Bitcoin Price Choppy: Here's What We're Watching Tonight
In this morning's bitcoin price watch piece, we highlighted the downside momentum we saw throughout the early half of this week, and painted it in contrast to the corrective action we saw during Wednesday evening's Asian session and this morning's early European action. We suggested a few of the levels that we would be keeping an eye on today, under the assumption that we would get a continuation of the volatility we saw last night. Action has now matured throughout today's European session, and as we head into a fresh Asian session on Thursday night, where are we looking to get in and out....
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Its been a bit of an odd day in the bitcoin price markets. Having initially kicked off the European session with some interim gains, the bitcoin price reversed pretty sharply from intraday highs and collapsed to reach lows just shy of where things currently sit. This has two implications for tonight's session. The first, that we have a nicely defined intraday range that gives us something solid to trade throughout Asia. The second, that in spite of this range, its going to be difficult to form a central bias - at least near term. Without any consistency in overarching momentum, we are....
Earlier on this morning, we published the first of our twice daily bitcoin price watch analysis. In the piece, we suggested that - as a result of the width of our predefined range - we would bring both our intrarange and our standard breakout strategy in to play. Action has now matured to the close of the European session, and we are about to head into Friday evening a a fresh Asian session. Many of the markets for the more traditional financial assets close over thanksgiving and the weekend, but not bitcoin. This means we can get our strategy in line for the weekend, and attempt to pull a....
Shortly before the markets opened in Europe this morning, we published our twice-daily bitcoin price watch piece here on NewsBTC. In the piece, we suggested that - with the recent volatility we had seen in the bitcoin price over the weekend - we could benefit from adapting our traditional intraday breakout strategy to take advantage of an intra-range entry, as defined by both in term support and resistance. We also highlighted the potential for a breakout entry, and suggested that - according to the same levels we were watching for our intra-range entries - we could get long or short if we....
In this morning's bitcoin price watch piece we highlighted the levels that we were keeping an eye on throughout today's European session. Action has now matured throughout the day and - at a time when global markets are breaking to the downside - there has been plenty of volatility in the bitcoin price. As we head into a fresh Asian session, what are the levels we are watching tonight, and where will we be looking to get in and out of the markets according to our intraday strategy if we get a repeat of European volatility? Take a quick look at the chart. As the chart shows, action today....
So earlier this morning we published our twice daily bitcoin price watch piece. In the article we noted that - as a result of all the volatility we have seen over the last few weeks - we would look to implement our breakout strategy on any break of our predefined key levels. Action has now matured throughout the day, and as we head into tonight and the Asian session, what are the levels we are watching in the bitcoin price now, and how did our strategy fare today? Take a quick look at the chart below. As the chart shows, action from today's session has been pretty flat compared to that of....