That’s it out of Europe for the day, and we are now heading into what’s probably going to be a wasteland for bitcoin price traders this afternoon in the US. Thanksgiving is going to suck volume out of the markets, and in all likelihood, we’re going to see no real action until Asia wakes up for the Friday session. We’re going to set up against price anyway – sometimes some of the biggest moves come on thin volume sessions – and see what we can glean from the market if/when things move.
So, take a look at the chart below to get an idea of our focus levels.
It is an intraday chart that shows a screenshot of the latest action in the bitcoin price (somewhere around twelve hours’ worth of price action) and it’s got our key levels overlaid in green. Once you’ve familiarised yourself with that, we’ll get to the nitty gritty.
As the chart shows, the range in focus for this evening’s session out of the US, and beyond into the Asian session early morning on Friday, is defined by in term support to the