Bitcoin Price Watch; More Upside Action!

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 morning. 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. Things have been a little mish-mash this week. Our trading throughout the early week was relatively subdued, primarily as a result of the lack of any real sustained momentum in the markets coming out of the holiday weekend in the US. Having said this, we’ve had a few nice entry opportunities, and a couple of solid positions. Yesterday’s action brought with it some upside action, and we....

Here's what we are looking at this morning for our bitcoin trading session out of Europe. It’s been a good few weeks since we have had some long-term sustained upside momentum in the bitcoin price. Action this month so far seems to have been relatively choppy, and our breakout strategy – whilst somewhat effective – has given us a bit of a hard time. A few stop loss hits here and there have affected our end of week bottom line, and we have had to resort to both our intrarange approach and a scalp strategy when action has been flat. This week, however, we have seen just the type of action we....

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,....

Earlier this morning we published our pre-session bitcoin price watch piece. We suggested the levels to watch in the bitcoin price throughout today's European session, and pointed out that we had finally seen some action in the bitcoin market over the weekend, and that we would be looking to draw on this volatility to get in and out of the markets today. Action has now matured, and as we head into the Asian session this evening - what are the levels that we are watching tonight, and are we looking at a range bound, or breakout strategy going forward? Let's take a look. First, consider the....