Bitcoin Price Up Again; 300 In Sight?

Its been a big week for the bitcoin price. Action has been overwhelmingly to the upside, and a continuous stream of breakout trades has brought us to trade just ahead of 10 week highs. With a continuation of this strength, and a final push over the coming few days, we could reach 300 flat, and if we do, we will no doubt get some collateral strength as faith across the bitcoin market and the bitcoin price is restored, at least to some extent. The last few weekends, and in particular Sundays, have brought with them boosts of ten dollars or more, so if we can get a bit of strength today heading into the weekend, such a target is not unrealistic. Having said this, we will keep things a little nearer term for todays European session, and head in with our breakout strategy on the most recent swing highs. So, here are the levels we are looking to enter at today, alongside the risk management parameters that will define our entries. Take a quick look at the chart.

Screen Shot 2015-10-23 at 13.05.23Screen Shot 2015-10-23 at 13.05.23Read more ... source: NewsBTC USA