Bitcoin Price Watch; 800 Here We Come!
Here's a look at what we are focusing on in the bitcoin price this evening. Well, things are getting interesting now. We’ve been watching closely for a break of the 800 flat level in the bitcoin price for what seems like forever, and based on last week’s action, it looked like we might have to wait a little bit longer. Sometimes, however, a session can make all the difference, and that’s what we’ve seen during daytime Europe on Monday. Aside from the potential 800 target, we’ve also managed to get in long on a break of this morning’s predefined resistance, which subsequently ran straight....
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Yesterday afternoon, shortly before the markets closed in the UK, we published our bitcoin price watch piece highlighting the levels we would be keeping an eye on in the BTCUSD as the bitcoin price matured overnight. We've seen some considerable movement throughout this maturity, and our parameters - in terms of levels to watch - have changed. With this said, what happened overnight, and what will action around particular levels tells about a potential intraday bias as we head into a fresh day of trading? Take a quick look at the chart. As you can see, action in the bitcoin price overnight....
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....
A little earlier on this morning, shortly before the markets opened in the UK, we published our bitcoin price watch article addressing how we would response to price reaching certain levels throughout Tuesday's European session. The primary focus of the piece was the sharp decline we saw in the bitcoin price overnight on Monday, and the overarching bearish bias - on both a technical and fundamental level - that this forced us to accept. Now price has matured throughout the European session, and we are about to open on a fresh US afternoon. With this said, what has price action told us....
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....
Here's a look at what we are focusing on in the bitcoin price this morning. Whatever your political persuasion, last night was a long night, and is likely still continuing for many across the US. Celebrations, commiserations, whatever is in order, we’re going to inject a dose of normality and stability in to your day with the first of our twice daily bitcoin price watch analyses right here. For those that couldn’t bear to watch, we’re going to spoil it for you now – Trump won. What that means for the bitcoin price remains to be seen. My initial thoughts right off the bat are that we will....