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Author Topic: [2016-05-17]Bitcoin Price Watch; Today’s Scalp Focus  (Read 176 times)
Blawpaw
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May 18, 2016, 08:32:37 PM
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Bitcoin Price Watch; Today’s Scalp Focus

Over the last couple of days, action in the bitcoin price has been relatively flat. We have seen the odd bit of choppy momentum here and there, but nothing sustainable, and this has made it difficult for us to get in and out the markets and draw profits according to our standard intraday breakout strategy. With this in mind, and as we head into the fresh days trading in Europe on Wednesday, we’re going to shuffle things around a bit. Specifically, we’re going to tighten in our intraday range, and use what amounts to a few dollars worth of spread to scalp the markets.  First up, and to get an idea of the levels where focusing on initially, take a look at the chart below. It’s an intraday, 15-minute time frame candlestick chart showing action across the last 24 hours or so...

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