Bitcoin Price Watch; Setting Up For Action
Here's a look at what we are focusing on in the bitcoin price this evening. In this morning’s analysis, we noted that price hadn’t moved much over the weekend, and that we were hoping for a little bit more volatility during today’s session. When we get volatility, it gives us a chance to get into the markets on breakout entries, and these are generally the more reliable of our various entry methods. Intrarange can be great, but it is easy to get chopped out on intrarange trade. Breakouts – when we catch them right – are quick and easy profitable entries. Unfortunately, as action has played....
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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....
Here's a look at what we are focusing on in the bitcoin price this morning. It’s Monday morning, and the European session is about to get under way in the bitcoin price. We are going to take a look at how action over the weekend has affected price, and then use this action to have a go at setting up a strategy for today’s session. Action over the weekend was pretty flat, although we did see something of a slight bearish bias towards the end of Sunday evening. Price swung a little also, meaning we have a pretty solid range to go at this morning. So, with that out of the way, let’s get to....
Here's what we are looking at for today's bitcoin price watch strategy, with a focus on our breakout strategy. We’re a little bit late publishing the first of our two intraday bitcoin price analyses today, primarily as a result of the action we saw both overnight and throughout the initial phases of this morning’s session. Generally, we like to put our first interpretation of the night’s action out sometime around the kick of of the European and UK sessions (i.e. in line with traditional asset market open on those days). Today, however, we got a big move just prior to these openings, and....
Here's a look at what we are focusing on in the bitcoin price this evening. The close of the week is fast approaching, and we’ve had a pretty volatile week in the bitcoin price. Things started off pretty slow, and we thought that we were setting up for a relatively flat week. As things turned out, that wasn’t what we got. We managed to get in and out on a variety of strategic approaches, including breakout scalp and intrarange, and we are closing out the week net up on the markets – that is, if we don’t have too bad a day today. Action overnight last night gave us plenty to look at as far....
The European session is drawing to a close, and it’s heading into lunch time in the US. As usual, this means it’s time for the second of our twice daily bitcoin price watch analysis pieces, so here goes. First, we will have a quick look at what action threw out today, and then we can interpret this action and use it to try and figure out how we can approach this evening’s trading. So, to kick things off, take a quick look at the chart below. It represents action seen during the last 24 or so hours. As the chart shows, volume this morning was pretty low, and price action has remained well....