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cerealtrades
Feb 19, 2022 11:33 AM

qqe is still short (btcusd) Short

Bitcoin / U.S. dollarBitstamp

Description

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

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stop loss 39786

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reshort if we cant break 399

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cover

Trade closed: target reached

long and short targets were hit

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hourly targets are 409 and 394 after that is 4188, 3879

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price action roughly in bearish triangle

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this is a historical technical trend

this is the current trend

there are similarities, but it could go either way still.

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i would cover again here

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4hr pattern looking like it should break soon

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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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