Bitcoin Price Watch; Here’s What’s On This Evening
Here's a look at what we are focusing on in the bitcoin price this evening. So that’s Monday done, at least out of Europe, and it’s time to set up against the US afternoon and – beyond that – in to the Asian session later tonight. In this morning’s analysis, we noted that it looked as though price was winding up for a medium term increase, and that we might be able to take advantage of this winding up if we saw a breakout. As things turned out, we got exactly that. Price broke to the upside early afternoon and (while admittedly choppy) ran up to our take profit with no real issue. It’s a....
Related News
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 evening. The end of the European session is here, and it’s time to take a look at action in the bitcoin price today with a view to setting up a strategy for this evening. We got a bit of volatility earlier today, and managed to get in on a downside break for a quick scalp profit. Whether we will get a repeat of this volatility moving forward remains to be seen – there’s not been too much to speak of across the last few hours, and volume has been pretty weak. This may change as the US session heats up pre-close, and as the....
Here's a look at what we are focusing on in the bitcoin price this evening. So here goes, our final bitcoin price analysis of the week. It has been a pretty busy week, as we noted earlier today, and one that will likely end up influencing our trading for weeks to come. Why? Because action has been so volatile that it has carved out numerous key levels, and we can use these key levels to carry forward into our trading throughout the remainder of January. Exactly which of them will become effective remains to be seen, but no doubt some of them will, and when they do, we will be ready to take....
Here's a look at what we are focusing on in the bitcoin price this morning. Overnight action in the bitcoin price was a little strange. Before the European session shutdown for the evening last night, we published the second of our twice-daily bitcoin price watch pieces, and in the piece, we highlighted what we thought was a relatively tight range as being one to watch from a breakout perspective. Because the range was so tight, we decided not to go at price with an intrarange approach, and – early evening – this seemed to be a solid strategy. We didn’t manage to get into any trades, but....
Here's a look at what we are focusing on in the bitcoin price this evening. Well, this is getting a bit frustrating. Price seems to want to weigh to the downside, even though we want it to hit 800 so much. Shows how much influence we have. The chart below shows action during the European session today. It’s basically gone as follow: break, consolidation, break, consolidation. We’re currently trading just ahead of the 740 mark, and it’s looking like sentiment is very much to the downside right now. Not too much of an issue for our intraday operations, but a little frustrating on the longer....