Bitcoin Price Watch; Politics Dominates Sentiment, But There’s Still Some Playable Action

Here's a look at what we are focusing on in the bitcoin price this evening. After this morning’s brief correction, it looks as though things are getting back on track in the bitcoin price. There’s been plenty of volume, so we’re not going to see any action that’s too choppy, and there’s been some decent momentum around to get out levels outlined. We’re not going to do too much rambling this evening. Generally, we discuss a little about how action played out today, but to be honest, there’s not that much to say. After this morning’s dip we saw a bounce to the upside, and this peaked out at....

Here's a look at what we are focusing on in the bitcoin price this morning. So that’s another day done, and as we noted this morning, there’s plenty of price action to discuss this evening. The bitcoin price has been super volatile over the last few weeks, which for some, will come as a welcome change from what was essentially a dead period throughout Sep-Nov. Instead of the range bound action we saw across that period, mid to late December, and carrying through into early January, has brought with it some real momentum. First, we saw price run all the way up to 1,300. That’s a level some....

Here’s what we are looking at as we head into what could be a volatile week in the bitcoin price market. We’ve had a pretty crazy few weeks in the bitcoin price space, and this has translated to some volatility in the effectiveness of our strategy. We have seen some macro events – the Brexit, politics in the US, etc. – and some micro shocks such as the ethereum hack and the Bitfinex freeze, and each of these has impacted the price of bitcoin in their own way. We were looking for some risk off sentiment towards the end of last week, and in turn, a shift to bitcoin as a risk off (safe haven)....

Here's a look at what we are focusing on in the bitcoin price this morning. And so starts another Tuesday. There’s not been too much action overnight, but we’ve got a few nice key levels to go at today, so with any luck we’ll be able to draw a profit from any volatility that comes to the fore during the European session. As we said a couple of times yesterday, we expect volume to be relatively low over the next couple of weeks. Christmas is generally a low action time in the financial markets, as the major European and North American markets shut down. There’s going to be some Asian....

The bitcoin price has been pretty volatile overnight - here's our take on today's action from an intraday breakout perspective. Action in the bitcoin price overnight was pretty volatile. Having ranged for the previous twenty-four hours between tight key levels, price broke to the downside and – with a sustained decline, reached overnight lows just ahead of 365 flat. Having reached this level, however, and as the Asian session kicked off it’s Thursday trading, price reversed and made back the entirety of its losses to trade at current levels – circa 373 flat. Our breakout strategy took full....