Bitcoin price update, head and shoulder on the 15min
Posted by ibankbitcoins on Wednesday, 24 February 2016BItcoin is forming a head and shoulder on the 15min.
inverse head and shoulder
Inverse head and shoulder on the 15min?
Posted by ibankbitcoins on Thursday, 18 September 2014Looks like a head and shoulder developing on the 15min chart. Short term bounce incoming?
Bitcoin Market Update 8/27/2014
Posted by ibankbitcoins on Wednesday, 27 August 2014We've retested the breakout line of head and shoulders and broke above the upper channel. Market rapidly sold off to lower levels. To argue for the bull's case, we need to hold above 510 or 3150; creating sort of a cup and handle type pattern for the next push up.
Classic inverse head and shoulder forming on Huobi
Posted by ibankbitcoins on Friday, 22 August 2014Head and shoulder is in development:However, it is kind of obvious. Trading forums like reddit and tradingview are commenting heavily on it. I think the likely hood of failing is high.
Bitcoin market update 8-21-2014
Posted by ibankbitcoins on Thursday, 21 August 2014Market has pulled back from yesterday's strong rally. We've consolidated over the last 24 hours, a really choppy market really, not much fun. Daily discussion comments dropped from 385 two days ago to 200 yesterday lol.
At this juncture, the bears now need to push price down, can the bears bring the price back down 485? Anything above 485 suggest we could be in a head and shoulder style reversal pattern. Disclosure, I am still short btc from 2 days ago.
Inverse Head and Shoulder on the Bitcoin 15min
Posted by ibankbitcoins on Thursday, 14 August 2014Inverse head & shoulder on the 15min, a breakout above is a retest of higher 3300 or 540-550 level. Bears and getting weaker and market has stablizing compared to yesterday's large sell-off.
6-17-2014, Confirmed inverse head and shoulder bitcoin chart pattern.
Posted by ibankbitcoins on Tuesday, 17 June 2014Confirmed Inverse Head and Shoulder on the hourly. Measured move target is 660 dollars/bitcoin. This is a highly reliable pattern when confirmed. Volume is a little low for the breakout. I would be concerned if volume doesn't pick up or if it fall back down below the trendline draw on chart. Otherwise, bullish pattern. Next post, I will be covering some of my past trades on bitfinex. Anyone know how to get a copy of your track record or history? Follow me on twitter.com/ibankbitcoins.
Short term, inverse head and shoulder on the hourly.
Posted by ibankbitcoins on Tuesday, 17 June 2014An ugly inverse head and shoulder appeared. It is ugly because there is a lot of choppy price actions. However, the most important point is that if we break above the trendline, it will be up. If not, we are stuck in this limbo state and imo bearish since we are in a short term down trend.
