Bitcoin Price Watch; End Of The Week Profits

That’s the end of the week, and what a week it’s been. We’ve seen a whole lot of action in he bitcoin price – something that has been sorely lacking over the last few months – and we’ve had the opportunity to get in and out of the markets according to our intraday strategy on numerous occasions. We are net up on the market, and look set to head into the weekend with a decent profit on the books. Things weren’t overly volatile today, which limited our entry options, but it also meant we didn’t have to get in to any tough positions, which in turn means we avoided any stop loss hits.

So, let’s look forward, and conduct what will be our final analysis of the week.

As ever take a quick look at the chart below to get an idea of our levels in focus before we get started. It’s a five-minute chart, as usual, and it’s got our key levels overlaid in green.



As the chart shows, action throughout the day today has been riddled with sideways price movement, but this isn’t necessarily a

Read more ... source: NewsBTC USA