Early this morning we discussed the action we had seen in the bitcoin price during Wednesday night’s Asian session, and highlighted the levels that we would be keeping an eye on during Thursday’s European session. We pointed out that action had been tight over the past few days, and that as a result, will be looking to implement a combination of both our intraday breakout strategy and – if the opportunity arose – a scalp strategy based on our predefined range. As it happened, neither of these strategies proved effective during today’s session. Action remained well within the range we slated as what to watch this morning, and – despite a small amount of volatility this afternoon – we end the day pretty much where we began. So, with this said, what are the levels that we are watching this evening, and where will we train into the markets in the event that we do see some volatility on any fundamental driven markets? Take a quick look at the chart.
As you see, we have not