Bitcoin Price Watch; Trading The Volatility
Here's a look at what we are focusing on in the bitcoin price this morning. Things are really starting to move now in the bitcoin price. Yesterday, and to some extent, the day before, action was relatively flat. This is not necessarily a bad thing. Sometimes, and especially after a period of extended movement, we need to see some flat action as price consolidates. Consolidation generally precedes a return to volatility, and that’s exactly what we’re seeing now. Price overnight moved – not substantially in one direction, but up and down – considerably, and we were given a number of....
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At the end of last week, we published our twice-daily bitcoin price watch piece. In the piece, we highlighted a few of the key levels that we would be keeping an eye on in the bitcoin price over the weekend, and suggested how we would respond to price breaking or reaching these levels as far as entering on our intraday scalp strategy was concerned. Now action has matured over the weekend and we have seen quite a lot of volatility so, with this said, what are we watching today, and how might we draw profit from the market throughout the European session? Take a quick look at the chart. As....
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....
Here's what we are looking at for tonight's bitcoin trading session. Levels remain from this morning, risk parameters tightened slightly. In this morning’s bitcoin price watch piece, we outlined the range that we would be focusing on for the early morning session in the bitcoin price market, and noted that an element of indecision across the board (induced by the ongoing debate over the technical fundamentals of bitcoin and the blockchain) might stifle any sustained directional volatility – that is, at least, until one side of the market gained an edge. We’ve now come to the end of the....
Here is what we are looking to trade in the bitcoin price for this morning's session out of Europe It’s time to put together the first of our twice daily bitcoin price watch pieces, and in what looks to be a stark contrast to the action we saw over the last week or so, things have been pretty flat overnight. Price reached highs of a little over $725 across the major exchanges early this week (as most reading will already be aware) but has since corrected to where it currently trades, circa 670-680, and looks as though it might maintain this level for a sustained period going forward.....
A little earlier on this morning, we published our twice daily bitcoin price watch piece. In the piece we outlined the levels we were looking to watch in the bitcoin market throughout Friday's session, and stated that - if we got the volatility we were looking for - we would look to enter according to our breakout strategy in an attempt to draw a short term scalp profit on the action. Action has now matured throughout the day, and we are heading into the close of the European session and the beginning of the weekend. In the majority of other financial assets, markets would be pitching to....