Bitcoin Price Watch; Straddling The Trade
Here’s what we are focusing on for this morning’s session in the bitcoin price. We’re heading into the middle of the week, and action so far has given us plenty to go at. Having traded relatively flat over the weekend, the bitcoin price entered the week with a bang, rushing through the 550 flat mark and sustaining some upside momentum towards what now looks to be the next major upside milestone – 600 flat. Whether we will actually break this level remains to be seen – longer term its almost an inevitability, but near term we cannot be so sure. Regardless, we are going to set up against....
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A little earlier on this morning, we published our twice-daily bitcoin price watch analysis piece. In the piece, we highlighted the levels that we would be watching throughout Wednesday's session, in the hope that we could draw a profit from the bullish momentum we have seen in the bitcoin price as late. As it happens, we did get a break out, but we have now returned to trade within the range that we had slated as the one to watch this morning, and it looks as though we may see a temporary reversal of the current action. So, with this said, what are the levels that we are keeping an eye on....
Here's what we are watching in this evening's bitcoin price. Both the intrarange and breakout strategies are available for use. In this morning’s analysis, we noted that a downward sloping channel offered up the potential for an upside break, and in turn, some strength in the bitcoin price throughout the Wednesday European session. It’s been about seven hours since we released our interpretation of last night’s action, and things haven’t exactly played out as expected. We got a downside break that put us in a medium term short trade, but a quick reversal leaves us currently just shy of an....
Action has been a bit choppy in the bitcoin price over the last few days, but it hasn't stopped us drawing a profit from the market. Here's what we are looking at in today's European markets and beyond. Yesterday afternoon, our bitcoin price watch article highlighted a bunch of key levels, and in the article, we were able to define a classical pattern that suggested – from a technical perspective, at least – we were set for a continuation of the downside break we saw a little earlier in the day. A look at the action that succeeded our analysis shows a mixed response to our predictions. We....
Here's what we are looking to trade in this evening's bitcoin price on Friday. In this morning’s bitcoin price watch analysis, we suggested that we would like to see three things this by afternoon. First, a successful completion of our ongoing long trade. Second, a breakout on which we could get into a position, with the assumption being that this would be a long position and an upside break, if we were also going to fulfill item one. Third, a sustained move I the direction of our entry that would see us hit our target, and take us out of the trade for a profit as we headed into the....
Here's a look at what we are focusing on in the bitcoin price this evening. So that’s another day done out of Europe in the bitcoin price, and once again, we’ve had plenty to go at. As a matter of fact, as we right this analysis, we are in a short trade based on our predefined strategy that we outlined this morning. This trade is ongoing towards a downside target of 685 flat – a level we came close to hitting a little earlier on but didn’t quite make it – and so, for now at least, we won’t be getting into any fresh trades. Our strategy dictates that we let one trade mature before kicking....