Bitcoin Price Watch; Gearing Up For The Breakout!
Here's a look at what we are focusing on in the bitcoin price this morning. Right then. The final day of the week, here already. Where will the bitcoin price take us today? The answer we’re all hoping for is… Up! We’ve topped out around 775-780 overnight, putting us (and to steal a phrase from last night’s analysis) within touching distance of the 800 mark. Will this finally be the day we reach it? Maybe. When 700 broke, price toyed with the level for a while before finally committing. There’s a chance that we might see some similar action again, as markets bustle at either side of the bid....
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Here's what we are looking to trade in the bitcoin price this evening and beyond, into the Asian session tonight. In this morning’s bitcoin price watch article, we discussed the potential for some volatility throughout today’s session. Bitcoin had a pretty up and down week last week, and while the action was conducive to our intraday strategy, it made for uncertainty as we headed in to a fresh session this week. Would the up and down action continue? Were we gearing up for some strength, or are we headed into a selloff? Well, the week is now officially underway, and it looks as though we....
An analyst has explained, using different on-chain indicators, how Uniswap (UNI) could be gearing up for a price breakout. Uniswap Metrics May Point That A Rally Could Be Brewing Up In a new post on X, analyst Ali has discussed the outcome that UNI may face based on some underlying metrics. The first indicator of […]
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,....
Here is our slightly altered (but hopefully just as effective) bitcoin price watch intraday strategy for Friday's European session. Those who have followed along with our bitcoin price watch pieces over the last few weeks will have noticed a common thread running through our strategy. We’ve been defining relatively tight ranges and skipping in and out of the markets with these ranges on breakout scalp trades. It’s been somewhat effective but there have been some pretty frustrating periods through which we’ve had to sit and stay net flat in the markets. Well, to mix things up a little....
Here's what to keep an eye on in the bitcoin price this evening. Stops, entries and key levels. In this morning’s bitcoin price watch piece, we noted that we had seen the 400 flat level breached for the first time in a few weeks, and that as a result, our overarching bias took a bullish turn. We set up our breakout and intrarange strategies to gain from any intraday volatility during the European morning and early afternoon sessions, and defined our risk. Action has now matured, and we got a break of support to the downside shortly after our analysis was published. Unfortunately, the....