Bitcoin Price Watch; Live Trade!
Here's a look at what we are focusing on in the bitcoin price this evening. So that’s another day done out of Europe in the bitcoin price, and once again, we’ve had plenty to go at. As a matter of fact, as we right this analysis, we are in a short trade based on our predefined strategy that we outlined this morning. This trade is ongoing towards a downside target of 685 flat – a level we came close to hitting a little earlier on but didn’t quite make it – and so, for now at least, we won’t be getting into any fresh trades. Our strategy dictates that we let one trade mature before kicking....
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Here's what we are focusing on in today's bitcoin price watch for the evening session on Wednesday. Also a live trade from this morning. Let’s kick things off with a chart. The chart below shows the action we saw in the bitcoin price overnight, and the action that has taken place since we published the first of our twice daily bitcoin price watch articles this morning. It’s got the framework we applied to our first analysis still overlaid, to illustrate how action has performed in relation to our expectations. Those that were with us this morning will remember we focused on the double top....
Action has been a bit choppy in the bitcoin price over the last few days, but it hasn't stopped us drawing a profit from the market. Here's what we are looking at in today's European markets and beyond. Yesterday afternoon, our bitcoin price watch article highlighted a bunch of key levels, and in the article, we were able to define a classical pattern that suggested – from a technical perspective, at least – we were set for a continuation of the downside break we saw a little earlier in the day. A look at the action that succeeded our analysis shows a mixed response to our predictions. We....
A little earlier on today, in our morning bitcoin price watch piece, we noted that the overarching momentum in the bitcoin price was to the downside, and that we would incorporate this into our intraday breakout strategy as we headed into a fresh week's trading today. Action has now matured, and we have seen a continuation of the trend, as expected. However, pre-decline, we got a little bit of upside momentum, and this put us in a long entry according to our predefined entry levels (outlined earlier here). Unfortunately, we were quickly taken out of the trade, as price reversed to trade....
Here are the levels we are looking to trade for tonight's session in the bitcoin price, alongside a description of how our live trade played out this morning. In this morning’s bitcoin price watch piece, our focus was on two things. The first, an ongoing trade that we entered during the Asian session – one that had tested our stop but not hit it, and at the time of writing, was testing broken resistance as support. We took this testing as a positive sign, in the sense that the longer the level held, the firmer the support should be, and in turn, the higher the likelihood of a target hit.....
Here's what we're focusing on for the Thursday afternoon session out of Europe in the bitcoin price. In this morning’s bitcoin price watch article, we highlighted the range we were focusing on for the early European session. It was a pretty tight range, so we said we’d be looking at trading breakout only, as opposed to breakout and intrarange. This is because its difficult apply effective risk management parameters on intrarange trades when support and resistance are so narrow. As it turned out, we might have been better off giving it ago. Shortly before the European afternoon kicked off,....