purpurato59
Short

Bulls not holding

OKCOIN:BTCUSD   Bitcoin / Dollar
After a first attempt to breakout on the triangle, bulls have not been holding their position and this two last days have shown that correction is not over yet. Is it maybe the beginning of a new long term trade ? I thought that we were heading north (see my related idea) but this two last days have been deceiving.

First target on the 420's and down to 400.
Stop on the 465's zone.
Trade active: We should be reaching the 420's soon, not more than a couple ofdays, otherwise... bears not holding.
This sideways will take us all out of business !
Trade closed: target reached: This was a nice setup and played nice. Actually it is the update idea "Dump cancelled" which turned wrong.
I have been observing that several of my bullish ideas finally are updated on the bear side, where the trade actually works. is this a signal for a longer term bear trend ?
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