Bitcoin Price Watch; What A Night!
Here's a look at what we are focusing on in the bitcoin price this morning. Wow, what a night. We’ve been asking for some volatility in the bitcoin price for the last couple of days, and boy did we get it last night. Things we’re a little flat in to yesterday evening, and we noted in the second analysis of the day that we may see a sharp breakout based on the idea that the flat action heading into the late session was a sort of price coiling. Price coiling is a conceptual way to describe the pressure building between buyers and sellers in the (generally speculative side of the) market, and....
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Here's a look at what we are focusing on in the bitcoin price this morning. Whatever your political persuasion, last night was a long night, and is likely still continuing for many across the US. Celebrations, commiserations, whatever is in order, we’re going to inject a dose of normality and stability in to your day with the first of our twice daily bitcoin price watch analyses right here. For those that couldn’t bear to watch, we’re going to spoil it for you now – Trump won. What that means for the bitcoin price remains to be seen. My initial thoughts right off the bat are that we will....
Here's a look at what we are focusing on in the bitcoin price this morning. OK, overnight action was a little strange last night. We saw price break through the level we had predefined as being one to watch in the early evening session, and managed to get in and out of the markets according to our intraday strategy as a result. However shortly after our trade closed out, the bitcoin price took a dive, and gapped down to fresh weekly lows somewhere in the region of 1010, or just a little lower. Just as price started to look as though it was set for a retest of the 1000 flat level, the spike....
Here's a look at what we are focusing on in the bitcoin price this morning. It’s time to take a first look at the bitcoin price for today, and see if we can set up against the action seen last night I order to draw a profit from the market. It was a bit of a strange night last night. Price took a hit and gapped down on no real news, and we managed to get in short on a break of support. The trade didn’t work out, and we are now net flat on the markets, but it’s given us something to go at from an intraday perspective. We’ve got a pretty solid range, and should head in to today’s European....
Just as we did last night, let’s kick things off with a chart. The chart below shows action in the bitcoin price across the last 48 hours or so, and has the levels that we outlined last night being the ones to watch still overlaid. As you can see from the chart, having picked up strength throughout the majority of the week so far, bitcoin looks as though it is going to be heading to the close of the week down on its opening. Overnight saw a considerable and sustained sell off, and price carved out fresh weekly lows at just ahead of 436. Action over the last couple of hours has corrected....
Here's a look at what we are focusing on in the bitcoin price this morning. Well, here, we are, at the end of another week’s worth of trading in the bitcoin price. This one has gone pretty quick, and has been a bit of a rollercoaster. What started off as a pretty slow week, with price edging sideways out of the weekend and in to the Monday and Tuesday sessions, started to pick up pace around midweek, and we haven’t really looked back from there. Yesterday, price broke through the 1,000 level for the first time this week, and we set up a few key levels to keep an eye on going into the....