Bitcoin Price Choppy; Stop Loss Hit

First off, lets say that today’s session did not go to plan. In this morning’s article, we highlighted what we were looking at as far as key levels was concerned, and suggested how would get into the markets according to these levels. We put in term support at 281.55, and in term resistance at 285.86. At time of publication, both these levels represented the daily low and daily highs respectively. We were trading around mid range when we said that we would look for a break above or below is a level to put us long or short respectively, and we did get a break to the downside, but it did not work out as we hoped. With this said, what of levels that we are watching during tonight’s Asian session, and where will we be looking to trade on a breakout? Take a quick look at the chart.

bitcoin price

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As you see, our key levels we are exactly the same as this morning. In term support sits

Read more ... source: TheBitcoinNews