Action in the bitcoin price has matured across the European session, and hasn’t quite played out in our favor. That is, at least, from a long term holding perspective. Shorter term, we saw a decent amount of volatility, and managed to get in to a trade according to our predefined breakout strategy a little earlier on this afternoon. That position has now closed, and with it, the European session is about to draw to a concurrent close.
So as we head into a fresh afternoon out of the US, and as action matures beyond this into the Asian session tonight, here’s a look at what we are targeting. Specifically, a look at our predefined range on the bitcoin price, and a description of how we intend to go at the markets if we get a reproduction of today’s volatility. The chart below is a fifteen-minute candlestick chart showing the last forty eight hours or so worth of action in the bitcoin price. Get a look at it before we get going with our analysis so the levels in question make sense.
Read more ... source: TheBitcoinNews