Bitcoin Price Watch; Live Trading! – NEWSBTC

The day is drawing to a close in Europe, and it’s time for us to take a second look at the bitcoin price and see how our strategy played out. Things have been pretty volatile over the last couple of weeks, and this morning we were able to widen out our range (by way of shifting to a fifteen-minute timeframe instead of the five-minute frame we have been looking at as-late). This – in turn – meant we were able to go at action using both our breakout and our intrarange strategies; well, set up to incorporate them into the session, at least.

So, how did today’s bitcoin price action play out, and what can we do this evening to incorporate what we saw into this evening’s strategy? Let’s take a look. The chart below shows today’s markets.

Screen Shot 2016-08-01 at 19.19.52

Screen Shot 2016-08-01 at 19.19.52

As the chart shows, and with all the above noted, today was pretty disappointing. We had a pretty wide range, so to expect too much from a breakout perspective was a bit of a stretch, but volume was low and

Read more ... source: TheBitcoinNews

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