Bitcoin Price Watch; Let’s Get The Break!
Here's a look at what we are focusing on in the bitcoin price this morning. Okay. Action overnight played out pretty much as we hoped it would in the bitcoin price. From what was a relatively muted start to the week, things started to pick up during the late evening session on Monday, and price looked as though it was going to break through the 1000 mark and get running to the upside once again. We did eventually get this break, but nothing more than a spike through it, and we are currently trading at or around this level right now. It means that we can use 1000 as a key level during....
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Here's a look at what we are focusing on in the bitcoin price this evening . It’s been a rough day to be an intraday bitcoin price trader. In this morning’s analysis, we highlighted a pretty tight range and set out some entry rules with which we would get into the markets on any volatility. We suggested that the recent action seen in the bitcoin price was conducive to a break, and that this break could come at any time during the European session, but likely later as the US session opens up for the day. Well, we did get a break, and a bit of volatility, later on in the session.....
Here's a look at what we are focusing on in the bitcoin price this evening. So that’s the week done, and it’s been a busy one. Things have played into our strategy from all angles, most notably (and I promise we’ll stop mentioning it from next week on out) the election in the US. It didn’t really play out as we expected, but that hasn’t impacted sentiment, at least not from a negative standpoint, and we’ve had lots of lovely volatility to dampen the disappointment of any decrease in volume. We’ve got the remainder of the US session left before wider financial markets take a break for the....
Here's a look at what we are focusing on in the bitcoin price this evening. Well, this is getting a bit frustrating. Price seems to want to weigh to the downside, even though we want it to hit 800 so much. Shows how much influence we have. The chart below shows action during the European session today. It’s basically gone as follow: break, consolidation, break, consolidation. We’re currently trading just ahead of the 740 mark, and it’s looking like sentiment is very much to the downside right now. Not too much of an issue for our intraday operations, but a little frustrating on the longer....
Here's a look at what we are focusing on in the bitcoin price this evening. Okay, that’s the European session done for today, let’s move on to the US afternoon and – beyond that – into the Asian session tonight. The bitcoin price has been relatively flat throughout the majority of the day, and we ended up getting chopped out of a trade earlier on this morning. It is not a great way to kick off the week, but it is not terrible, and we have to accept some losses now and again. Let’s hope we have got them out the way early, and that going forward, we can recuperate the lost capital and more.....
Here's a look at what we are focusing on in the bitcoin price this morning. It’s Tuesday morning, and time to take a look at the bitcoin price for the first time today. Action during yesterday’s session was pretty kind to us, and we managed to get into a short term trade on a downside break for a small profit. So as we head into today’s session, we’re going to look to get into a similar trade, with our strategy defined by a relatively tight range and some scalp entries on breakouts. We will probably also look at some intrarange action, given the width of the range afforded to us from....