Bitcoin Price Watch; Price Soars Through 550 – More Upside to Come?

The weekend is pretty much upon us, and with it, we are drawing to a close yet another week’s worth of action in the bitcoin price, Our trading has been relatively subdued so far, primarily as a result of the lack of any real sustained momentum in the markets throughout the early days of this week. This doesn’t mean we haven’t been able to get into any positions however. Today’s action brought with it some solid upside action, and we were able to get in long a little earlier on this morning (pretty much straight after we published the first of our two bitcoin price watch analyses), and in turn, get out for a nice profit take. Price soared throughout today’s session, and the question now, is whether or not this upside momentum is likely to continue as we head into the weekend. Will we see further upside action? Of course, we don’t know. If we did, things would be easy. What we do know, however, is that we can get in on either side of the market if we set up our key levels correctly.

So, with this in mind, here’s a look at how we aim to approach markets

Read more ... source: TheBitcoinNews