BTC next move and how to trade it.

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Stochs on lower timeframes 1-4 hours all heading down. 12hr and daily still bullish . weekly bearish .

We just had an impulse wave off the support recently and now expecting greater retracement before another push up. Low TF oscillators heading down could be signalling an incoming dump however with the 12hr and daily having recently crossed up I'm expecting the dump to be bought up quick if it does happen. Should price head south 8000 should be a good area to buy however if wanting to be more cautious wait for a fresh bull divergence on the RSI on lower timeframes. Targets are based on fibs , trendlines and Moving averages.
Oct 03
Comment: Trade Active.Short Opened at 8373. Profit taking - 8270,8200. Target ~8k BTC
Oct 03
Trade active: Took profit from 8300-8210. Looking to add back to short at 8300. Currently in descending triangle.
Oct 03
Trade active: Short profit taken. Long Opened at 8080. Look to take Profits/open shorts at 8170-200. Adding to longs 7970-8080.
Oct 03
Trade active: Took profit on 8080 Longs and Flipped Short at 8180. Looking for more downside.
Oct 04
Comment: Reduced short position by 50%
Oct 04
Trade closed manually: Closed short for small profits. Price action uncertain.
Oct 10
Comment: Targets hit. Trade played out perfectly


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