Bitcoin Price Watch; Return To The Upside?
Here's a look at what we are focusing on in the bitcoin price this morning. So we are about to kick things off for another day of trading in the bitcoin price, and action overnight has been pretty interesting. Our primary focus yesterday was the seeming consolidation of bitcoin throughout the early morning session, and what this might have suggested about what we could expect going forward. Specifically, when we see consolidation like this, it generally signals the end of a longer-term, overarching trend, and points towards a shorter term reversal. With the overarching trend being to the....
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Yesterday evening we published our thoughts on the bitcoin price movement we had seen throughout the day on Tuesday in our twice-daily bitcoin price watch piece. We noted that there has been a considerable amount of upside momentum throughout the day, and that managed to enter and exit on this momentum to draw profit from the market according to our intraday scalp strategy. Now action has matured overnight, and the European session is about to kick off for a fresh day of trading, what are the levels we are keeping an eye on now, and where will be looking to enter on today's action? Take a....
Here's what we are looking at in the bitcoin price as we head into the weekend. In this morning’s analysis, we discussed the reversal of the overarching bullish momentum we had seen in the bitcoin price overnight, and suggested that it might just be corrective and – in turn – we could see a return to the upside throughout the Friday European session. While the bitcoin price remains within the range we defined earlier, action this afternoon has brought us to trade just shy of resistance, and it looks like we may get some further upside as we head into the Friday evening session and beyond,....
Here's a look at what we are focusing on in the bitcoin price this evening. Things just keep getting better and better in our bitcoin price trading. We noted this morning that we would love to see a continuation of the volatility that carried us through the 700 resistance level over the weekend, and that if we did, we would likely be able to pull a decent profit out of the market with our breakout strategy. Our upside trade was pretty aggressive (because we basically don’t expect price to break through support around the 700 flat mark anytime soon) and we were vindicated on today’s action.....
Here’s what we are focusing on for this evening's session in the bitcoin price. The weekend is pretty much upon us, and with it, we are drawing to a close yet another week’s worth of action in the bitcoin price, Our trading has been relatively subdued so far, primarily as a result of the lack of any real sustained momentum in the markets throughout the early days of this week. This doesn’t mean we haven’t been able to get into any positions however. Today’s action brought with it some solid upside action, and we were able to get in long a little earlier on this morning (pretty much....
In this morning's bitcoin price watch piece, we published our thoughts on how the situation in Greece was unfolding, and how it would in turn affect the bitcoin price going forward. We suggested that - from the swift decline we saw from yesterday's highs - we might see a correction and some upside momentum return us to around the 300 mark and - perhaps - beyond. However, during today's session, we have seen some pretty flat action. While we did get something of a correction from this level, we have failed really to move that much, and we currently trade well within the range we slated this....