Bitcoin Upside Break: Live Trade!
A little earlier this morning we outlined our strategy for today's action in the bitcoin price. We defined our range and suggested that, if we got a continuation of the volatility we saw throughout the majority of last week, we would look to enter in the direction of the volatility on a breakout from our range. Action has now matured throughout the day - and as we head into a fresh Asian session - let's take a look at some of the levels we are looking at going into tonight. First, have a quick look at the chart. As the chart shows, action has literally just (at time of writing) broken....
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Here's how our live bitcoin price trade is playing out, and what we are focusing on for this evening's session going forward. So the European session is about to draw to a close for the day on Tuesday, and it is time to take a look at what bitcoin price action gave us today and – in turn – how we can interpret this action and carry this interpretation forward as an actionable strategy tonight. In this morning’s bitcoin price analysis, we noted that rice had corrected from overnight (and week to date) highs, and that we could use this correction as a range parameter. Further, we said we....
Here's what we are looking at for today's European morning session in the bitcoin price, and a look at a live trade we entered last night. So today we’re going to mix things up a little bit and kick off this analysis with a chart. The one below shows action overnight in the bitcoin price, and illustrates a long trade that signaled entry during early Asia, and one which we currently hold as a live position. As the chart shows, we got in on a break of the level we slated as in term resistance in yesterday’s second analysis, and initially saw the bitcoin price run up towards our predefined....
Here's a look at a currently ongoing live trade in the bitcoin price, as well as tonight's strategy in the markets. As I write this, we are a matter of cents away from picking up a nice upside gain in the bitcoin price intraday strategy. In our piece this morning, we outlined the range we were going to focus on for the remainder of the European morning session and the majority of the afternoon’s trading, and that range was broken to the upside a little while ago. Unfortunately, on the first break, the bitcoin price broke back within the range and (just!) took out our stop for a small loss.....
Here's a look at what we are focusing on in the bitcoin price this evening, with a look at one of our live trades. The markets are about to draw to a close in Europe, and it’s time to take our second look of the day at the bitcoin price. Things have been pretty up and down over the last twenty four hours or so, and we’ve been going at the markets with a pure scalp breakout focus. Intrarange hasn’t really been an option based on the narrow predefined ranges we’ve been working with. Action today hasn’t disappointed, and we’ve managed to get in to a long entry based on a break and a close....
Here's what we are looking to trade in today's bitcoin price European morning session. Just as we did yesterday evening, we’re going to kick our bitcoin price analysis off this morning with a chart. The chart below shows the action seen in the bitcoin price throughout yesterday evening, and during the night. It’s a fifteen-minute candlestick chart, with the framework that we outlined in the second of yesterday’s analyses still overlaid. As the chart shows, shortly after we published our analysis, we got a break to the upside through in term resistance. The close that came after this break....