Bitcoin Price Watch; Profit Target Hit!

So the European session has now drawn to a close, and it’s time to take our second of two looks at the bitcoin price market for the day. In this morning’s analysis, we outlined the levels we were focusing on and set up what turned out to be a relatively tight range on the fifteen-minute candlestick chart. We had a couple of equally tight targets, ready to take advantage of a move in either direction – long or short. As things matured, we got the opportunity to get in long on a bullish break of resistance. We entered, and a brief corrective retest aside, had a pretty clean run up to our target at 590 flat. Profit taken, and we are now net flat on the markets, with a fresh range to go at for this evening’s session. So, with this trade under our belts, let’s take a look at what we are going for for the coming Asian session, and beyond into early morning Europe. As ever, take a look at the chart below to get an idea of what’s on. The range in focus for tonight has been shifted up a little to accommodate the day’s action.

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