Another day done, and another pretty flat day for intraday action in the bitcoin price. We did manage to get in to a short trade a little earlier on, and this has meant we were able to pull in a small downside profit, but nothing over exciting, and definitely nothing to write home about.
We’ve got a evening out of Asia ahead of us, and the closing hours of the US afternoon session, so with any luck we will see some volume from both and manage to get in to a sustained momentum entry.
So, with this said, and as we head forward into the above mentioned sessions, here’s a look at what we are targeting, and a discussion of where we are going to get in and out of the markets according to our intraday strategy.
As ever, take a look at the chart below to get an idea of the levels in focus.
As the chart shows, the levels we are looking at define a range of in term support to the downside at 606 flat, and in term resistance to the upside at 609. This