Bitcoin Price Watch; Back to Breakout!
Yesterday afternoon, in the second of our twice daily bitcoin price watch pieces, we mixed things up a little bit. At time of writing we remained well within the range we had pre-slated as the one to watch for the morning session, and this gave us two choices. One, remain with that framework only (which, of course, wouldn’t have made for a particularly interesting evening’s worth of trading, or a particularly interesting analysis, for that matter); or bring a scalp strategy to the fore and trade both frameworks concurrently. We went with the latter option, and narrowed our timeframe right into the five-minute intraday candlestick. Our bitcoin price range was very narrow...
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