Bitcoin Price Watch; Trading A Narrow Range
Here's a look at what we are focusing on in the bitcoin price this evening. The close of the week is fast approaching, and we’ve had a pretty volatile week in the bitcoin price. Things started off pretty slow, and we thought that we were setting up for a relatively flat week. As things turned out, that wasn’t what we got. We managed to get in and out on a variety of strategic approaches, including breakout scalp and intrarange, and we are closing out the week net up on the markets – that is, if we don’t have too bad a day today. Action overnight last night gave us plenty to look at as far....
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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 what we are looking at for today's morning session - a return to breakout from yesterday evening's scalps. Yesterday afternoon, in the second of our twice daily bitcoin price watch pieces, we mixed things up a little bit. At time of writing we remained well within the range we had pre-slated as the one to watch for the morning session, and this gave us two choices. One, remain with that framework only (which, of course, wouldn’t have made for a particularly interesting evening’s worth of trading, or a particularly interesting analysis, for that matter); or bring a scalp strategy to....
Here's the range and targets we are focusing on for our bitcoin price breakout strategy on Wednesday morning. Yesterday was a little up and down in the bitcoin price. We saw a steep upside run early morning (before the European session kicked off for the day) and then a pretty ragged period of consolidation. By the time we published our first price watch analysis (a little bit later than usual) we were well into the consolidatory phase, and looked to set up a framework through which we could get in long if the bullish momentum returned, and things took another turn to the upside. We got a....
Here's what were looking at tonight in the bitcoin price for our breakout strategy. In this morning’s bitcoin price watch piece, our primary focus was on the upside momentum we saw throughout the evening and Asian session on Tuesday, and how we could interpret this action as far as gaining insight into today’s volatility was concerned. We noted that – since we had seen some pretty sharp movements overnight – we may see a consolidation of the upside run this morning, as speculators took profits on their long entries. As things turned out, our expectations for some consolidation proved....
Here's a look at what we are focusing on in the bitcoin price this morning. Once again, overnight, we have seen some pretty volatile action in the bitcoin price. For the last couple of weeks, this volatility has become something of the norm, and on a number of occasions, we’ve had to narrow our time frames into the one-minute chart in order to define some levels that are narrow enough for us to take advantage of our breakout strategy during the European session. This morning is one of those occasions. As you will see from the chart below, we’re using the one-minute chart, and even that is....