cerealtrades

qqe is still short (btcusd)

Short
cerealtrades Updated   
BITSTAMP:BTCUSD   Bitcoin
qqe is moving on with another short entry on bitcoin vs the dollar. if dxy opens hot to the upside there will be a completion of a bearflag. were right around the .382 of extention so if we bounce it could mean continued upside on the lower timeframes.
39516 and 40333 are targets
Comment:
could cover in low 396s
Comment:
stop loss 39786
Comment:
reshort if we cant break 399
Comment:
cover
Trade closed: target reached:
long and short targets were hit
Comment:
hourly targets are 409 and 394 after that is 4188, 3879
Comment:
price action roughly in bearish triangle
Comment:
this is a historical technical trend
this is the current trend
there are similarities, but it could go either way still.
Comment:
i would cover again here
Comment:
4hr pattern looking like it should break soon
Comment:
coming to the tip of the range
if we break bear looking for something like 38228.5
if we do something more bullish looking for about 38448
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