Bitcoin Price Watch; Pushing Forward Towards 600

The end of the week is the here, and it is time to take a look at the bitcoin price for the penultimate time this session. As far as the week just gone is concerned, we had some decent opportunities to get in and out of the markets according to our intraday strategy, and we’ve also been taken out of a couple of trades for a stop loss hit on some choppy momentum. We are heading into the final session for the week, and with any luck, we can maintain this position going into the weekend. So, let’s get to the details. Before we do, however, take a quick look at the chart below to get an idea of the levels in focus, and the range we are watching heading into early morning Europe on Friday. The chart is a five-minute candlestick chart showing the last 24 hours’ worth of action, and it has our range in focus overlaid.

Screen Shot 2016-08-12 at 11.53.19

Screen Shot 2016-08-12 at 11.53.19

As the chart shows, the range we are focusing on for this morning’s session is defined by in

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