ChartArt

Short-term trading idea

OKCOIN:BTCCNY   Bitcoin / Chinese Yuan
182 1 3
I expect a short drop into support and then a strong pullback upwards, confirming the uptrend and leading finally to a bullish breakout.

// UPDATE... well there was a very evil fake out move down on OKCoin (hardly visible here, was better so see on 1-minute charts) to load up moooar cheap coins.... and I fell for it. Price reversed up immediately in the same hour it seemed to correct straight down like a waterfall, but instead squeezed out a lot of shorts only minutes later.

// UPDATE 2... right now it looks like this setup might still play out and work after all


// UPDATE 3 ... well at least I achieved perfect inverse symmetry, lol


// UPDATE 4 ... lol, back down in my box

that was magic! nice setup.
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