Earlier this morning, we published our twice-daily bitcoin price watch piece. In the piece, we looked at a couple of key levels that we would be watching as action matured throughout the day across the European session, and suggested how we might get in and out of the market according to entering on our intraday or intra-range scalp strategy was concerned. Action has now matured, and – as we head into the Asian session – what of levels that we are watching this evening, and how can we look to get in and out of the markets once again and draw profit? Take a quick look at the chart.
As you see, action today has seen price trend downwards throughout the majority of the session, and break through in term support mid-afternoon GMT. However, having broken through this level, we quickly returned to trade within the range we defined this morning. We will watch 266.99 as in term support once again, and 271.41 as in term resistance.
With any luck, the upside momentum we are currently seeing