Bitcoin Price Watch; Volatility For The Weekend

Here’s a look at what we are focusing on in the bitcoin price this evening.
In this morning’s analysis, we stated that we hoped for a bit of action during today’s session so we could get on short term volatility. We returned to our standard horizontal breakout strategy (as opposed to sticking with our technical pattern plays that we dabbled with on Wednesday and Thursday) and set up to get in on a break of support or resistance with a relatively tight target on each. We did manage to get into a long entry earlier on, but this quickly reversed and took out our stop loss on the position.

This post was published at NewsBTC on 5:51 pm August 5, 201.