Strategy Sits Tight On 478K Bitcoin—No New Purchases In Last 7 Days
Michael Saylor of Strategy (formerly MicroStrategy) announced that the company didn’t purchase new Bitcoins last week, maintaining its holdings at 478,740. He said that the company noted zero investments in its class A common stock, which is available through the at-the-market equity program, between February 10th and February 14th. Related Reading: Musk’s DOGE Investigates SEC—Will […]
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Donald Trump, the President of the United States, is thinking of a bold idea that might directly put money in the pockets of American people. Related Reading: Strategy Sits Tight On 478K Bitcoin—No New Purchases In Last 7 Days According to multiple reports, under the concept referred to as the “DOGE Dividend,” 20% of government […]
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....
Action has been pretty tight in the bitcoin price over the last week or so, and - despite a certain amount of volatility - getting in and out of the markets according to our intraday breakout strategy has been pretty difficult. There have been number of opportunities, but we have also been stopped out on occasion, and - as we head into the latter half of the week - the bitcoin price doesn't look like it's going to move too far in either direction - at least not on its own (we may see some fundamental driver inject some volatility, but as yet we cannot count for it). So, with this said, for....
Earlier this morning we published our twice daily bitcoin price watch piece. In the article, we highlighted the levels that we would be watching in the bitcoin price throughout Monday's European session, and suggested where we would look to get in and out of the markets according to our intra-range and breakout strategies. Action has now matured throughout the session, and - as we head into the Asian session on Monday evening - what are we looking for from the bitcoin price now? Take a quick look at the chart. As the chart shows, action today has been relatively tight, and - aside from....
Here's a look at what we are focusing on in the bitcoin price this morning. It’s Tuesday morning out of Europe, and time to take our first look of the day at the bitcoin price. We noted yesterday that tight, scalp breakout trades had been working pretty well for us over the last few days, and that a continuation of this strategy might be our best bet going forward. As such, for last night’s session, we defined a pretty tight range and went at action with some solid risk definitions. Action has now matured overnight, and we’ve got to alter our approach slightly in ahead of today’s open.....