Descending wedge inside of a larger bear flag.

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hey guys hows it going, just here to give my thoughts on the market. Currently we have broken out of a descending wedge pattern. clearly turned out to be a bear trap/ long squeeze. BTC atm has followed litecoin and eth because once they had broken bitcoin began breaking out or vice verse. We need to see price action above 3850 and to hold above there on the daily in order to remain bullish . My target is still sub $3000 levels so my first short will be entered at or around 4200 followed by 4700 and 5600.