Bitcoin Price Watch; Heading Into The Asian Session
Here's a look at what we are focusing on in the bitcoin price this evening. So the day has now drawn to a close, and it’s time to take a look at how things played out, and how we can interpret the action we saw during the session as far as putting together an actionable strategy for this evening is concerned. Volatility looks to have finally returned to the markets, in all likelihood it’s because of the volume boost we have discussed in the last few analyses, and this has meant we’ve had the opportunity to get in and out on a couple of nice breakout trades. Quick profits, low risk, scalp....
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Here's a look at what we are focusing on in the bitcoin price this evening. So the day has now drawn to a close, and it’s time to have a look at how our bitcoin price watch strategy performed throughout the European session, and adapt to its influence on our strategy for tonight’s session. Earlier today, we noted that price had finally pushed through its long term range under the pressure of some upside momentum, and that we would be looking for this upside momentum to carry through to the daily session as an initial bias. Well, we’ve not seen a solid continuation, but we did get a bit of....
Here's what we are looking at in the bitcoin price this evening. So it’s time to draw our bitcoin price watch analysis to a close for the week. Things have been ok today, and we managed to get in and out of the markets on a couple of occasions for a quick profit. When we first kicked off today, we were a bit concerned about our risk management profile. So long as our risk stayed on form, things would be ok for a net profit going in to the weekend. This has been a bit tough with tight choppy action, as we try and set up a tight risk management profile but still leave a bit of space for some....
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....