Bitcoin Price Watch; Riding High Into The Weekend
Here's a look at what we are focusing on in the bitcoin price this evening. Another week complete, and unfortunately, it looks like we are going to close out the session on a bit of a damp squib. Things haven’t moved to the degree we would have liked, and we remain underneath the level I’ve been obsessing over for the past three weeks – 800 flat. The weekend is often good for big level hits, so there’s every chance we will get a run on Saturday or Sunday that takes out the level. If we do, I’m not going to complain, but I would have liked to have locked in some profits on said break before....
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Here's a look at the levels in focus for today's bitcoin price watch intraday strategy. In yesterday evening’s analysis, we focused on the relatively flat action we have seen in the bitcoin price across the last few days, and commented that this might continue as we head into the close of the week. As things have turned out, we’ve seen the opposite happen overnight. Last night, as the Asian session kicked off, the bitcoin price rose sharply in what amounts to an almost mirror image of the action seen over the weekend, and topped out just shy of 750. A correction has brought things down to....
At the end of last week, we published our twice-daily bitcoin price watch piece. In the piece, we highlighted a few of the key levels that we would be keeping an eye on in the bitcoin price over the weekend, and suggested how we would respond to price breaking or reaching these levels as far as entering on our intraday scalp strategy was concerned. Now action has matured over the weekend and we have seen quite a lot of volatility so, with this said, what are we watching today, and how might we draw profit from the market throughout the European session? Take a quick look at the chart. As....
A little earlier on this morning, we published our twice daily bitcoin price watch piece. In the piece we outlined the levels we were looking to watch in the bitcoin market throughout Friday's session, and stated that - if we got the volatility we were looking for - we would look to enter according to our breakout strategy in an attempt to draw a short term scalp profit on the action. Action has now matured throughout the day, and we are heading into the close of the European session and the beginning of the weekend. In the majority of other financial assets, markets would be pitching to....
Here's what we are looking at for the weekend sessions in the bitcoin price So that’s it – the end of the week. We’ve had some considerable up and down swings in the bitcoin price since Monday, and as we mentioned in the first of our twice daily bitcoin price watch pieces this morning, we’ve been able to get in and out for a profit on a couple of occasions. This morning we highlighted a relatively tight range and set up against price breakouts on this range. This evening, and with the day’s action taken into consideration, we are going to do pretty much exactly the same. Price action today....
Here's what we are looking at as we head into the weekend in the bitcoin price market. Its that time again, the end of the week, and time to put forward the framework with which we are going to approach the weekend in the bitcoin price. Things have been relatively inactive to day so far, but we did get in a short trade on a break of support a little earlier on this afternoon. Unfortunately, the trade didn’t work out, and price returned to trade within range shortly after we entered the position and – in doing so – took us out for a stop loss hit. As we mentioned this morning, however, the....