Bitcoin Price Watch; Tightening Things Up

So, we are a little into the Europeans session on Wednesday, and it’s been an interesting week so far. Things have been up and down, and we’ve been chopped out a couple of times, but we’ve also managed to get in and out according to our intraday strategy for some nice wins.

Midway through the week is where we start to look towards the close of play, and see how our net position is looking likely to play out. Things look ok right now for a weekly net gain, so we are going to go for a real tight range on the session and see if we can’t scalp a couple of tight profits this afternoon and bring us a little bit closer to a positive bottom line end of week. So, with that said, let’s take a look at our key levels, and define some entry and exit points for our positions.

Before we get into the detail, take a look at the chart below to get an idea of the range. We’ve got the bid ask lines (highlighted as buy and sell on the chart) in view, so as to illustrate the necessity for our risk/reward placement and to justify

Read more ... source: TheBitcoinNews