Bitcoin Price Watch; Riding The Wave

Here's a look at what we are focusing on in the bitcoin price this morning. So we’re off to a fresh week’s trading in the bitcoin price, and with any luck, we’ll get a repeat of the action we saw during last week’s sessions. Volume picked up on the back of raised participant rates, and the frequency of breakout entry opportunities increased. Not only that, but the momentum driven by the volume increase meant that we saw a few nice sustained movements on our entries, and this enabled us to get in and out according to our intraday strategy and stay in until our take profit hit. Those who....

Here's a look at what we are focusing on in the bitcoin price this morning. Another day, another opportunity to draw a couple of dollars from the bitcoin market on any volume induced volatility. That’s the saying, right? Well, it’s what we’re going to try and do today. The week so far has been mixed. We got9 a running start after a great weekend, but then price essentially died overnight on Tuesday/Wednesday (died as in remained flat, it didn’t crash or anything like that) and we didn’t manage to get in to anything for a few hours. Wednesday afternoon, however, price did crash (on the....

Bitcoin price sold off from just below $450 to $430. The market may be wondering whether this is the start of a downtrend, but wave analysis shows that the advance has more upside in store. A sell-off has drawn a long red candle in the price chart and retraced advance since Friday. According to the wave count in the chart, bitcoin price is apparently extending its 5th waves and has just completed wave 3 of the larger advancing wave. The current sell-off would count as wave 4, and that implies another advancing wave – wave 5. The 4th wave (today’s sell-off) had targeted the area (magenta....

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.....

Here's a look at what we are focusing on in the bitcoin price this morning. So let’s get things kicked off this morning. The week has been slow so far and we’ve not had too much action to go at. This isn’t too much of a big deal, as we’re still riding the wave of last week’s gains, and we don’t want to rush in to any trades and get chopped out of the markets prematurely. Last night we noted that the choppy action was a bit of a concern, given that price had trended pretty flat (albeit with a slight downside bias) throughout the afternoon session, and that the low volume might make for....