Ok, so that’s another day done, and it’s been a pretty quiet one. Action in the bitcoin price wasn’t overly volatile, and while we managed to get into one or two positions intrarange, it was nowhere near as ‘fun’ as we noted we hoped it might be in today’s earlier analysis.
We’ve got the remainder of the US session ahead, and we’re looking to get in and out on any volatility, with the goal being to close out the week on a high.
So, with this in mind, let’s get moving.
Take a look at the chart below to get an idea of what happened today, and where we’re looking to get in and out of the markets according to our intraday strategy.
So, as the chart shows, we’re looking at in term support to the downside at 770 and in term resistance to the upside at 777. There’s plenty of room for intrarange for this evening, so let’s take a look at that side of the strategy first.
If price bounces from support, we’re going to look to get in long, and target an upside target of resistance.