ibankbitcoins

ibankbitcoins

Measured move target is 24000 BTCCNY, went long at 18555ish. follow me on twitter/blog for live trade updates and analysis

ibankbitcoins

follow me on twitter/blog for live updates.

ibankbitcoins

Retesting ascending support is likely. Bitcoins recovering which puts additional pressure on ETHBTC pair. Follow me on twitter my blog.

ibankbitcoins Updated 

Short term bullflag breakout. Above 1070 to confirm.

ibankbitcoins Updated 

I have been flip flopping between long and short during this consolidation no able to make a profit but many breakeven trades. Long BTC 583.5, Major trend line break. Buying on strength. twitter.com

ibankbitcoins

Bullish if ethereum price stay above trendline with volume. A little early to tell. @ibankbitcoins ibankbitcoins.com

ibankbitcoins

twitter.com

ibankbitcoins

A short update on ethereum prices. Ethereum price has dropped by a good margin and people are plenty bullish. Look at the price action now. Does it look like a bottom? It kind of does with a massive support around 0.023, previous lows. Is there much panic selling? Some, but still low volume. However, the difference is that we are drifting down to these levels...

ibankbitcoins

I almost feel I dodged a bullet just now closing my short at near the low of the trading range. You can find my last trade with timestamp here: ibankbitcoins.com I think if we have more follow through. IE consolidation and push to higher high, we will retest the previous range at 0.028 or so. Head and shoulder you said? I wouldn't be convinced unless price...

ibankbitcoins

A break of this long term trendline is a direct push down to 0.023 and subsequently low 0.02. And in truth, still a reasonable pullback after a massive push higher for the last 3 month. I post live trades on twitter and my blog, follow me and my time-stamped trade performance at ibankbitcoins.com @ibankbitcoins

ibankbitcoins

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...

ibankbitcoins

My BTC trade performance with time stamp: www.ibankbitcoins.com I do live trades and bitcoin market analysis daily. Follow me on my bitcoin trading blog and twitter: www.ibankbitcoins.com @ibankbitcoins

ibankbitcoins

My BTC trade performance with time stamp: www.ibankbitcoins.com I do live trades and bitcoin market analysis daily. Follow me on my bitcoin trading blog and twitter: www.ibankbitcoins.com @ibankbitcoins

ibankbitcoins Updated 

I will first go over the technical analysis and charting first, then discuss my projections for the upcoming short term and intermediate term projections. Let’s take a look at the chart below. Note, the support/resistance lines were drawn a while back and some still holds true today. Bitcoin price has recently broken down from the steepest trendline with multiple...

ibankbitcoins Updated 

My BTC weekly update: TA wise, I am actually slightly bearish short term because of the following reasons: 1. Largest bar on a short term uptrend three days ago. Possible last exhaustive push. We have been up for 4 weeks straight now. 2. We made new highs for a brief moment before pulling back, a new high above 248 would be a continuation of the uptrend. We are...

ibankbitcoins

A lot of uncertainty around the forums. I've witnessed this a few times, including previously when we were at 220 for a few month. Sentiment were similar, low open interest, low usd/btc swap numbers. The truth is that people are too damn scared to go back in for a long. Leveraged longs have been burned multiple times between the 300-200 range. I've traded since...

ibankbitcoins

A clear bear flag is now formed on the 15min, Bitfinex has already tested new low on the daily. Due to currency differences between USD and CNY, chinese exchange hasn't retested 1600. A break down below here is very bearish for bitcoin. I do live trades and bitcoin market analysis daily. Follow me on my bitcoin trading blog and twitter: www.ibankbitcoins.com,...

ibankbitcoins

Looking at the chart below, we are well within the channel between 220-310. This is a huge price channel, the bulls and bears can't decide which way it should go. After the spike to 315 from two weeks ago, volume has diminished in recent weeks. Looking at BFX swap data, USD margin is at 30million while BTC swaps are at very low ~9000BTC. Longs are aggressive while...