Bitcoin Price Watch; Decline, Reversal On The Cards?

Here’s a look at what we are focusing on in the bitcoin price this evening.
We’re big advocates of bitcoin (I guess that goes without saying) and so when price moves as part of a steep decline, it hurts a little. We’ve all got holdings, and these holdings take a hit when the bitcoin price dips.
That said, when you trade intraday as we do, a decline is neither positive nor negative, it’s just volatility. We like volatility, and we can take advantage of it if we set up right. In this instance, we set up right, and despite price collapsing fro the high 700s to where it currently sits (somewhere in the region of $715) we’ve managed to come out of the day with a net profit.

This post was published at NewsBTC on November 3rd, 2016.