So that’s it. Another week’s worth of bitcoin price trading gone, and one during which we saw plenty of unpredictable, yet perfectly tradable, price action unfold. As ever, however, the end of the traditional financial week far from means the end of our trading week. Bitcoin’s decentralized nature means we are able to trade over the weekend, and this – as many who have followed along with our analyses for a while will know – has opened us up to some opportunities to get into the most rewarding trades of the week. Bitcoin volume often increases over the weekend, as Asia takes stock of its individual holdings and consumer to business purchases drive volume flow, and this volume will often lead to sharp movements come Saturday night or Sunday morning. Additionally, the opening of the Asian work week (Sunday afternoon, evening out of the US, Europe) marks a return to the speculative positions, and can also drive some decent volatility.
So, with this in mind, and as we head into the final few hours of the financial week in Europe, here’s a look at what we are setting up to trade in the bitcoin price, and how we intend to take