Bitcoin Price Watch; Heading Into A Big Session
Here's a look at what we are focusing on in the bitcoin price this morning. So let’s get things kicked off this morning. The week has been slow so far and we’ve not had too much action to go at. This isn’t too much of a big deal, as we’re still riding the wave of last week’s gains, and we don’t want to rush in to any trades and get chopped out of the markets prematurely. Last night we noted that the choppy action was a bit of a concern, given that price had trended pretty flat (albeit with a slight downside bias) throughout the afternoon session, and that the low volume might make for....
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Here's a look at what we are focusing on in the bitcoin price this evening. So the day has now drawn to a close, and it’s time to take a look at how things played out, and how we can interpret the action we saw during the session as far as putting together an actionable strategy for this evening is concerned. Volatility looks to have finally returned to the markets, in all likelihood it’s because of the volume boost we have discussed in the last few analyses, and this has meant we’ve had the opportunity to get in and out on a couple of nice breakout trades. Quick profits, low risk, scalp....
Here’s what we are focusing on for this morning’s session in the bitcoin price. It’s Friday morning, and that means we’ve come to the penultimate of our twice-daily be quite bitcoin price watch pieces for the week. Despite having a pretty volatile weekend last week, price throughout the majority of this week has been pretty stable, having ranged between a relatively tight and constrained set of parameters to this point. Action overnight gave us a little bit to look at, however, and we now have a fresh and very tradable range heading into this morning’s session. So, as we get going, here....
Here's a look at what we are focusing on in the bitcoin price this evening. So the day has now drawn to a close, and it’s time to have a look at how our bitcoin price watch strategy performed throughout the European session, and adapt to its influence on our strategy for tonight’s session. Earlier today, we noted that price had finally pushed through its long term range under the pressure of some upside momentum, and that we would be looking for this upside momentum to carry through to the daily session as an initial bias. Well, we’ve not seen a solid continuation, but we did get a bit of....
Here's what we are looking at in the bitcoin price this evening. So it’s time to draw our bitcoin price watch analysis to a close for the week. Things have been ok today, and we managed to get in and out of the markets on a couple of occasions for a quick profit. When we first kicked off today, we were a bit concerned about our risk management profile. So long as our risk stayed on form, things would be ok for a net profit going in to the weekend. This has been a bit tough with tight choppy action, as we try and set up a tight risk management profile but still leave a bit of space for some....
The European session is drawing to a close, and it’s heading into lunch time in the US. As usual, this means it’s time for the second of our twice daily bitcoin price watch analysis pieces, so here goes. First, we will have a quick look at what action threw out today, and then we can interpret this action and use it to try and figure out how we can approach this evening’s trading. So, to kick things off, take a quick look at the chart below. It represents action seen during the last 24 or so hours. As the chart shows, volume this morning was pretty low, and price action has remained well....