Bitcoin Price Watch; Here’s What Might Happen Next
Here's a look at what we are focusing on in the bitcoin price this morning. In yesterday evening’s analysis, our core focus was preparing for a large pullback on the gains we had seen across the last week or so. We surmised that the bitcoin price couldn’t just keep rising unchecked – at some point, people take profits off the table. As it turned out, when we published our evening analysis, we were only hours away from this correction. Price reached the 1300 level (which was a natural resistance level, we’ve talked about these sorts of psychologically important levels in the past), ran....
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Here's a look at what we are focusing on in the bitcoin price this evening. Another day done, and another opportunity to pick up some profit from the bitcoin price and its associated volatility out of the way. There wasn’t any particularly volatile action during the session, and things remained within our predetermined range, which meant it was tough to get in to any trades mid session. Intrarange was off the table based initially, but we brought it in to play half way thorough the morning session, targeting a reversal towards support on a resistance correction. Didn’t happen that way, and....
Here's what's on for the weekend in the bitcoin price, in the wake of the referendum out of the UK. The dominating topic for the day has been the British referendum, and the ensuing decoupling of the UK from its European Union counterparts. Chances are that this topic will dominate global economic news (and in turn, equities and other financial asset market sentiment) for the next few days, making it difficult to predict what’s going to happen in the price of (what are essentially speculative, when it comes to this sort of underlying fundamental) assets such as bitcoin. Having said this,....
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....
Here’s what we are focusing on for this morning’s session in the bitcoin price. Well, we have come to the end of the week in the bitcoin price, and it’s time for our penultimate price watch analysis. It’s Friday morning, and a look back at action across the week so far shows a pretty flat few days, with intermittent spikes of volatility, but nothing to write home about. With any luck, as we head into this weekend, there will be some sustained momentum that we can get on the back of and ride out to a profit. This isn’t guaranteed, but those who have followed our analysis across the last few....
Here's what we are looking at for tonight's bitcoin price watch, with a focus on our standard breakout strategy against a slightly altered framework. So the European session has now come to an end in the bitcoin price, and it’s time to publish our take on what action throughout today’s session suggests about what we are looking at for tonight’s session. It has been a pretty interesting 24 hours, with action overnight kicking off the beginnings of what turned out to be a pretty large, sustained upside move – and in doing so – giving us a couple of nice opportunities to get in to the upside....