China has broken out of the current structure. We are going up. I am playing this move with LTC instead of BTC because the LTC/BTC pair is currently very very very low.
China has not broken up yet. Bitfinex prices have risen to equal Chinese prices. Waiting for more information.
If the triangle holds, look for a short term long from $400-435.
All bets are off. I will not be making any short term trades to the upside of the triangle like I wanted to.
Close shorts and remain neutral for a few days.
I am short currently and really hope this triangle breaks to the downside. If it holds, I will probably close shorts and wait it out. The triangle will break, and I will jump back in.
Short term bullish. Medium bearish.