Bitcoin Price Watch; The Evening Ahead

The European session is about to draw to a close, and it has been another eventful day in the bitcoin price. In this morning’s analysis, we noted that action over the last few days had given us plenty to discuss – specifically, the run up towards fresh highs and the subsequent sideways action that we have been trading now for 48 hours or so. As we head into the close of the European session, and into the US afternoon and Asian session beyond that, what are the levels that we are watching in the bitcoin price, and where will we look to get in and out of the markets if action gives us anything to trade? As ever, take a quick look at the chart below to get an idea of what we are watching.

The chart is a 15-minute candlestick chart showing the last 48 hours’ worth of action, with our key levels highlighted in green

Screen Shot 2016-05-31 at 16.39.03

Screen Shot 2016-05-31 at 16.39.03

As the chart shows, action during today’s session has seen price decline, and we’re now looking at a range defined by

Read more ... source: NewsBTC USA