Bitcoin Price Watch; Don’t Say We Didn’t Warn You...
Here's a look at what we are focusing on in the bitcoin price this evening I’m tempted to stop writing these bitcoin analyses. Everything was running smoothly until I warned of a correction yesterday, and since then, things have just gone south. Well, we got a slight correction last night, some consolidation this morning, and then when we published an analysis early morning out of Europe, suggesting we may see a further decline towards the 1000 level, things started to fall again. As the chart below will show, the bitcoin price did fall towards this level, and has in fact broken it. At....
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Here's a look at what we are focusing on in the bitcoin price this evening. There we go – another week done in the bitcoin price. We’ve had a great week, and there have been loads of chances for us to get in and out of the markets according to our intraday strategy. Unfortunately, we haven’t managed to draw as much from the market on this last day of action as we might have liked. Not that price didn’t move (as we’ll get to shortly, it really did) but just that the move was a bit choppy, and didn’t mirror the sustained momentum we have enjoyed over the past few days. With that said,....
Here's a look at what we are focusing on in the bitcoin price this morning. Overnight action in the bitcoin price was a little strange. Before the European session shutdown for the evening last night, we published the second of our twice-daily bitcoin price watch pieces, and in the piece, we highlighted what we thought was a relatively tight range as being one to watch from a breakout perspective. Because the range was so tight, we decided not to go at price with an intrarange approach, and – early evening – this seemed to be a solid strategy. We didn’t manage to get into any trades, but....
Here's a look at what we are focusing on in the bitcoin price this evening. Action today has been pretty flat, and we’ve not had too much opportunity to get in and out of the markets according to the levels we outlined this morning. Price ranged sideways for the majority of the European session, and while we got the odd break, it didn’t last, and price returned to close back within the range before the candle closed out, so we didn’t get in on the break. It can be frustrating sometimes when we don’t get in on the breaks, especially when we see volume, but there’s a silver lining. When....
Here's a look at what we are focusing on in the bitcoin price this evening. In this morning’s bitcoin price watch analysis, our primary focus was the forming of a triangle, a classical charting pattern, and the implications of this triangle from our strategy throughout the day. We hoped that we would see price break out of the triangle in a definitive direction and – in turn – that we would see a sustained move in one direction or the other. As things turned out, we didn’t really get anything decisive. When we published the first analysis, price was just about to break through the....
Here's a look at what we are focusing on in the bitcoin price this evening. So the day has drawn to a close, and it’s been a bit dull. Some days, action in the bitcoin price is flat and we don’t manage to get in to any real breakout entries. Friday was a bit like that, and with action over the weekend spiking through support, we went into today’s session expecting some decent momentum plays. Unfortunately, we didn’t get what we wanted, and price has remained relatively flat. We’re going to head into this evening’s session with some fresh levels, and see if we can’t pull a profit from the....