Looking For A Great Entry On Bitcoin?
How Bitcoiners can use time, price expectation and supply at a loss to explore great entry opportunities.Acknowledgment: Derek Pennings came up with “The Entry Indicator.” I helped him with putting the thought process in writing. You can find him on Twitter @PenningsDerek.Not AgainIt happened. Again. Price dropped more than 50% from its all-time high. During times like these, people wonder whether the bottom is in or not. Nobody wants to sell the bottom. And nobody likes to buy a dip that keeps on dipping either.There are a lot of indicators. Some of which we call “on-chain” indicators and....
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Guggenheim CIO Scott Minerd has warned crypto investors about bitcoin’s pullback. He said bitcoin “clearly has gotten caught in a speculative bubble that Gamestop got into.” However, he noted that it will be a “great entry point” for long-term investors. ‘Great Entry Point’ for Bitcoin Investors The chief investment officer (CIO) of Guggenheim Partners, Scott Minerd, talked about bitcoin in an interview with CNN last week. Minerd is also the chairman of Guggenheim Investments, the global asset management and investment advisory division of....
Sometimes, when it comes to intraday trading, things just go right. We can have weeks of small gains or losses, and then all of a sudden a string of decent scale wins come along. This is why patience (and a consistent strategy) is so important. This week has been a great example of the latter situation. Each day we have seen our range and breakout strategy signal an entry, and then seen the bitcoin price validate that entry with a target hit. Yesterday was no different - and as we head into a fresh session on Friday in Europe, we are looking to end the week on a high. So, with this said,....
Here's what we are focusing on after today's action in the bitcoin price. As far as rough days in the market go, this has been one of the worst. We noted in this morning’s bitcoin price watch piece that the action we’ve seen over the last few days in the market had been a bit difficult to trade. Action has been up and down, and pretty choppy, and it’s this sort of volatility that can sometimes be great, and sometimes torturous. We have managed to pull a couple of profitable trades out of this sort of bitcoin price action, but only by keeping our targets extremely tight and maintaining some....
Here's what's on as we head into the weekend in the bitcoin price, and a live trade. The week has now completed, and it’s time to take one last look at the bitcoin price before things draw to a close. Action, as we have said on a number of occasions this week, has been pretty flat, and we’ve not really had that many opportunities to get into the market on the back of any sustained movements. We did manage to get into a long entry a short while ago, however, and we remain in this position as this second analysis goes out. As such, we won’t be entering any fresh positions until this one....
Here's a look at the conclusion of a live trade in the bitcoin price, and what's on today. So we’ve come to the end of yet another week’s intraday trading in the bitcoin price space, and it’s been a pretty interesting one. We’ve had breakouts on our traditional ranges, some scalp entries, and some not particularly fond memories of quick stop hits. In yesterday’s second analysis, we discussed the fact that we were shifting to the narrower timeframe, and in turn, the narrower range, in an attempt to pick up a quick profit from some overnight volatility. We set our parameters (targets and....