some volatility early this week, and so we are approaching each session with the opinion that we could get some intraday movement and, in turn, some decent entries. So, with this said, and as we head into a fresh afternoon's trading, here's....
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 looking to trade in the bitcoin price for this evening's session out of Europe. The European session is now drawing to a close, and its time to perform the second of our twice daily bitcoin price watch analyses. As we mentioned this morning, action over the weekend was pretty flat – something of an anomaly when considered in line with the sharp, volatile action we’ve seen during the weekend over the last few months. As things have turned out, action throughout today’s session has mirrored that which we saw over the weekend. Specifically, we’ve not really seen any....