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Author Topic: [2016-04-06]Bitcoin Price Watch; Here’s What’s on Today  (Read 151 times)
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April 06, 2016, 11:26:51 PM

Bitcoin Price Watch; Here’s What’s on Today

In our discussions on the bitcoin price, and our trading of it, on Tuesday, we noted that the action we had seen across the last couple of days was pretty flat. In response, we said we would trade a very tight range in the hope of getting in on a breakout entry, and that we would go for some equally tight scalp targets on the positions we took.

Action yesterday afternoon put us long on a break of resistance at 422, and we targeted an upside of four dollars towards 426. We didn’t get the sustained run we had hoped for during the afternoon, and we remained long as we published the second of our twice daily bitcoin price watch pieces yesterday evening.

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