Another day done in our bitcoin price trading efforts is drawing to a close, and it's been one that has been pretty good to us. We noted in our coverage this morning that the bitcoin price seemed to be settling down a bit, and that we we're expecting some degree of sideways trading today, as price ranged into a consolidation period. We set up a range that was capable of taking advantage of brea...
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One of the core concepts behind our approach to the recent volatility in the bitcoin price markets across the last week or so has been caution. The gains seen (primarily early to mid last week, but also over the weekend to some degree) have come around on the back of speculative volume, and as always, speculative volume must – at some point – fold into profit taking. The tough thing is knowing...
Trying to figure out which way the bitcoin price is heading has been a tough task as late. There’s been no real overarching directional bias – the bitcoin price has ranged consistently with the exception of a few sharp breakouts. As such, we’ve been implementing our intraday breakout strategy in combination with predefined risk levels in order to try and draw a profit from the spikes. This h...
We have seen quite a lot of bullish action in the bitcoin price throughout the end of the weekend and during Monday's session, and – in our twice-daily bitcoin price watch piece that we published yesterday evening – we suggested that if a fundamentally driven market sentiment (based on what is happening in Greece) can continue to keep hold of asset prices, there could be further bullish moment...