Bitcoin Price Watch; Weekend Volatility!
Here’s a look at what we are focusing on in the bitcoin price this morning.
Here we go then. Another week’s worth of trading under our belt in the bitcoin price, and a fresh week ahead of us. At the end of last week, we set up against some slightly wider than normal weekend action. We looked at the hourly charts as opposed to the minute charts, and put a framework in place that was designed to take advantage of any longer-term weekend volatility – that is, something slightly outside of the traditional intraday momentum. As things turned out, this strategy worked pretty well. Action over the weekend was nice and volatile, and we saw price from fresh highs, before breaking to overnight lows on Sunday, and bringing us into some pretty solid sideways action early morning on Monday. The question is now, how can we use this action to set up against today’s price? To get the answer, take a look at the image below. It is a five-minute candlestick chart, and it illustrates last night’s action as well as our range for today.
This post was published at NewsBTC on 9:39 am October 24, 201.