Bitcoin Price Watch; Holding The Range For The Weekend

The week has now drawn to a close, and it is time to publish our final analysis. Action throughout this week has been pretty interesting, and we have managed to get in and out of the markets on a number of occasions both long and short. Price today, unfortunately, has not been quite as volatile, and we haven’t really been able to do that much from a position setting perspective. This doesn’t mean we won’t see some volatility this weekend, however, so, as we head into this evening’s session and the Asian open in the morning tomorrow, here is a look at what we are focusing on. First up, take a quick look at the chart below to get an idea of our range in focus. As ever, the candlestick chart you are looking at is a 15 minute chart showing the last 24 hours worth of action, and it has both our range and a couple of key targets overlaid for illustrative purposes.

Screen Shot 2016-07-01 at 17.33.42

Screen Shot 2016-07-01 at 17.33.42

As the chart shows, action today has remained well within our predefined range,

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