Bitcoin Forms Major CME Gap In Volatile Weekend Price Action, Analysts Discuss

Here's a look at what we are focusing on in the bitcoin price this evening. So that’s it, another week out of the way. As we noted in this morning’s bitcoin price analysis, things have been pretty wild this week. Price gave us plenty to go at with our intraday scalp strategy (and in turn, plenty to discuss as part of our intraday analyses) and we have managed to close out the week net up on the markets, despite the odd stop loss hit here and there. We’ve got a weekend’s worth of action ahead of us, however, and as those who are regular readers will be all too aware, price can often be....

Here's a look at what we are focusing on in the bitcoin price this morning. Here we go then. Another week’s worth of trading under our belt in the bitcoin price, and a fresh week ahead of us. At the end of last week, we set up against some slightly wider than normal weekend action. We looked at the hourly charts as opposed to the minute charts, and put a framework in place that was designed to take advantage of any longer-term weekend volatility – that is, something slightly outside of the traditional intraday momentum. As things turned out, this strategy worked pretty well. Action over....

Here's what we are looking to trade in the bitcoin price for this evening's session out of Europe. The European session is now drawing to a close, and its time to perform the second of our twice daily bitcoin price watch analyses. As we mentioned this morning, action over the weekend was pretty flat – something of an anomaly when considered in line with the sharp, volatile action we’ve seen during the weekend over the last few months. As things have turned out, action throughout today’s session has mirrored that which we saw over the weekend. Specifically, we’ve not really seen any....

On Friday afternoon, shortly before the markets closed in Europe for the weekend, we published our twice-daily bitcoin price watch piece. In the piece we highlighted the levels that we would be watching throughout the weekend, and suggested how we might respond to the bitcoin price reaching or breaking these levels as far as getting in according to our intraday scalp strategy was concerned. Now action has matured over the weekend, what are the levels that we are watching as we head into a fresh week of trading? Further, did we manage to get in and out of the market according to our....

Here's what we're watching in the bitcoin price on Friday evening, and beyond, into the weekend. We’re about to shut down our analysis for the weekend, but before we do, let’s take one more look at the bitcoin price, in an attempt to set up against any potential volatility that comes this evening and, beyond that, into the weekend. The chart below shows action across pretty much the entire week. As you can see (and ignore the blue highlights for now, these will come into play when we zoom in to the intraday chart shortly) action was pretty volatile at the beginning of the week, declining....