Bitcoin Price Watch - Thursday Night's Key Levels
A little earlier on this morning we published our twice-daily bitcoin price piece, focusing on the levels that would be will looking at as the day matured, and how we would react to price reaching these levels as far as entering a long or short position was concerned. Now action has matured throughout the day, and we've got a pretty good picture of what we're likely to see as we head into the US afternoon session and beyond. With this said, what are the levels we are now keeping an eye on, and did we manage to enter any positions during today's session? Take a quick look at the chart. As....
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Just as we did last night, let’s kick things off with a chart. The chart below shows action in the bitcoin price across the last 48 hours or so, and has the levels that we outlined last night being the ones to watch still overlaid. As you can see from the chart, having picked up strength throughout the majority of the week so far, bitcoin looks as though it is going to be heading to the close of the week down on its opening. Overnight saw a considerable and sustained sell off, and price carved out fresh weekly lows at just ahead of 436. Action over the last couple of hours has corrected....
Here's a look at what we are focusing on in the bitcoin price this morning. It’s time to take a first look at the bitcoin price for today, and see if we can set up against the action seen last night I order to draw a profit from the market. It was a bit of a strange night last night. Price took a hit and gapped down on no real news, and we managed to get in short on a break of support. The trade didn’t work out, and we are now net flat on the markets, but it’s given us something to go at from an intraday perspective. We’ve got a pretty solid range, and should head in to today’s European....
A little earlier on this morning, we published our twice daily bitcoin price watch piece. In the piece we outlined the levels we were looking to watch in the bitcoin market throughout Friday's session, and stated that - if we got the volatility we were looking for - we would look to enter according to our breakout strategy in an attempt to draw a short term scalp profit on the action. Action has now matured throughout the day, and we are heading into the close of the European session and the beginning of the weekend. In the majority of other financial assets, markets would be pitching to....
Here's a look at what we are focusing on in the bitcoin price this morning. Whatever your political persuasion, last night was a long night, and is likely still continuing for many across the US. Celebrations, commiserations, whatever is in order, we’re going to inject a dose of normality and stability in to your day with the first of our twice daily bitcoin price watch analyses right here. For those that couldn’t bear to watch, we’re going to spoil it for you now – Trump won. What that means for the bitcoin price remains to be seen. My initial thoughts right off the bat are that we will....
Here's a look at what we are focusing on in the bitcoin price this morning. Well, here, we are, at the end of another week’s worth of trading in the bitcoin price. This one has gone pretty quick, and has been a bit of a rollercoaster. What started off as a pretty slow week, with price edging sideways out of the weekend and in to the Monday and Tuesday sessions, started to pick up pace around midweek, and we haven’t really looked back from there. Yesterday, price broke through the 1,000 level for the first time this week, and we set up a few key levels to keep an eye on going into the....