Bitcoin Price Breaks; Bears Take Control Overnight / July 29, 2015

Yesterday evening, we published our twice-daily bitcoin price watch piece. In the piece, we highlighted the levels we would be watching throughout the evening and during Tuesday night’s Asian session in the bitcoin price, and suggested that – if the volatility we have seen throughout the early part of this week continues – there may be further profit to be drawn from the bitcoin market. Action has now matured throughout the Asian session, and we did get the volatility we were looking for. With this in mind, how to get in and out markets, and what are looking at today to try do the same. Further, is an intra-range strategy valid, or will we be looking at our breakout strategy during today’s European session? Take a quick look at the chart.