We’ve been trading a relatively tight range as late, scalping the bitcoin price markets to draw small, few dollar profits on breakout volatility. Our twice daily approach (covering the European session and the Asian session respectively) has served us well, but today we are switching things up a bit. We are mid way through the European session, and are looking at something slightly different. We are still sticking with our intraday chart, but we are going to widen things out a little and see if we can bring our intra-range strategy into play mid session (and heading into this evening). A little later on, we will take a look at the progress so far and see where things stand. For now, let’s outline the levels we are looking at and see if we can define some targets and risk parameters. First then, take a look at the chart.
As you can see, the range we are looking at trading is defined by in term support at 263.96 and in term resistance at 272.99. This is just