Bitcoin Price Watch; Narrowing Things Down

So, we have come to the middle of the week, and it seems like not much has happened from an intraday perspective in the bitcoin price today. This likely has something to do with the long weekend out of the US, but any hangover effect from Monday’s low volume should ease up at some point today, and as such, we should get a return to some solid price momentum. It is getting pretty boring to just reiterate our key levels time after time, but when price trades sideways within such a narrow range it’s difficult to switch things up that much without breaking the rules of our strategy. Having said this, there is something we can do, and that is to narrow the time frame of our analysis. So, with that said, we are going to shift from a 15 minute chart to a five-minute chart, and see if we can go for some slightly tighter scalp targets on any volatility. take a look at the chart below to get an idea of what we’re focusing on this morning and to see how the time frame switch has affected our charting.

Screen Shot 2016-07-06 at<p><a href=Read more ... source: NewsBTC USA