Bitcoin price Volatility Returns; Here’s What We’re Watching

For the last few weeks or so, we have been watching the bitcoin price to try and get in and out of the markets according to our intraday breakout strategy. For a variety of reasons, action in the bitcoin price has been relatively muted, and this has made it very difficult for us to execute our strategy effectively. Without sharp and considerable movements in either direction, we were regularly chopped out of our entries. Luckily, we used quite a tight stop loss on the majority of our trafes, and so the losses we took on these losers was not enough to render our account untradeable. However, with this said, over the weekend we got quite a lot of action. We initially gained to trade just shy of 295 flat, a level not seen in at least the last few weeks, and – since then – have broken back down to trade made 280s. So, what are the levels that we are watching during tonight’s Asian session, and do we think we can get in and out of the market and draw profit from the volatility we are enjoying at the moment? Take a quick look at the chart.

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