Bitcoin Price Watch; Our Take On The Late US Session
Here's a look at what we are focusing on in the bitcoin price this evening. So that’s it for another session in the bitcoin price. Things have been pretty wild all week, but there haven’t been too many opportunities to get in to the market other than on short, scalp breakout entries. We’re looking for some degree of sustained action so that we can get into a longer term trade, but it is impossible to get in on these big trades if price doesn’t give us what we need. Anyway, let’s not moan. Let’s try and put forward some focus levels this evening, and ensure that if do get the action we want....
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A little earlier on this morning, we published our twice daily bitcoin price watch piece. In the piece we outlined the levels we were looking to watch in the bitcoin market throughout Friday's session, and stated that - if we got the volatility we were looking for - we would look to enter according to our breakout strategy in an attempt to draw a short term scalp profit on the action. Action has now matured throughout the day, and we are heading into the close of the European session and the beginning of the weekend. In the majority of other financial assets, markets would be pitching to....
As we have seen so many times over the past few weeks, and as we mentioned in yesterday's bitcoin price watch piece, the breakout action we have seen as late has often come during the Asian session (overnight Europe). We closed out yesterday's session with a couple of key parameters that we were looking to watch overnight, and low and behold, the bitcoin price broke through the upside of these parameters shortly after 5 AM GMT, and having done so, proceeded to carve out fresh weekly highs. With this said, what are the levels that we are keeping an eye on in the bitcoin price today, have....
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....
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 a look at what we are focusing on in the bitcoin price this morning. It is now Tuesday morning, and once again, we have had an excellent night’s worth of trading in the bitcoin price. Things initially looked a little flat as we headed into the late US session; but after a bit of Asian volume mixed into the equation, price broke out to the upside, and we saw that the bitcoin price hit its highest level in months, trading just shy of 740 and correcting only a few dollars post-highs. This bodes well for today’s session, and we are looking forward to getting in and out of the markets,....