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Barrbottom

BTC & ETH still showing bullish signs, Learning the BARR Bottom The BARR Bottom is one of the most reliable Chart Patterns out there and signifies a fast moving reversal after a strong sell off. The price has a small lead in phase referred to as the "bump" then a strong sell off, which leads into a almost hook shaped or J shaped reversal upwards, the price should create a downwards sloping angle of 30-50 degrees, this pattern usually precedes fast moving bullish trends, and the mirror of the pattern the Bump & Run Top (BARR TOP) usually precedes fast moving bear trends. The appearance of this pattern gives us a sign that there is strong buying momentum • The “bump” (first phase) is usually rounded or choppy in appearance • Look for extreme downwards movement followed by sharp retrace (”run”) • Usually at a steep angle with huge volume • Almost exact in appearance of the image provided Until we get a confirmed close underneath the support below, it is probable that Bitcoin & Ethereum both push towards the top of the Structure for a potential breakout. More Examples are linked below and here: If you enjoy the content, you can support us by liking and commenting with your thoughts, thank you traders!
Long
by Worth_The_Ri5k
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