Bitcoin Price Watch; Today’s Scalp Strategy

Here’s a look at what we are focusing on in the bitcoin price this morning.
We are heading in to the close of the week, and it’s time to take a penultimate look at the bitcoin price. Things have been pretty volatile for the last few days, and we’ve had the opportunity to get in and out of the markets on a number of occasions. We got another opportunity overnight, as price broke through the level we had slated as in term resistance and quickly ran up through to our target. We entered on the close above resistance, as per the rules of our intraday breakout strategy, and managed to get out for a nice gain on the take profit.
Having reached overnight highs of around 665 (a level we are going to come back to shortly) price corrected a little and, since then, has traded pretty much sideways into the start of the European session (with a slight downside bias).

This post was published at NewsBTC on July 15, 2016.