Bitcoin Price Watch; Back In Play

Here's a look at what we are focusing on in the bitcoin price this morning. In yesterday evening’s analysis, we noted that – as a result of the action we have seen over the last few days in the bitcoin price – the 1000 level might come into play it soon. We opined that it may take a week or so, but in an optimistic forecast, we also noted that if we saw a break to the upside, it could come into play much sooner than that. As things turned out, this latter suggestion has proven valid. Overnight action saw the bitcoin price run through our predefined resistance level, giving us an....

Yesterday afternoon, we published our twice-daily bitcoin price watch piece. In the piece, we highlighted the levels that we would be looking at around evening during the Asian session, and suggested that - as a result of the widening of our regular parameters - we could probably get in and out of the markets according to our intra-range strategy. Action has now matured overnight, and - as we head into a fresh European session - what of levels that we are keeping an eye on in the bitcoin price today, and how can we try and draw profit from the market on the back of these parameters? Take a....

Here's a look at what we are focusing on in the bitcoin price this evening. The trading day has now come to an end out of Europe in the bitcoin price, and it’s time to publish the second of our twice daily bitcoin price watch analyses. Action has been pretty uninspiring throughout the day’s session, with very little movement to go at from a breakout perspective. It’s at times like this that trading the bitcoin price can get pretty dull, but it’s also at times like this that the most money is lost based on erratic trading decisions. Best to stick to our strategy (even though it’s not giving....

Here's what we are watching in this evening's bitcoin price. Both the intrarange and breakout strategies are available for use. In this morning’s analysis, we noted that a downward sloping channel offered up the potential for an upside break, and in turn, some strength in the bitcoin price throughout the Wednesday European session. It’s been about seven hours since we released our interpretation of last night’s action, and things haven’t exactly played out as expected. We got a downside break that put us in a medium term short trade, but a quick reversal leaves us currently just shy of an....

Here's what we are looking at for today's evening session out of the US and ahead into Asia in the bitcoin price. In the first of today’s bitcoin price watch analyses, published this morning, we noted that the levels we were watching – i.e. those that would define the range for today’s morning session, had widened a little, and that as a result, we were able to bring our intrarange strategy in to play. It’s been a while since that’s been the case (simply because the action seen over the last week or so has been too tight to define a wide enough range). As it turns out, we only really....