Bitcoin Price Watch; Pushing The Boundaries Of Our Range
Here's a look at what we are focusing on in the bitcoin price this evening In this morning’s analysis, we noted that the action we have seen in the bitcoin price over the last few weeks has been incredibly volatile. We pointed out that this volatility could make trading difficult going forward, unless price settled down a bit, and consolidated somewhat. We also highlighted the fact that action overnight last night suggested that this consolidation might be just around the corner, and – if it was – we might have an opportunity to take a breather and try and bring our intrarange strategy in....
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This is the last week of 2015, thus the coming weekend will already belong to the year 2016. The behavior of any cryptocurrencies can be unexpected now, and the market is ready to give out surprises. So far, it is not about Litecoin, which continues its painfully slow movement in the range of $3.40 - $3.60. The previous boundaries of the price corridor of $3.20 - $3.80 were narrowed, that is caused not by definiteness in the movement of Bitcoin’s price. Meanwhile the exchange rates of the LTC:BTC pair made a start from 0.008 and reached 0.0084 for a short period. We must watch closely the....
Here's what we are focusing on this morning in the bitcoin price. In last night’s bitcoin price watch analysis piece, we highlighted a range that was quite a lot wider than those we have looked at across the last few weeks. This was in response to the volatility we saw over the weekend, and the opportunity this afforded us for an intra-range approach, rather than just our standard breakout strategy. Overnight, action didn’t mimic the volatility that we saw on Sunday, and pretty much just trended within the range we had predefined. Admittedly, it was a wide range, so it was optimistic to....
Yesterday afternoon we saw the bitcoin price breakout of its intraday range (the parameters of which we highlighted in the mornings bitcoin price watch piece), and we published our analysis shortly before the markets closed in Europe offering up the levels we were keeping an eye on in the bitcoin price overnight and what the breaking of these levels would mean as far as our intraday positions were concerned. Now action has matured, we have a few new levels to watch. What are these levels, and how might we enter a position in the BTCUSD today? Take a quick look at the chart. As you can see,....
Once again the bitcoin price has failed to make any significant progress throughout a European session - something that (yesterday's action aside) looks to be becoming something of a trend. In our bitcoin price watch piece published this morning, we outlined the parameters we were keeping an eye on throughout the day, and suggested where we would look to get in and out of the markets if the bitcoin price breached these parameters. We also suggested that the range we were looking at was a little too tight to allow for an intra range strategy. So, with this in mind, and as we head into the....
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....