Action in the Bitcoin price has not disappointed this week, with a whole raft of volatility translating to some great potential entry points in the markets. We have drawn profit from both the upside and the downside, and had our fair share of stop hits, but across the week have managed to draw a net profit from our operations.
However, as we have seen over the weekends from the last few months, action on Saturday and Sunday can follow a completely different pattern than the Bitcoin price action we see in the week. Whether this is because the weekend translates to a reduction in volume—or whether it is just a case of different speculators incorporating different strategies—is unclear. One this is clear, however: our breakout strategy is well-equipped to absorb any differentiation in activity, and that regardless of the drivers behind price action, we can scalp for profits on any volatility.
So, with this said, and as we head into a fresh weekend’s trading in the market, what are the levels we are watching in the market this evening, and where will we look to get in and out of the markets in the event that we get the volatility we are