Bitcoin Price Watch; Breakout Time!

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....

Here's what we are looking at for today's morning session - a return to breakout from yesterday evening's scalps. Yesterday afternoon, in the second of our twice daily bitcoin price watch pieces, we mixed things up a little bit. At time of writing we remained well within the range we had pre-slated as the one to watch for the morning session, and this gave us two choices. One, remain with that framework only (which, of course, wouldn’t have made for a particularly interesting evening’s worth of trading, or a particularly interesting analysis, for that matter); or bring a scalp strategy to....

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's a look at what we are focusing on in the bitcoin price this evening. Price has been especially active over the last few days, and we’ve had numerous opportunities to get in and out of the markets according to our intraday strategy. Both our breakout strategy and our intraday strategy have come in to play (those of you who have been with us for a while will know how rare both of these strategies are active, and more specifically, effective, at the same time) and it’s given us an opportunity to get in not just on upside and downside breakout volatility, but also some reasonable....

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....