cerealpatterns

maybe this is an intermidiate bottom, and perhaps not

BITSTAMP:BTCUSD   Bitcoin
btcusd is in the throes of a love affair with a low dollar. since dxy has made its move, and inflation has peaked withthe news of a more hawkish monetary policy, a lower dollar means higher bitcoin. its convenient that the higher we go in major indices bitcoin seems to follow suit with even more bullish action. if this is atill a bear market for indices i would bet its still a bear market for bitcoin. if dxy goes higher ill sell btcusd and gbtc. if we get over this pivot im interested in upper horizontals as long as trama is rising and sss signal green/qqe long. it could follow the green path. if we stay below this pivot, and sss signal goes red/qqe short im interested in lower horizontals. it could follow the red path.

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