It is Tuesday morning, and the European markets are about to kick off for the day. As usual, head of the markets, here is a look at how the bitcoin price is open, and how we are going to use this movement to create a strategy for today’s session. First, then, let’s have a quick look at overnight action.
The first thing worth noting is that we finally saw some upside momentum in price last night. For the past couple of months, Christ has pretty much stayed constrained within a tight range of between the very high 500s and the very low 600s. This has limited our trading opportunities somewhat, and has been a little bit frustrating for an intraday perspective. Last night, however, we got a sharp upside move, and price has moved to its highest levels of the quarter so far. We are going to use this break to outline our key levels going forward into this morning’s session, and likely beyond, if we get a period of consolidation.
So, with that in mind, take a look at the chart below to get an idea of where we are looking to get in and out of the markets on any