Bitcoin Price Watch; Playing For The Long Term
Here's a look at what we are focusing on in the bitcoin price this morning. So after all our suggestions that price had finally returned to some volatile action on the intraday charts, and us finally getting in and out of a few nice trades, things seem to have settled down. Action overnight was essentially flat – with our bid ask taken into consideration we couldn’t even get in on anything short term, and it looks like early morning out of Europe we are going to see much of the same. When we see action like this, it’s tough to get a proper read on how we should play things. Without any....
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So this morning we published our twice daily bitcoin price watch piece, highlighting the levels that we would be looking at during Monday's European session. Action has now matured throughout the day, and as we head into a fresh Asian session this evening, what are the levels we are watching in tonight's bitcoin price market, and where will we look to get in and out according to our intraday strategy. Further, how did today's strategy fare? Did we manage to get into a trade, or has action kept us out of the markets? Let's take a look. First - have a glance at the chart below to get an idea....
So yesterday evening in our twice daily bitcoin price watch piece, we highlighted the levels that we were pitching to keep an eye on during Tuesday's Asian session. We suggested that - if we got any overnight volatility - we would look to get in and out of the markets according to our intraday strategy. Action has now matured overnight and as we head into a fresh day in Europe, here are the levels we are looking at this morning. First up, take a quick look at the chart to get an idea of recent action. As the chart illustrates action overnight saw the bitcoin price remain constricted....
Bitcoin price was hovering around the early 800s yesterday, but surged considerably well during the US session. First of all, we would like to apologise for delaying this analysis on the very day that demanded it the most. Our chief Bitcoin analyst Samuel Rae has taken a small holiday break, but I’m very sure he is watching the price with the same enthusiasm as we all are. So on that apologetic yet exciting note, let’s see what we have in for today by looking at the chart below: This looks super bullish! Bitcoin price was hovering around the early 800s yesterday, but surged considerably....
For this mornings bitcoin price watch piece, we are going to take a look at action overnight to try and ascertain whether the levels we had slated as the ones to watch during the Asian session remain relevant today, and from this, try to gain an insight into how we are going to go about playing todays action. From this, we will see whether out intraday breakout strategy or intrarange strategy are more relevant for today's action. First then, take a quick look at the chart. As you can se, action overnight saw a continuation of the overarching bullish momentum we have seen over the last few....
Last night we published our twice daily bitcoin price watch piece a little later than normal in an attempt to hold out for some volatility. We tightened our key levels based on the action we had seen over the last few days, and brought out both our scalp and intrarange strategies. Action has now matured throughout the night, and as we head into a fresh day's trading, how are going to approach the bitcoin price today, and what are we looking for during today's European session? Take a quick look at the chart below to get an idea of what we're watching. As the chart shows, we have brought....