Bitcoin Price Watch; Moving Forward With Some Upside
Here's a look at what we are focusing on in the bitcoin price this morning. OK, overnight action was a little strange last night. We saw price break through the level we had predefined as being one to watch in the early evening session, and managed to get in and out of the markets according to our intraday strategy as a result. However shortly after our trade closed out, the bitcoin price took a dive, and gapped down to fresh weekly lows somewhere in the region of 1010, or just a little lower. Just as price started to look as though it was set for a retest of the 1000 flat level, the spike....
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Earlier this morning we published our pre-session bitcoin price watch piece. We suggested the levels to watch in the bitcoin price throughout today's European session, and pointed out that we had finally seen some action in the bitcoin market over the weekend, and that we would be looking to draw on this volatility to get in and out of the markets today. Action has now matured, and as we head into the Asian session this evening - what are the levels that we are watching tonight, and are we looking at a range bound, or breakout strategy going forward? Let's take a look. First, consider the....
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....
Here's what were looking at tonight in the bitcoin price for our breakout strategy. In this morning’s bitcoin price watch piece, our primary focus was on the upside momentum we saw throughout the evening and Asian session on Tuesday, and how we could interpret this action as far as gaining insight into today’s volatility was concerned. We noted that – since we had seen some pretty sharp movements overnight – we may see a consolidation of the upside run this morning, as speculators took profits on their long entries. As things turned out, our expectations for some consolidation proved....
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....