Bitcoin Price Breaks; What’s On Today?

Its been a strange few days in the bitcoin markets. Having gained strength throughout the majority of last week, especially towards the end during which we got a kick up to fresh intraday highs, the bitcoin price dipped considerably throughout Saturday’s trading to register lows just ahead of 445, and despite a short term recovery that saw the bitcoin price break 450, continues to decline into Sunday’s trading. This decline saw lows carved out just ahead of 440 – a level that is going to feature in today’s price strategy. A look at the action today gives us a little bit of insight into how the bitcoin price might play out this going forward, with both a technical charting pattern forming to near completion and, as ever some key levels that we can bring into play on our breakout strategy. SO, with this in mind, let’s take a look at the levels in question, and try to figure how how we can apply our various strategies to any volatility in the markets today. We are circa mid afternoon in Europe, and so we only have a few hours’ worth of trading left in the European markets, but any framework we

Read more ... source: TheBitcoinNews

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