Bitcoin Price Volatile: Breakout Strategy in Play
A little earlier on this morning we published our twice-daily bitcoin price watch piece. In the piece we highlighted the levels that we were watching in the bitcoin price during today's session, and suggested how we might respond to price reaching these levels during European market open. Now action has matured throughout the day and we are looking at a fresh set of levels carved out by some volatility from today's markets. With this said what are the levels that we are keeping on now, and how can we get in and draw profit from the market on action during the Asian market session? Take a....
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Here's a look at what we are focusing on in the bitcoin price this morning. Well, here we go, the first of our final two analyses of the bitcoin price this week. As we have said on a number of occasions, price has been really volatile this week, and as a result, we have had plenty of opportunities to get in and out of the markets according to our intraday strategy. Both our breakout strategy and our intrarange strategy have come into play at various points in time, and with any luck, we will be able to bring both into play one final time this week and end the week on a high. So, with this....
Here's a look at what we are focusing on in the bitcoin price this morning. Well, here we go, the first of our final two analyses of the bitcoin price this week. As we have said on a number of occasions, price has been really volatile this week, and as a result, we have had plenty of opportunities to get in and out of the markets according to our intraday strategy. Both our breakout strategy and our intrarange strategy have come into play at various points in time, and with any luck, we will be able to bring both into play one final time this week and end the week on a high. So, with this....
Here's a look at what we are focusing on in the bitcoin price this evening. Price has been especially active over the last few days, and we’ve had numerous opportunities to get in and out of the markets according to our intraday strategy. Both our breakout strategy and our intraday strategy have come in to play (those of you who have been with us for a while will know how rare both of these strategies are active, and more specifically, effective, at the same time) and it’s given us an opportunity to get in not just on upside and downside breakout volatility, but also some reasonable....
It is becoming increasingly difficult to draw a profit from the market. What has been a faithful strategy for the past six months or so, our traditional breakout strategy, is failing to offer many valid entry signals on the back of the consolidatory action we have seen in the bitcoin price over the last week. We have ranged tightly mid range, not even touching our key levels. Not only has this left us unable to implement a breakout position, but it has also made it difficult to effectively bring our intrarange strategy into play - as this requires us to correct from a key level to enter,....
Here's a look at what we are focusing on in the bitcoin price this morning. Once again, overnight, we have seen some pretty volatile action in the bitcoin price. For the last couple of weeks, this volatility has become something of the norm, and on a number of occasions, we’ve had to narrow our time frames into the one-minute chart in order to define some levels that are narrow enough for us to take advantage of our breakout strategy during the European session. This morning is one of those occasions. As you will see from the chart below, we’re using the one-minute chart, and even that is....