So the day has now drawn to a close, and it’s time to have a look at how our bitcoin price watch strategy performed throughout the European session, and adapt to its influence on our strategy for tonight’s session.
Earlier today, we noted that price had finally pushed through its long term range under the pressure of some upside momentum, and that we would be looking for this upside momentum to carry through to the daily session as an initial bias.
Well, we’ve not seen a solid continuation, but we did get a bit of volatility and this allowed us to get into a trade intrarange. We are net flat heading into the US afternoon, and beyond that in to the Asian session.
So, with this established, and with our key levels in place for tonight, let’s take a look at what we are targeting for the session ahead. As ever, take a quick look at the chart below to get an idea of what’s on. It’s the standard five-minute chart showing the day’s action, and it’s got our intraday range overlaid in green.
As the chart shows,