Bitcoin Price Watch; Let’s Get Some Volatility

Here's a look at what we are focusing on in the bitcoin price this morning. To all our American readers, let’s kick things off with a Happy Thanksgiving! I’m guessing volume is probably going to be down a little bit throughout the session today, with the major financials markets shut down across the US, and the early finish tomorrow on the stocks exchanges, but that doesn’t necessarily mean we won’t get any volatility. Sometimes as a result of the low volume we get choppy action, which might make today’s trading a little difficult, but if we set up with some relatively wide stops, and go....

Here's a look at what we are focusing on in the bitcoin price this evening. European markets have now shut for the day, and it’s the turn of US volume to control the bitcoin price. In this morning’s analysis, our primary focus was the volatility we had seen across the last seven or eight days, and the opportunity afforded to us by this volatility from a get in and out of the markets perspective. We hoped that the volatility would continue into today’s session, and to some extent it did. Unfortunately, however, the way in which the volatility affected price meant we got chopped out of a....

Here are the levels to watch in today's bitcoin price in order to draw a profit from any volatility across the European session. In yesterday’s analysis, we commented on the relatively slow week we had seen in the bitcoin price last week, and noted that – in response to the little bit of volatility we saw over the weekend – we expected some decent momentum to come our way during Monday’s session. As things turned out, we did see some momentum; not quite as dramatic as we’d hoped for, but momentum nonetheless, and we managed to get in and out of the markets for a quick profit on the....

Here's a look at what we are focusing on in the bitcoin price this evening. So that’s the first day of the week in the bitcoin price out of the way, and it’s been a pretty interesting one. We didn’t quite get the volatility we’d hoped for, but price did move, and we managed to get in on a short term scalp entry to draw a small profit from the market. Things have settled down a bit now, but that isn’t necessarily representative of what we can expect tonight, so with any luck we’ll get a bit more breakout action. So, with this said, and ahead of the late US session this evening, let’s take a....

Here's a look at what we are focusing on in the bitcoin price this evening. In this morning’s analysis, we stated that we hoped for a bit of action during today’s session so we could get on short term volatility. We returned to our standard horizontal breakout strategy (as opposed to sticking with our technical pattern plays that we dabbled with on Wednesday and Thursday) and set up to get in on a break of support or resistance with a relatively tight target on each. We did manage to get into a long entry earlier on, but this quickly reversed and took out our stop loss on the position.....