Well, we went into the weekend expecting a considerable amount of volatility, and unfortunately, have come out of it pretty disappointed. The reward halving promised to polarize sentiment, and to some extent it did, but this hasn’t really translated to any real price movements – at least, that is, nothing sustained. Price is down a little bit on the end of last week, and we may see some action today if volume picks up (main stream media out of the US will likely cover the halving and – in turn – draw some speculative attention to the space). Whatever happens, we are going to set up against price as per the rules of our standard intraday strategy. This way, we are able to draw a quick profit from a scalp position if price moves a bit, and also get in on the right side of any sustained movements if we do get any volume driven action.
http://www.newsbtc.com/2016/07/11/bitcoin-price-watch-fresh-week/
Topic: [2016-07-11]Bitcoin Price Watch; A Fresh Week! (Read 230 times)
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