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....
In this morning's bitcoin price watch piece, we highlighted the levels that we were looking to keep an eye on during the European session today. We hoped that based on the action we had seen throughout the Asian evening session on Monday, we might get a continuation to the upside and be able to enter on a break of in term resistance towards 250 flat. As it happened, we did get the break, but the momentum was unable to carry it through to our target. As a result, we are now looking at the same levels we had slated this morning as the ones to watch this evening. With this said, we are going....
Here's what's on for today's European morning session on the intraday charts in the bitcoin price. The Monday overnight session brought us pretty much exactly the action we expected in the bitcoin price – minus any real volatility. Price traded sideways within our range to break above and subsequently fall below the 400 flat level – to-ing and fro-ing around the psychologically significant barrier. As part of yesterday’s analysis, we noted that because of the significance of 400, and because it resided bang in the middle of our predefined range, we would avoid any intrarange entries. This....