Bitcoin Market Update 8/29/2014, retest previous lows.
Still in consolidation, I spotted a head and shoulder chart pattern yesterday and it broke down since. The target is 3065 on OKcoin or ~500-495 usd. I want to emphasize that all projections and patterns don't' work very well during times when volumes are low. tradingview.com/v/GcNNvAvj/
On tradeview chat, there has been big talks about big trade walls. When was the last time you made money speculating about bid/ask walls? Somebody wants to sell, manipulate, or whatever, who cares. Stick with your strategy whether its long or short, take out your notes and see why you took a position when you made the trade. Stick to your guns. Trend follower traders like myself don't make money unless the market moves. I sit patiently and wait.
Follow me on my bitcoin trading blog or live updates on twitter: ibankbitcoins.com ibankbitcoins
On tradeview chat, there has been big talks about big trade walls. When was the last time you made money speculating about bid/ask walls? Somebody wants to sell, manipulate, or whatever, who cares. Stick with your strategy whether its long or short, take out your notes and see why you took a position when you made the trade. Stick to your guns. Trend follower traders like myself don't make money unless the market moves. I sit patiently and wait.
Follow me on my bitcoin trading blog or live updates on twitter: ibankbitcoins.com ibankbitcoins
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