Bitcoin Price Watch; Both Strategies In Play
Here's a look at what we are focusing on in the bitcoin price this evening. So that is another day of trading done and out of the way, and there’s not a huge amount to discuss. The bitcoin price ranged pretty solidly throughout the early half of the day, and this has given us a pretty decent range to work with. We’ll use the range to go at price with both an intrarange approach and a breakout strategy this evening, and with any luck we’ll be able to draw a profit form the market on any volatility. So, we’ve said there’s not much to discuss, so we won’t ramble. Take a look at the chart....
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A little earlier on today, we published our twice daily bitcoin price watch piece. Based on the success of yesterday's intra range approach, we suggested we would look to incorporate two separate strategies into today's trading, and enter according to our key defined levels if either of the strategies afforded us an opportunity. Now action has matured over the European session, and as we head into the Asian session and, beyond that, the weekend, what are the levels that we are keeping an eye on - and can we move forward with both strategies? Take a quick look at the chart. As you can see,....
The week is about to draw to a close, and it’s time for the second of our twice-daily bitcoin price watch analyses. As we have done a few times already this week, let’s kick things off with a chart. The chart below is a 15-minute candlestick chart showing the last 24 hours worth of action in the bitcoin price, with the framework that we outlined this morning still overlaid. As you can see, the range we outlined this morning was defined by in term support at 445 and in term resistance at 451. With about six dollars to play with, we said that we would look at implementing both our breakout....
Earlier this morning we published a bitcoin price watch article that outlined the approach we would be taking throughout today's European session. Action has now matured throughout the day and, as we head into the Asian session this evening, how did our strategy play out, did we manage to get in and out of the markets, and where will we be looking to implement our entries heading into the weekend? Take a quick look at the chart below. As you can see, today's action has been pretty much range bound, between the parameters we highlighted this morning as being the ones to keep an eye on.....
Here's what we are looking at in today's bitcoin price. Key levels, stops and targets. In yesterday’s analysis, we brought both our intrarange and our breakout strategies into play for the first time in a week or so. Action had heated up over the weekend, and we had a range wide enough to play for trades off support and resistance. We also suggested that if we got a break of either of our key levels, we might see a sustained move in the direction of the break. As a result, we slated some pretty aggressive targets: ten dollars and eight dollars to the upside and the downside respectively.....
Here's what we are watching in this evening's bitcoin price. Both the intrarange and breakout strategies are available for use. In this morning’s analysis, we noted that a downward sloping channel offered up the potential for an upside break, and in turn, some strength in the bitcoin price throughout the Wednesday European session. It’s been about seven hours since we released our interpretation of last night’s action, and things haven’t exactly played out as expected. We got a downside break that put us in a medium term short trade, but a quick reversal leaves us currently just shy of an....