The dominating topic for the day has been the British referendum, and the ensuing decoupling of the UK from its European Union counterparts. Chances are that this topic will dominate global economic news (and in turn, equities and other financial asset market sentiment) for the next few days, making it difficult to predict what’s going to happen in the price of (what are essentially speculative, when it comes to this sort of underlying fundamental) assets such as bitcoin. Having said this, even though we don’t really know which direction is set to command the overarching trend in the bitcoin price, it’s more than possible to pick out a profit from the market purely by setting up against both sides of any potential volatility. With this in mind, and armed with our intraday strategies, here’s what we are looking at. First up, take a quick look at the chart below to get an idea of the key levels we are bringing to the table.
The first thing you will notice is that they are pretty much where we
Read more ... source: NewsBTC USA
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