In this morning’s twice-daily bitcoin price watch piece, we suggested the levels that we would be watching throughout the afternoon, and pointed out that – if we didn’t get much volatility, we could implement an intra-range strategy in place of our standard intraday trading. Action has now matured throughout Monday’s European session, and as we head into a fresh Asian session, did we manage to get in and out of the markets today, and if not, where will we look to trade this evening? Take a quick look at the chart.
As you can see, today’s action was relatively mute. We are currently trading between the levels that we had slated this morning as our definable parameters, with in term support at 260.47 and resistance at 268.93. Once again, these are going to be the levels that we keep an eye on as we head into tonight’s session. There are four potential trades on this evening.
The first is if we break below 260.47, we will look to