ibankbitcoins

Bitcoin market update. Choppy market

HUOBI:BTCCNY   Bitcoin / Chinese Yuan
This is gonna be short. Bitcoin price on last Friday looked like a Head and Shoulder pattern (http://ibankbitcoins.com/btc/classic-inverse-head-and-shoulder-forming-huobi). I briefly mentioned that every forum and post on the internet community spotted it; which it didn't pan out.

We are in a consolidated pattern and the direction is unclear. Only a breakout above or below the trendlines will tell. However, with the recent down-trend, I am guess down? This is a wait and see type of days.I am still short from a few days ago.

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