Earlier this morning we published our twice-daily bitcoin price watch piece. In the piece, we highlighted the levels that we would be watching throughout Tuesday’s European session, and suggested that – despite our use of both our breakout and intra-range strategy’s overnight during the Asian session – we would switch to just a breakout strategy today. Action has now matured throughout the day, and – as we head into a fresh Asian session – did we manage to get in and out markets according to our breakout strategy, or is still stuck within the range we highlighted earlier? Further, what are the levels that we will be watching during today’s session, and which of our strategies will we be looking to implement? Take a quick look at the chart.
At the chart shows, action today initially broke below the level we had slated as in term support, but quickly returned to trade within the range and took us out of our short trade by taking out our stop loss. However, we quickly broke back below this level, and ran down towards our target. Having