Bitcoin Price Volatile; Levels Remain Strong

From the position we found ourselves in this morning, today has not been a good day for our strategy. Having outlined our bitcoin price parameters according to the key levels that we were keeping an eye on, we went into this morning’s European session expecting either to incorporate our intra-range strategy or two take advantage of a breakout and getting in according to our intraday scalp strategy. As it happens, choppiness in the markets has ended up putting us in out of the markets for a loss, and – as we head into the Asian session this evening – this choppiness looks as though it could be set to continue. With this said, however, the action has enabled us to maintain our earlier levels, and so we will go into this evening session looking at a similar strategy as we did this morning – albeit hoping for a different result. So, with this said, what were looking at this evening, and where will we look to get in and out of the markets? Take a quick look at the chart.

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