Bitcoin Price Watch; Playing The Scalps

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 what we are looking to trade in the bitcoin price this afternoon. In this morning’s bitcoin price watch piece focusing on today’s session, we noted that as a result of action overnight, we would be tightening our range, and approaching the market with a pure breakout strategy (rather than a combination of our breakout and our intra-range approaches). Action has now matured across the European morning session, and we are about to head into the US afternoon and beyond that – into the Asian session tonight. With this in mind, and as we move forward into the aforementioned periods, what....

Here's a look at action from the day so far, and the levels we are looking at now in the bitcoin price. It’s been about six hours since published the first of our two, Tuesday session intraday analyses, and a look at action across the period reveals some pretty frustrating movement in the bitcoin price. We managed to get into a trade on a break of in term support, but having bounced around this level for a few hours post entry, have since been taken out for a small loss on the position. This sort of choppy action can be difficult to approach, and it generally comes down to two things: the....

Here's a look at what we are focusing on in the bitcoin price this evening. So that’s the end of another day in the bitcoin price, and it’s time to take a look at what happened today and what we are going for this evening. As we mentioned this morning, things were pretty flat overnight, and we were hoping that we might see some volatility during today’s US session on the back of financial asset market volume increase created by the presidential debate last night. Things haven’t quite turned out as we hoped, and we didn’t manage to get into any scallop positions on action out of Europe, but....

Here's a look at what we are focusing on in the bitcoin price this evening, and beyond into the weekend. So that’s it – another week done. We started the week with a pretty boring bout of action – price traded relatively flat for the first forty-eight hours or so, and it looks as though (on the intraday charts, at least) we were going to get a repeat of the action seen last week. Flat, and essentially untradeable. How wrong we were. Looking back, it now looks as if price was simple consolidating on the back of the halving (that, and speculation regarding impact kept people out of the....