Bitcoin Price Watch; Scalp Trades For Today

Here’s a look at what we are focusing on in the bitcoin price this morning.
It’s Tuesday morning, and time to take the first of our twice daily looks at the bitcoin price. Yesterday we got chopped out on a false breakout, but overnight we managed to draw a small profit from the markets on a scalp trade on the short side. Today we are going to attempt to replicate our overnight success with a similar strategy. Specifically, outline a relatively tight range and look to get in on a short term scalp trade if price closes outside of the range, with a position in line with the direction of the break. Often we’ll witter on a bit here about previous action, but today, let’s get right down to it.

This post was published at NewsBTC