Bitcoin Price Watch; Stop loss Hit, Moving on…

Here’s what we are looking to trade in today’s bitcoin price European evening session, and a look at how our trades fared today.
In this morning’s bitcoin price analysis, we noted that a triangle had formed mid range in our predefined parameters, and that we would look at using this triangle to enter long towards an upside target of 422 flat if – and when – it completed. We classed completion as the breaking of the triangle’s upper channel (also serving as in term resistance) and a subsequent close above this level. However, we also noted that we were already in a trade on the back of last night’s action, and that we would wait until this trade completed (i.e. a stop loss taken out or a target hit) before entering a fresh position. Things have now matured throughout the European morning, and we are about to head into both the UK close and the mid session break in the US.

This post was published at NewsBTC on 3:28 pm March 31, 201.