So there we go. Another week pretty much complete, and it’s been a big one for many reasons. Trump is heading to the White House, the bitcoin price has made a series of fresh highs, and sentiment seems to be on the up. We’re expecting this sentiment to maintain throughout the weekend and into next week, so 800 is looking more and more of a possibility. Yes, we’ve got $80 or so to go before we crack this level, but we’ve seen bigger moves over a couple of days, and we’re going to be optimistic.
So, with this in mind, let’s get to our strategy and see if we can bring things together heading into the weekend.
As ever, take a quick look at the chart below to get an idea of what happened overnight, and where we are looking at getting in and out of the markets according to our intraday strategy.
As the chart shows, the range we are focusing on for this morning’s European session is defined by in term support to the downside at 719, and in term resistance to the upside at