Bitcoin Price Watch; More Profit!

Here’s a look at what we are focusing on in the bitcoin price this evening.
Another day done, and another pretty interesting ride in the bitcoin price. This morning we noted that action overnight was erratic (just the way we like it!) and that we managed to get in for couple of nice quick turnaround positions on the volatility. We also noted that early morning action had flattened out a bit, and that this could be indicative of some winding action, and in turn, a precursor to some nice momentum volatility.
As things turned out, that’s exactly what we got. Price leveled out into lunchtime, before breaking to the upside and giving us a solid long entry signal. After that, we ran up to our predefined target (as per this morning’s key levels) and took out our take profit for a healthy win

This post was published at NewsBTC on October 26th, 2016.