Bitcoin Price Rockets; Bulls Take Control!

In this morning’s bitcoin price watch piece, we highlighted the levels that we would be watching during today’s European session, and suggested how we would respond to price reaching or breaking these levels as far as getting in according to our intraday strategy was concerned. We pointed out in particular that we had seen some volatility throughout Thursday evening’s European close, and as we entered into the Asian session, and suggested that we would love this volatility to continue and allow us to get in and out of the markets according to our breakout strategy if it did.

Now action has matured throughout the European session, and as we head into a fresh weekend’s worth of trading, what are the levels that we are keeping an eye on in the bitcoin price, and did we manage to get anything out of the markets today? Take a quick look at the chart.

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As you see from the chart, action during today’s session broke out and we got in according to our intraday strategy on a long trade. We quickly hit our target, and

Read more ... source: NewsBTC USA