Once again we have seen some pretty volatile action in the bitcoin price during the Asian session. Having declined throughout yesterday evening, from highs around 241.63 on the day, we reach 237.10 shortly before midnight. However, we quickly bounced from this level, and are currently trading around 240 flat – just shy of yesterday’s highs at 241.63. The hope here is that we can get some further volatility during today’s European session, and draw a profit from our intraday strategy as we head into the weekend. So, with this said, what are the levels that we are watching in today’s bitcoin price, and where can we look to get in and out of the markets according to our strategy? Take a quick look at the chart. As you see, and as we have…
In this morning’s bitcoin price watch piece, we highlighted the levels that we were looking to keep an eye on during the European session today. We hoped that based on the action we had seen throughout the Asian evening session on Monday, we might get a continuation to the upside and be able to enter on a break of in term resistance towards 250 flat. As it happened, we did get the break, but the momentum was unable to carry it through to our target. As a result, we are now looking at the same levels we had slated this morning as the ones to watch this evening. With this said, we are going to alter our strategy slightly in order to accommodate recent action. First up, take a quick look at the chart. As you can see, action during today’s session saw a…
At the end of last week, we reported that we had seen quite a lot of volatility in the bitcoin price, and that – as a result – we were switching our strategy from an intra-range to a breakout. Over the weekend, we’ve seen more of this volatility, and as such our strategy going into today’s session is unchanged. With this said, the parameters that we are looking at are slightly different from those which we were keeping an eye on on Friday. So, moving forward, what are the levels that we are watching during today’s session, and where can we look to get in and out markets according to our intraday strategy? Take a quick look at the chart. As you see, as part of the weekend’s bitcoin price volatility, there has been an overarching decline in…
We’ve had another pretty strong night in the bitcoin price evening, as the classical head and shoulders pattern translated to some strong downside momentum during the Wednesday night Asian session was negated. Overnight lows of around 226.32 mark a reversal point this morning, and we corrected to highs of 230.50 subsequently, but whether we can recover the lost strength during today’s European session remains to be seen. So, with this said, what are the levels that we are watching in today’s bitcoin price, and where will we look to get in and out of the market according to either our intraday breakout strategy or our intra-range strategy? Take a quick look at the chart below. The chart highlights the action we saw overnight, and reveals the…
Earlier today we published our twice-daily bitcoin price watch piece. In the piece, we highlighted the levels that we would be watching throughout the European session on Friday, and suggested that – as a result of the range bound action we have seen over the past few days – we could look to enter on either a breakout or a combination of our breakout and intra-range strategies today. Action has now matured, and as we head into the weekend, what are the levels that we are watching in the bitcoin price, and where will we look to get in and out markets according to either arms of our strategy? Take a quick look at the chart. As you see, from bouncing off in term support earlier this morning at 226.32, we traded up to reach in term resistance at 230.50 pretty…
In this morning’s bitcoin price watch piece we suggested that we would be looking for a continuation of the volatility we saw last week. If we got this volatility, we would take ad advantage and get in and out of the market according to our intraday breakout strategy. Action has now matured throughout the European session, and – as we head into engaging evening – what of levels that were keeping an eye on now, and did we manage to get in and out of the markets during today’s session? Take a look at the bitcoin price chart to start. Bitcoin Price Chart. As you can see, action during today’s session has ranged between what now serves as in term support at 224.39 and resistance at 231.40. These two levels are intraday lows and highs respectively….