BTCUSD This pattern confirms as a valid one if the price closes above the resistance line.
Directional Bias: Bullish Pattern Type: Non-Directional This pattern is comprised of three phases and looks a bit simular to a frying pan. There is the Lead-in Phase, the Bump Phase and the Uphill Run. The lead-in phase is the handle of the frying pan before a larger decline. Following the decline, The bump phase forms as the price forms a flat or rounded bottom....
$TOMOUSDT both usdt ad btc pair looking juicy as F....Just a matter of time i think in very near expect tomo to blast off some serious firewoks expected
We probably left the accumulation zone. This is how a formation called "Bump & Run Reversal Bottom" was formed. The valid level is around 48,000. Below this level, it may break out of this formation. The 46,000 line is the most important - it supports the entire uptrend. 52,000 is a strong resistance, so at 52-53k there should be a consolidation. At the 53,500...
MKR Is doing remarkably well and has been in uptrend against BTC since early November. Had a nice bounce from Weekly Demand. Need to flip this trendline for a reversal.
Disclaimer: I am in the process of learning technical analysis and please feel free to point out flaws that I have with my chart. This is based on my personal observation and is not financial advice. Thank you so much for reading this. I would like to give a credit to my mentor @imnotgoodatall for suggesting everyone look at this pattern in one of his recent...
We could see a bump and run phase play out. www.finvids.com
Hi All, I believe this current structure falls well into a strategy model that I'm very familiar with and so far its ticking the boxes. If you want a fractal or reference to this structure, then here is one. The video does the explanation on key points. As for the strategy, that for you to find out from the clues I have given. Even on the tags. All the...
ADAUSDT has been forming a Wychoff distribution pattern, this resulted in a bearish push lower, but price has been snapped up. The recovery has resulted in the price action "jumping the creek" of the downtrend and is starting to form up as a bump and run bottom on the 1h timeframe. Target for this play is the top of the previous trading range, where the Wychoff...
LINK / BITCOIN This pattern confirms as a valid one when the price closes above the resistance line.
As my brother said it, Link is a honeybadger right now that don't give a rip about fud, about other coins, about bear raids. Chainlink is just going to wreck everything and so you might be worried about being late to the party. I don't think you could be late because this still has decades of gains to put up. As is continues to emasculate all other coins we...
$WWR touched its lead-in line this afternoon to end its downhill phase. The buy-in zone is to the right of the purple trend line and above the red lead-in line
Please review Bulkowski's site for the full write up of a Bump and Run Reversal Bottom thepatternsite.com Our lead in is a little short, being from Sept 1 to Sept 18, being about half the time of the 35 day average. Bulkowski does say the lead in can vary widely and I have even seen this on micro timeframes. Very promisingly is this three day MACD set up, which...
BTC - Bulkowski's Bump-and-Run Reversal Bottoms
BTC - Bulkowski's Bump-and-Run Reversal Bottoms
No doubt 10% is a great performance on the day but given the fear and uncertainty we can expect some giveback. I am a mega bear in the long run but right now there is a chance for a Bump and run reversal bottom on a very small timeframe. If you have the risk tolerance and a good strategy you could play this formation. If you are looking to add to your short but...