Bitcoin Price Tight; Scalp Strategy in Play

In yesterday evening’s bitcoin price watch piece, we published the levels that we would be looking to keep an eye on throughout the evening’s session. We noted that – when compared to the steep decline we saw over the weekend – action throughout the first 24 hours of this week has been pretty mute, and that we may look to implement an intra range strategy if things remained so. Well, action overnight has once again been pretty disappointing, and today’s strategy looks like we’re going to have to tighten things up as far as looking to get in and out markets according to our intraday strategy is concerned. So, with this said, what are the levels that we are watching in today’s bitcoin price, and where can we look to draw profit from any movement? Take a quick look at the chart.

bitcoin price

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As you see from the chart, today’s action is all about close-knit trading. The two levels that we are watching to the upside and the

Read more ... source: TheBitcoinNews