ibankbitcoins

Bitcoin price under pressure, at the edge of ascending trendline

OKCOIN:BTCCNY   Bitcoin / Chinese Yuan
Bitcoin has been consolidating for the for a few month now. Current price is hovering just above the long term supporting trendline drawn from the beginning of this rally. Bulls need to step up and push above 2800CNY/425 USD. Hovering at the trendline for a long period of time shows weakness. Monday open and ethereum trading at bitfinex are major news events. The first target will be the blue support line from mike hearn's day. Bitcoin and Ethereum is going to be interesting ahead of us. In trading, I have delicated 10% of my account to trading ETH. I have been making a few trades on twitter. Hopefully I can impliment the same trade/performance charts as my BTC trading on this site.

My BTC trade performance with time stamp: http://www.ibankbitcoins.com/bitcoin-trade-performance

I do live trades and bitcoin market analysis daily. Follow me on my bitcoin trading blog and twitter: http://www.ibankbitcoins.com @ibankbitcoins
That is not an ascending triangle.
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You gotta read again.
+2 Reply
Csys MirageOfBtc.
Oh, mea culpa! lol
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