Bitcoin Price Watch; Let’s Get Some Upside Action Going
Here's a look at what we are focusing on in the bitcoin price this morning. Tuesday is now pretty much over from a European perspective, and things have been a little slow today. We were hoping to get a couple of opportunities to get in to our intraday strategy rules, and continue our run of profit taking that kicked off on Monday and played through until yesterday evening. We’re hoping that the sideways trading that we saw today is representative of a type of coiling, and that this coiling will break out under the buy and sell side pressure building up. When this sort of thing happens, we....
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Here's a look at what we are focusing on in the bitcoin price this morning. We asked for action in the bitcoin price, and it’s action we got. Things haven’t been this active on the intraday charts for months, and it finally looks like price might make its way through the elusive 700 mark near term. If it does, we expect a considerable upside momentum run as the shorts are squeezed out of the market and price gains on covering. Whatever happens, the action overnight gave us plenty to go at, and we managed to get in and out of the markets according to the rules of our intraday strategy on a....
Here's what we are looking at in today's bitcoin price, European morning session on Wednesday. Once again, let’s kick things of with a chart. The chart below shows the action we saw in the bitcoin price across the Wednesday evening session, and has the range we defined as being the one to watch across the session overlaid. As illustrated, the chart shows price breaking through our pre designated in term support shortly after our publication of the analysis, and pretty much immediately running up to takeout our target (well, a small correction aside) at 444 flat. Following the breakout,....
Here’s what we are focusing on for this evening's session in the bitcoin price. The weekend is pretty much upon us, and with it, we are drawing to a close yet another week’s worth of action in the bitcoin price, Our trading has been relatively subdued so far, primarily as a result of the lack of any real sustained momentum in the markets throughout the early days of this week. This doesn’t mean we haven’t been able to get into any positions however. Today’s action brought with it some solid upside action, and we were able to get in long a little earlier on this morning (pretty much....
Here's a look at what we are focusing on in the bitcoin price this evening. In this morning’s bitcoin price watch piece, we discussed the fact that action to date this week has been relatively flat, and that we were hoping to get a breakout that we could get in and out on a quick short term scalp entry and draw a profit from the market on the volatility. Action has not been bad today, and we’ve had a relatively decent European session. We didn’t manage to get multiple positions entered, but we did get a nice quick trade to the upside, and managed to draw a profit in the process. Price....
Here’s what we are focusing on for this evening's session in the bitcoin price. So we are coming to a close of the first day of the week in the bitcoin price market, and it’s time for us to take a look at how action during today’s session has impacted on out strategy. Further we need to address how this impact is going to play out this evening from our point of view. So, without further ado, let’s get to the details. First, a quick look at today’s action. The chart below shows the action seen in todays market (it’s clean, we’ll add some key levels shortly). So as the chart shows, action....