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Title: [2016-05-03]Bitcoin Price Watch; Here’s What’s on this Morning Post by: Blawpaw on May 03, 2016, 08:24:54 PM Bitcoin Price Watch; Here’s What’s on this Morning
After yesterday’s steep decline in the bitcoin price, we got a period of drawn out consolidation thorughout Monday afternoon and early evening. The consolidation came about as a result of profit-taking on the short side, and likely, some counter positions being taken in anticipation of a long-term reversal. Action has now matured over night, so, as we head into a fresh European session on Tuesday, what are the levels that we are watching today, and where will we look to get in and out of the markets according to our intraday strategy? Take a quick look at the chart to get an idea of what we’re focusing on... read more (http://www.newsbtc.com/2016/05/03/bitcoin-price-watch-heres-whats-morning-2/) |