Bitcoin Price Watch; Taking Control Of The Volatility
Here's a look at what we are focusing on in the bitcoin price this morning. So that’s another day done, and it’s been a pretty good day from an intraday trading perspective. We noted this morning that we would like to see lots of movement, and while it’s always nice to see some upside momentum from a long term perspective, intraday doesn’t really necessitate a short term bias. Today’s action came to the downside, and we were able to get in to the market on a break of our predetermined support. A quick run through carried us to our target nice and easy, and we got in and out for a quick....
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Here's a look at what we are focusing on in the bitcoin price this evening. European markets have now shut for the day, and it’s the turn of US volume to control the bitcoin price. In this morning’s analysis, our primary focus was the volatility we had seen across the last seven or eight days, and the opportunity afforded to us by this volatility from a get in and out of the markets perspective. We hoped that the volatility would continue into today’s session, and to some extent it did. Unfortunately, however, the way in which the volatility affected price meant we got chopped out of a....
Earlier this morning we published our twice-daily bitcoin price watch piece highlighting the action we had seen in bitcoin over the weekend, and suggesting a few of the key levels that we would be looking at as we headed into Monday's European session. Now action has matured throughout the day, we have seen quite a lot of volatility, and so a fresh set of key levels have come to the fore. With this said, what are the levels that we are now watching, and how will we be looking to enter into any volatility in the bitcoin price overnight? Take a quick look at the chart. As the chart shows,....
Throughout the majority of May and June, getting in and out of the markets according to our intraday strategy and taking a profit from volatility in the bitcoin price was relatively simple. Sure, we were stopped out on a number of occasions, and every trade wasn't a winner, but we got enough up-and-down action to ensure that - regardless of the outcome - we were at least afforded a position. Over the last couple of weeks, however, volatility in the bitcoin price has been pretty flat and potential entries relatively non-existent. We have taken a position on a couple of occasions, but rarely....
Earlier today, we published the first of our twice daily bitcoin price watch pieces. In the article we noted that the bitcoin price has been pretty unpredictable over the past few days. Despite no real fundamental developments, we gave seen a considerable amount of conflicting volatility, with overnight highs giving way to swiftly carved out lows pre-European session. Despite the unpredictability, however, we have managed to draw a decent profit through our intraday breakout strategy this week. By bringing tight risk management parameters into play, we have avoided taking too big a hit on....
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....