So this morning we published our twice daily bitcoin price watch piece, highlighting the levels that we would be looking at during Monday’s European session. Action has now matured throughout the day, and as we head into a fresh Asian session this evening, what are the levels we are watching in tonight’s bitcoin price market, and where will we look to get in and out according to our intraday strategy. Further, how did today’s strategy fare? Did we manage to get into a trade, or has action kept us out of the markets? Let’s take a look. First – have a glance at the chart below to get an idea of what today brought.
As you can see from the chart, and in light of today’s action, we are going to keep the levels we slated as being the ones to watch this morning in place for tonight’s Asian session, albeit with them now playing different roles. In term resistance at 373.96 now becomes in term support, while our medium term upside target at 390.13 serves