Silkman

Bitcoin Bump-and-Run Reversal Bottom

Long
Silkman Updated   
BITFINEX:BTCUSD   Bitcoin
Bump-and-run reversal bottom here in its run phase.
Price dropped off following the Lead-in Phase, moved into a narrow range, bump formed, rounded upward as price left the bowl and onto the uphill run with retest.
Final existing downtrend sitting at 30k. If the bump and run plays out perfectly, it will visit that level.


Comment:
What a run. Closing in on some big levels here.
Comment:
Above this fib is clean air to the downtrend at 32k
Comment:
Bullish channel. If we hold the 1.272 through the fud then we go up to upper fib and dt, lose it and its 23k massive buy
Comment:
Held and responded as expected
Comment:
These fibs are something else...
Comment:
Went right to the top, this has been an outstanding trade
Trade closed: target reached
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