Bitcoin Price Jumps; Bulls in Control!

Bitcoin Price Jumps; Bulls in Control!

Earlier this morning we published our twice-daily bitcoin price watch piece. In the piece we highlighted the levels that we would be keeping an eye on in the bitcoin price throughout Monday’s session, and suggested how we might respond to price reaching or breaking these levels as far as entering according to our intraday scalp strategy was concerned. Now action has matured throughout the session, what are the levels that we are keeping an eye on now, and how can we get in and out of the market according to our scalp strategy as price matures throughout the Asian session? Let’s take a quick look. First of all, have a quick look at the chart below.

bitcoin price

As the chart shows, shortly after we published our piece this morning, we ran up towards the level that we had slated as in term resistance before a quick test and then a break of this level put us long towards our intraday target of 255 flat, and we quickly broke this level to take out a nice profit from the trade. We reached highs of 256.92 on an

Read more ... source: TheBitcoinNews