FubarDays
Short

BTCUSD potential quick trade on bounce

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
92 0 1
We've fallen through the 4h cloud, and I'm staying short, but I would be very cautious about entering a new position here -- the last good signal to enter was around 238. For the next couple of hours I don't see a clear direction, but if we keep going down I see a potential opportunity to bounce off the daily Kijunsen at 227, back up possibly as high as 235 (bottom of the 4h cloud) before continue down again. I would be very cautious with this bounce and set those stops! Unless we see another strong entry opportunity to go short, I plan to go long at 219 (approx 8% away from last good short entry signal).
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