Bitcoin Price Watch; Volume Boosts Price!
Here's a look at what we are focusing on in the bitcoin price this morning. At the end of last week, we noted that action in the bitcoin price had been relatively flat for the majority of the week, but that heading into the weekend we might see an increase in volatility, based on some inflated volume. In turn, we suggested that we might see a price rise, and finally get out of the sideways trend that price has been stuck in for what seems like close to a month now. As things turned out, we did see this spike, and action over the weekend has given us plenty to go at for today’s session of....
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In this morning’s bitcoin price watch piece, we discussed the effect that the Christmas season has on financial assets. For those that missed it, we noted that due to a lack of trading volume, we might get a few spikes as we head into the New Year. Action has now matured throughout the session, and our predictions came in as expected. Price broke out to the upside on some pretty light volume, and we head into tonight’s Asian session having carved out fresh weekly highs today. So, with all this taken into consideration, what are we looking to trade this evening, and where has action in the....
Here's a look at what we are focusing on in the bitcoin price this evening. That’s it out of Europe for the day, and we are now heading into what’s probably going to be a wasteland for bitcoin price traders this afternoon in the US. Thanksgiving is going to suck volume out of the markets, and in all likelihood, we’re going to see no real action until Asia wakes up for the Friday session. We’re going to set up against price anyway – sometimes some of the biggest moves come on thin volume sessions – and see what we can glean from the market if/when things move. So, take a look at the chart....
In our bitcoin price watch piece that we published early this morning, we highlighted the fact that it is a public holiday in the US, the UK and Europe, and suggested that this might have an impact on trading volume during today's session. We also noted, however, that just because we might see some low-volume doesn't mean we won't see any volatility - and as it happens - this has proven incorrect. We got some sharp movements during today's European session, and as we head into the US afternoon, what are the levels to keep an eye on, and where will be looking to enter trades? Take a quick....
Here’s what we are focusing on for this morning’s session in the bitcoin price. Well, we have come to the end of the week in the bitcoin price, and it’s time for our penultimate price watch analysis. It’s Friday morning, and a look back at action across the week so far shows a pretty flat few days, with intermittent spikes of volatility, but nothing to write home about. With any luck, as we head into this weekend, there will be some sustained momentum that we can get on the back of and ride out to a profit. This isn’t guaranteed, but those who have followed our analysis across the last few....
Here's a look at what we are focusing on in the bitcoin price this morning. So we’re off to a fresh week’s trading in the bitcoin price, and with any luck, we’ll get a repeat of the action we saw during last week’s sessions. Volume picked up on the back of raised participant rates, and the frequency of breakout entry opportunities increased. Not only that, but the momentum driven by the volume increase meant that we saw a few nice sustained movements on our entries, and this enabled us to get in and out according to our intraday strategy and stay in until our take profit hit. Those who....