Bitcoin Price Watch; End Of The Week Profit

Bitcoin Price Watch; End Of The Week Profit

Well, the end of the week is here, and for this author at least, it seems to have gone pretty quickly. We have had plenty of action in the bitcoin price across the markets, both from an intrarange and a breakout perspective, and this has translated to numerous entry opportunities. Some of these entries have worked out well, some not so much, but we’re going to end up net profitable on the week so long as today doesn’t turn out too badly, so that’s always a win in our books. We aren’t going to ramble too much this morning, since the European session is already underway, and there is plenty happening right now in the markets. So, with this in mind, and as we move forward into today’s session, here is what we’re focusing on right now. As...

Bitcoin Price Watch; Here’s What’s On For The Weekend

Bitcoin Price Watch; Here’s What’s On For The Weekend

So here goes, our final bitcoin price analysis of the week. It has been a pretty busy week, as we noted earlier today, and one that will likely end up influencing our trading for weeks to come. Why? Because action has been so volatile that it has carved out numerous key levels, and we can use these key levels to carry forward into our trading throughout the remainder of January. Exactly which of them will become effective remains to be seen, but no doubt some of them will, and when they do, we will be ready to take advantage. Anyway, chances are many reading are looking forward to getting their weekend started, so we won’t take too long. All we’ll do is outline our key levels for this evening session, and maybe something to watch over the weekend, and...

Bitcoin Price Watch; Here’s What’s On This Morning

Bitcoin Price Watch; Here’s What’s On This Morning

Okay then. The middle of the week is here, and it’s time to take stock of what’s happened so far, and what is likely to roll out across the next couple of days. Things have been pretty up and down so far. We started out the week with some relatively flat action, but this matured into some volatility pretty quickly. The volatility, we were able to take advantage of, and we have managed to get in and out of the markets according to the rules of our strategy (primarily breakout) on a number of occasions so far. With any luck, we’ll get a continuation of this volatility today, and – further – into the latter half of the week. If we don’t, we’re going to bring our intrarange strategy into play, and see what happens. That is a forward...

Bitcoin Price Watch; Here’s What’s On Tonight

Bitcoin Price Watch; Here’s What’s On Tonight

In this morning’s analysis, our primary focus was taking advantage of the volatility we expected to come after the action we saw last night. The bitcoin price has been relatively flat for the last few days, but overnight we saw this flat action breakout, and we finally got some momentum underway. During this morning’s European session, and as expected, this momentum continued to materialize. Price broke to the downside recently, and we managed to get in and out on a downside trade as per the levels we outlined this morning for a nice short profit. We are in something of a tricky situation right now, however. Price corrected quite substantially from its afternoon lows by way of a bounce, and this has left us with a pretty wide range for this...

Bitcoin Price Watch; Trading The Volatility

Bitcoin Price Watch; Trading The Volatility

Things are really starting to move now in the bitcoin price. Yesterday, and to some extent, the day before, action was relatively flat. This is not necessarily a bad thing. Sometimes, and especially after a period of extended movement, we need to see some flat action as price consolidates. Consolidation generally precedes a return to volatility, and that’s exactly what we’re seeing now. Price overnight moved – not substantially in one direction, but up and down – considerably, and we were given a number of opportunities to get in and out the markets according to the rules of our intraday strategy. Hopefully, during today’s European morning session, we will see more of the same. So, with this in mind, and ahead of the European session kicking...