Bitcoin Price Watch; This Week’s Key Levels
Here's a look at what we are focusing on in the bitcoin price this morning. So at the end of last week, our primary focus was the volatility that we had seen in the bitcoin price across the previous few days. Basically, last week started out relatively flat, but then over the middle of the week, price took a dive, and closed out trading somewhere in the region of the high 900’s. We weren’t sure whether price which remain there, and that the level would hold out as support, but we set up some levels heading into the weekend anyway, and crossed our fingers. As it turns out, price did dip a....
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Yesterday afternoon we saw the bitcoin price breakout of its intraday range (the parameters of which we highlighted in the mornings bitcoin price watch piece), and we published our analysis shortly before the markets closed in Europe offering up the levels we were keeping an eye on in the bitcoin price overnight and what the breaking of these levels would mean as far as our intraday positions were concerned. Now action has matured, we have a few new levels to watch. What are these levels, and how might we enter a position in the BTCUSD today? Take a quick look at the chart. As you can see,....
Here's a look at what we are focusing on in the bitcoin price this morning. We are about to kick things off for a fresh week’s worth of trading in the bitcoin price, and it’s time to take a look at action over the weekend to see if we can get a strategy in place for the European session. Things were a little more volatile over the weekend than they have been in the past, and this volatility has given us some nice levels to go at for today. So, with this in mind, and as we head into the session bell, here’s a look at what we are going for, and where we are looking to get in and out of the....
Yesterday afternoon, shortly before the markets closed in the UK, we published our bitcoin price watch piece highlighting the levels we would be keeping an eye on in the BTCUSD as the bitcoin price matured overnight. We've seen some considerable movement throughout this maturity, and our parameters - in terms of levels to watch - have changed. With this said, what happened overnight, and what will action around particular levels tells about a potential intraday bias as we head into a fresh day of trading? Take a quick look at the chart. As you can see, action in the bitcoin price overnight....
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 what we are focusing on in the bitcoin price this morning - Monday, April 25. One thing we noticed on a number of occasions across the last few months, is the tendency for the weekly price to slow down towards the end of the week [Thursday, Friday] and then pick up some momentum over the weekend. This usually results in some large gains [ although we have seen a couple of losses], and rightly occurs as a result of a volume surge out of Asia. Action has now matured over the weekend, and as we head into a fresh week’s worth of trading in the bitcoin....