Bitcoin Price Watch; Finally Some Intraday Volatility?
Here's a look at what we are focusing on in the bitcoin price this morning. It’s taken us a little longer than expected, but we’ve finally got some decent momentum in the bitcoin price. In yesterday’s analysis we highlighted the fact that – despite the fundamentals suggesting we might see some action – price had stayed relatively flat across the last week or so. This isn’t necessarily a bad thing, but it doesn’t make for particularly interesting intraday trading. Well, last night, price finally broke through resistance and we managed to get in and out for a quick scalp profit. It looks as....
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At the end of last week, we published our twice-daily bitcoin price watch piece. In the piece, we highlighted a few of the key levels that we would be keeping an eye on in the bitcoin price over the weekend, and suggested how we would respond to price breaking or reaching these levels as far as entering on our intraday scalp strategy was concerned. Now action has matured over the weekend and we have seen quite a lot of volatility so, with this said, what are we watching today, and how might we draw profit from the market throughout the European session? Take a quick look at the chart. As....
Here's a look at what we are focusing on in the bitcoin price this morning. Okay. Here we are. The penultimate day of the week, and bitcoin price has finally started to pick up momentum. At the start of the week, we noted that we could be looking at targeting 800 as a medium-term upside target if the volatility that we saw towards the end of last week maintained throughout this one. As it turned out, however, action throughout the early half of this week was relatively flat, and we didn’t end up with our focus target available to us. However, once again, the end of the week is nearly here,....
Last night we published our twice-daily bitcoin price watch piece, and dedicated a large portion of it to the suggestion that the bitcoin price had stabilized somewhat over the past couple weeks, and - as a result - the number of opportunities for entry and exit had subsided. We further suggested that as we entered the Asian session on Thursday evening, and beyond that, approached a fresh European session on Friday morning, we may see some volatility based on any number of fundamental drivers. As it happens, we did get some action overnight, and we have finally broken out of the range we....
Here's a look at what we are focusing on in the bitcoin price this evening. Finally, some action. It’s taken until the end of the week to come to fruition, and it’s meant we’ve had a pretty boring week from an intraday bitcoin price trading perspective, but we’ve finally been given an entry opportunity and it’s we managed to take it for a profit. This means that – assuming we manage to hold on to our advantage through the US afternoon session that is currently in play, we are going to end the week net up on the markets. Beyond that, as we head into the weekend, we’re looking for an entry....
Here's what we are looking to trade in today's bitcoin price market. Breakout strategy, targets and risk annotated. Well, we’ve finally gotten some volatility in the bitcoin price. Not exactly the type we’d hoped for from a long term perspective, but it’s given us an excuse to get in to a couple of positions overnight and that’s done enough to abate the patience issues we discussed in yesterday morning bitcoin price watch analysis. How things will play out today remains to be seen, but with the bitcoin price having wound up in a consolidatory phase for nearly a full week (if we include the....