Bitcoin Price Watch; Tightening the Range

So the day has drawn to a close out of Europe, and it’s time to put out the second of our twice daily bitcoin price watch analysis pieces. In this morning’s analysis we noted that action over the weekend (while initially promising) was pretty flat, and that this may continue into the early week trading session today. This is especially true when compared to the action see across last week’s latter half. So, let’s take a look at what happened today, and try to figure out how we can use this to influence our strategy heading forward into the US afternoon and, beyond that, into the Asian session this evening.

As ever, take a quick look at the chart before we get going, It’s a fifteen minute candlestick chart showing the last few days worth of action, and it’s got a fresh range overlaid to show this evening’s key levels.

Screen Shot 2016-06-20 at 16.48.04

Screen Shot 2016-06-20 at 16.48.04

So, was the chart shows, the levels we are focusing on for this evenings session are in term support to the downside at 740, and in term resistance

Read more ... source: TheBitcoinNews