Bitcoin Enters Tight $30 Range as Investors Become Indecisive

Here's a look at what we are focusing on in the bitcoin price this morning. It is Tuesday morning, and time to take a look at the bitcoin price for the first time today. Action overnight was pretty weak, as it has been for the majority of the last few days, and we didn’t really get any opportunity to get in and out the markets as we would have liked. This doesn’t mean that we aren’t going to see any action today, but it may weaken our key levels purely because we haven’t had any recent breakouts. As has been pretty standard so far this week, we are going to stick with a really tight range,....

Here's a look at what we are focusing on in the bitcoin price this evening In this morning’s bitcoin price analysis, we outlined what was a pretty tight range for use during the European session, and said that we would incorporate our breakout strategy only for as long as action remained as-was. That is, relatively tight highs and lows, without too much in the way of volatility. Action has now matured throughout the day, and there hasn’t really been too much to speak of. We did get a little bit of a break earlier on today, and we managed to get in for a quick profit to the upside, but....

Bitcoin’s price is in a tight range Thursday while some investors are moving into ether.

In our intraday bitcoin trading over the last few weeks, we have outlined our ranges as being pretty tight. However, over the last few days, despite a few swift moves during the Asian sessios, the bitcoin price has remained pretty restricted within a five or six dollars range. As a result, we are going to tighten things up a little bit during this evening session, and try and bring an intra-range strategy into play. With this said, take a look at the chart below, and get an idea of the key levels we are watching as we head into tonight's Asian session. As you see, in term support sits at....

Yesterday afternoon we got an upside break in the bitcoin price, and on some pretty low volume managed to hold onto the gains overnight. We corrected a little bit earlier this morning, and just as the markets opened in Europe, we got another kick, and have since traded between a pretty tight consolidatory range. This tight range has given us something to play with during today’s session, but there’s not much room for manoeuvre, so our intrarange is out of the window. This said, breakout should work nicely, so lets look at implementing a scalp strategy on today’s key levels, and try to....