Perhaps unsurprisingly, action overnight in the bitcoin price was relatively muted. The federal holiday in the US led to a pretty soft volume level, and this eradicated any real chance of sustained momentum. We did see a couple of quick trades complete yesterday on short-term volatility, in line with our intraday scalp strategy, but nothing to write home about. Anyway, all that is behind us now. We have a fresh week (effectively) of trading this week, and the US back in full swing in a couple of hours, volume should start to pick up once more. So, with this said, and as we head into today’s European morning session, what are we looking at in the bitcoin price, and when we look to get in and watch the markets according to our intraday strategy in order to try and draw profit from any action? Let’s take a look. As ever, have a look at the chart below to get an idea of the primary levels in focus. The chart is a 15 minute candlestick chart, showing the last 24 hours worth of (albeit flat) action.
Read more ... source: TheBitcoinNews
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