Bitcoin Price Watch; 800 A Strong Upside Target Candidate Now
Here's a look at what we are focusing on in the bitcoin price this morning. It’s Thursday morning, and we are about to head into a fresh session out of Europe. In last night’s bitcoin price analysis, we noted that price had broken to the upside and that – as a result – things looked good for some further upside momentum. We tentatively slated 800 as a level to watch on the horizon, with that being the next major psychological target, but we also pinned a couple of nearer term levels as being ones to watch, with the goal of taking out a few profit targets on the way up to the big eight oh....
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Here's a look at what we are focusing on in the bitcoin price this morning. It seems price is teasing us a little at he moment. Just as we get up to the region around which we can start targeting the 800 flat mark as an initial upside target and – beyond that – use it as resistance, the bitcoin price breaks to the downside and we get a correction to spoil the party. Overnight action did just that. Those who read last night’s coverage will know we were looking at one final upside run ahead of an 800 target, and that price looked like it might well make that run before we got back to the....
Here's what we are looking to trade in this evening's bitcoin price on Friday. In this morning’s bitcoin price watch analysis, we suggested that we would like to see three things this by afternoon. First, a successful completion of our ongoing long trade. Second, a breakout on which we could get into a position, with the assumption being that this would be a long position and an upside break, if we were also going to fulfill item one. Third, a sustained move I the direction of our entry that would see us hit our target, and take us out of the trade for a profit as we headed into the....
Here's what we are looking to trade in the bitcoin price on Monday morning. In this morning’s bitcoin price watch piece, we discussed the fact that we are finally able to bring our intrarange strategy in to play, and attempt to draw a profit from action confined within our range. We were working with a circa five dollar range, and coming off the back of a pretty volatile weekend, so the hope was that we’d be able to get in two fold – first, on a bounce from support with a target of resistance to the upside, and second, long on a break of in term resistance towards an upside target of 430....
Here's a look at what we are focusing on in the bitcoin price this morning. Okay. Here we are. The penultimate day of the week, and bitcoin price has finally started to pick up momentum. At the start of the week, we noted that we could be looking at targeting 800 as a medium-term upside target if the volatility that we saw towards the end of last week maintained throughout this one. As it turned out, however, action throughout the early half of this week was relatively flat, and we didn’t end up with our focus target available to us. However, once again, the end of the week is nearly here,....
Here's a look at what we are focusing on in the bitcoin price this evening. In this morning’s bitcoin price watch analysis, our primary intent was to get across the importance of keeping things tight during the European session. Price has struggled to make any sort of sustained moves over the last few days, and while we have seen the odd spike, there has been no real trend momentum. The only way we are able to draw a profit from these sorts of market conditions is through a tight scalp strategy – that is, jumping in and out of the markets on the spikes and taking advantage of the action as....