In this morning’s bitcoin pricewatch article, we noted that – as a result of the recent selloff – we would be wary heading into today’s action. The bitcoin price collapsed last night, likely not as the result of any underlying fundamental pressure but simply on the back of individual speculators taking profits at weekly highs. Regardless of the reason, however, we were uncertain how long the selloff would last. Whether the correction seen earlier this afternoon was just a gap-filler, or whether it was indeed a longer term correction was the primary question. Whichever way the bitcoin price went, however, we were ready to respond using the key levels outlined as part of our intraday breakout strategy. As we head into tonight’s Asian session, however, what are the levels we are looking at in tonight’s bitcoin price market, and where will we look to trade on any volatility? As always, grab a glance at the chart below to get an idea of our focus range.
http://www.newsbtc.com/2015/12/16/bitcoin-price-choppy-live-trade-on/
