The middle of the week is almost upon us, and things haven’t gone great so far. We’re not down on the markets or anything – we’re actually a little bit up on our Monday balance – but things have been incredibly dull.
When we get action like this, all we can really do is sit and wait, maybe dabble with an attempt at a fundamental bias for a bit of variety. The thing is, you only really realize it when you pull out of the intraday charts a little, but despite everything that’s going on as part of the underlying framework in the bitcoin space, its flagship – price – is not really up to much. Take a look at the dailies, and you’ll basically see no action of note before the beginning of September. Sure, price spiked down mid to late month, but it recovered, and 600 ± 10 seems to be an inescapable range right now.
So, here’s what we are going to do.
We’re going to mix things up a bit. Yes, I realize we said we need to maintain our strategy rules, and we will be doing – long on a close above support, short on a close