Bitcoin Price Watch; Monday Morning’s Targets
Here's what we are going for in the bitcoin price this Monday morning. It’s Monday morning, and time to take a look at the bitcoin price for the first time this week. Action was nice and volatile last week, and price gave us plenty of opportunities to get in and out of the markets according to the rules of our standard intraday strategy – in long on a break of resistance and in short on a close below support, with a take profit set somewhere in the region of a two to one risk reward profile. Our intrarange strategy has been put to one side as of late, primarily because the ranges with....
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Here’s what we are focusing on for this morning’s session in the bitcoin price. It’s Friday morning, and that means we’ve come to the penultimate of our twice-daily be quite bitcoin price watch pieces for the week. Despite having a pretty volatile weekend last week, price throughout the majority of this week has been pretty stable, having ranged between a relatively tight and constrained set of parameters to this point. Action overnight gave us a little bit to look at, however, and we now have a fresh and very tradable range heading into this morning’s session. So, as we get going, here....
Here's what's on tonight in the bitcoin price in terms of our intraday strategy. Entries, stops and targets. In this morning’s analysis, we noted that the latest action in the bitcoin price allowed us to bring a step-up strategy into play; specifically, shifting our key levels to the upside on every move in line with the overarching bias, in anticipation of a continuation. Unfortunately, we seem to have come to a corrective phase, and that’s made our strategy difficult to execute. We got into a trade a little earlier today, but having failed to pick up any real upside momentum, the bitcoin....
Here's a look at what we are focusing on in the bitcoin price this evening. In this morning’s analysis, we set up against the action seen over the weekend in the bitcoin price, and looked to get in on any volatility. We noted that the labor day momentum would probably be a little weak based on the volume limiting Labor day, and that this could limit our aggression when we get in and out of any speculative moves. As things turned out, we did get a couple of breaks, but didn’t manage to get towards our targets. Unfortunately, we fell foul of the momentum issues we highlighted in this....
In this morning’s bitcoin price watch article, we focused on a pretty narrow range in an attempt to combine our intraday breakout strategy with some scalp targets to draw quick profit from the market on any volatility. Action has now matured throughout the session, and we are heading into what looks like its going to be a pretty interesting evening. The Asian session has, over the last few weeks, traditionally been the session that has given us the most gains. This isn’t set in stone, but chances are we will see a continuation of this trend throughout tonight’s trading. If we do, we want....
Here's a look at what we are focusing on in the bitcoin price this evening. In this morning’s analysis, or primary focus was a pretty wide range but some tight scalp targets and a real effort to maintain stringent risk management principles. We discussed the volatility that we’ve seen across the last few days in the bitcoin price, and noted that we might see some chop outs if we didn’t stay on top of this from a stop loss perspective. Well, it’s now time to take a second look at the market, in an attempt to gauge how we can incorporate the day’s action into tonight’s efforts. Action today....