Bitcoin Market Update 8/28/2014

HUOBI:BTCCNY   Bitcoin / Chinese Yuan
44 0 0
Bitcoin Market Update:

Market was forming a topping pattern on the hourly that I pointed out on tradeview yesterday. Here:
Short term topping pattern on the 15min

Market is now experiencing downward pressure, but still in consolidation. Price action is choppy and volume is low. Look at the hourly chart from this week, this shit is not tradable. Its difficult if not impossible to profit from this random motion.

As a trader, I sit and wait for this to play out. I have learned that market doesn't always present opportunities and you can't make money day to day or week to week. If you guys like what I post here, please vote when you want the market update on this poll here: http://strawpoll.me/2442458

Follow me on my bitcoin trading blog or live updates on twitter: ibankbitcoins.com @ibankbitcoins
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