ChartArt
Long

It's getting hot in here, so take off all your shorts

BITFINEX:BTCUSD   Bitcoin / Dollar
260 7 6
Accumulation distribution shows a bottom and OBV is also bullish overall. The uptrend was extremely in danger today, but now we seem to grind out of the bottom. The volume is back to support a breakout.

Trading idea:

Entry: 229-232
Stop Loss: 214
Exit: 298

// UPDATE: Thursday, April             30

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// UPDATE: Wednesday, May 27

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I'm not seeing this either??
https://www.tradingview.com/chart/2vsemWBx/
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rubenthin PRO rubenthin
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ChartArt rubenthin
A common mistake is to think that pattern always repeat. As soon as they repeat they become too efficient to predict so instead the patterns get broken.
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Seemingly very wise words sir, but this argument implies that EW must have become defunct quite some time ago...this pattern looks like it wants to COMplete, rather than REpeat :-)
That said, I AM using default indicator settings after all ;-)
I'm short as long as the downtrend is in tact...
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rubenthin PRO rubenthin
...so I'm watching your purple dotted line very closely :-)
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ChartArt rubenthin
I noticed which mistake I made. I was looking too much at Bitfinex volume data and forgot to check what the trends on Chinese exchanges are. It doesn't look as similar good there volume wise.
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You need to draw your channels out here have a look see why im bearish :)
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