Bitcoin Price Watch; An Exciting Week Ahead!

So we are just about to kick off a fresh week in our bitcoin trading, and action over the weekend gave us plenty to ponder going into today’s session. We saw quite a lot of volatility, some sustained, some not, and managed to get in and out of the markets according to our predefined parameters (those which we highlighted on Friday) and draw a profit. With this in mind, and as we head into a fresh week’s trading, what are the levels we are watching in the bitcoin price, and where will we look to get in and out of the markets if we get a repeat of the volatility we saw over the weekend and in turn – some sustained momentum in the current price? As ever, take a quick look at the chart below to get an idea about levels in focus. It is an intraday chart, with a 15 minute candlestick timeframe, showing somewhere in the region of the last 24 to 48 hours worth of action.

Screen Shot 2016-05-16 at 11.08.17

Screen Shot 2016-05-16 at 11.08.17

As the chart shows, the levels we

Read more ... source: TheBitcoinNews