ETH.Usdt (Y22.P1.E4).2 Strategies trade approachHi All,
#ETH #ETHEREUM
The rejection was at the 618 level, typical for a lead in trend line and the prior price action aligns with 2 macro strategies.
a) Bump and Run
b) Wyckoff accumulation
Combining these 2 is not as one looks for the bottom and the other looks for a confirmation of a bull run.
For now, I'm looking for Wyckoff accumulation schematic to find the bottom and I believe the ST in phase B is taking place and it will be 1 of 4 potential formations then after. Note the wedge and if it breaks out of that key level, short.
FYI, I'm shorting since we dropped the EMA.
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All the best,
S.SAri
The only issue I have to remain bullish is the cross over of the EMAs
approaching the weekly 50 EMA should expect a bounce.
Bumpandrun
BTC BARR FORMATION BTC at the 4H After a month of sideways support broke down in early January. and support has been found around $41250.
what struck me was the BARR (Bump & Run Reversal) formation and is therefore the pattern that continues for now.
I expect that the lead-in line will be a target where the bulls will have to prove themselves to gain ground there to be able to continue up with 2 price targets one based on the start of the Lead-in and the other on the RUN or the outbreak based on the reflection of the longest distance. If the bulls get rejected, it could just be that the bears will prepare another attack to test the $41250.
Keep calm, trade safe and manage your risk.
*(Disclaimer: This is not financial advice)*
BTC bump and runbump and run information.
supply zone
for the short term, I'm bearish except the market FOMO can change or at least make it hard for selling ...
you can check all my previous analyses to meet the exact pinpoint.
do follow for more BTC technical analysis from thousand angles to see in future
HAPPY TRADE
Potential Micro Bump and Run Bottom on DASHThis will be a quick post and if you want to read the textbook page on entry on BARR Bottoms it will be in the link at the bottom of the post. Key point, this is a very micro structure as on the daily time frame they are suppse to take about 35 days. In general, the lower time frame the lower the reliability.
I am already levered into DASH in a x3 and a 10x trade so I will not be using this trade looking for Entries... I will be using this trade for stop/trade management of my 10x trade. The low established a few hours ago should hold and when there is a break out I will be looking to put my stop losses under that in case it fizzles. If the action is weak at the break out I will look to close in the red zone. If we get to the full Hight I will probably be letting the trade ride and zoom my stops out again. The linked Idea is on a proper BARR on BTCUSD last bear market.
thepatternsite.com
PLG to $14 in Nov to gain over 4x? Accumulation Cylinder Hello.
I have been watching PLG for sometime now and it seems we have reached a possibly strong inflection point.
We have a double back test from previous resistance.
One long term finding support from previous bottom resistance
Another short term indicating another possible reversal.
RSI is showing momentum is about to break the current downward trend
Current correction is testing the lower edge of the channel.
Estimating that around November 12 we will see PLG at around $14 for a +4x gain.
Using Gann Fan and Jesse Livermore Accumulation Cylinder from previous bump and run
This chart is full of good historic data showing strong potential for quick gains
ETH AND ALL MAJOR ALTS COMPLETING BTC BUMP N RUN BOTTOM DEC 2018All major altcoins seem to be putting in the same bump and run bottoming pattern we saw BTC complete in late 2018/early 2019.
I have been following this because it sparked my memory from 2018.
Seems to be right on track, if so we can expect a breakout to the upside shortly, with a return to previous alt highs by end of July.
- CA$HLESS
XRP AND ALL MAJOR ALTS COMPLETING BTC BUMP N RUN BOTTOM DEC 2018 All major altcoins seem to be putting in the same bump and run bottoming pattern we saw BTC complete in late 2018/early 2019.
I have been following this because it sparked my memory from 2018.
Seems to be right on track, if so we can expect a breakout to the upside shortly, with a return to previous alt highs by end of July.
TRX Tron - Breakout Swing Upwards - ConfluenceTRX Tron is showing confluence for an upside swing to hit 0.175. It has just broken out to the upside after a bump and run, a three drives reversal, within a descending triangle.
An additional confluence point to take notice: It has also hit the Fibonacci Golden Pocket retracement level.
Overall market structure looks bullish.
BTC (Y21.P2.Video11).Price Action HypothesisHi 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 best,
S.SAri
A similar fractal to what we have.
s3.tradingview.com
s3.tradingview.com
Another scenario - bump & run pattern Firstly idea spotted by @_Crypto_Maniac_ - im just adding some more details with below explanation for learning purposes
Bullish Bump and Run
The bullish bump and run is the same setup of the bearish pattern, just on the opposite side of the trade.
The bullish bump and run pattern starts with a standard bearish trend. Suddenly, a relatively big bearish trend impulse appears on the chart – the bump. After new lows are reached, the price action reverses, reaches the bearish trend line and breaks it upwards to start a fresh bullish move – the run.
5 Tips to Confirm a Bump and Run Chart Pattern
The structure of the bump and run pattern is very specific. Therefore, you should carefully examine the chart pattern before placing a trade.
1) Angle of the General Trend
First, you need to identify a trending stock. The inclination of the pattern should be anywhere between 30 and 45 degrees on the chart.
2) Angle of the Bump
The bump on the chart should definitely be steeper. After all, it is a trend impulse, right? The valid bump would have an inclination anywhere between 45 and 60 degrees on the chart.
3) Trading Volumes
Volumes are crucial for the validity of the bump and run formation. During the preceding trend, the volumes are usually low. Then the bump appears on the chart and volumes will tend to spike higher.
This helps the stock accelerate higher, creating the actual bump on the chart.
4) Bump and Run Pattern Sizes
Another crucial aspect of the bump and run structure is the size of the bump compared to the previous impulses.
EURUSD Sell after trendline breakBearish to approximately 1.1780. This trade set up is similar to a bump and run reversal, with the exception that the trend line angles are not exactly a prescribed with a bump and run, but the factors that make up the bump and run are still applicable. Expect price to fall to the lead in trendline that also lines up with a respected support zone.
Confluences: trend line break with retest on a lower time frame, bearish pin bar at the reversal point on both the daily and 4 hour charts.
REN.BTC (Y21.P1.E1).Macro.TAHi All,
Looking from bullish perspective in the coming weeks and months, we can stipulate price action as long as some conditions are met.
These stipulations or assumptions have to be confirmed along the way, otherwise this "THESIS" is only that.
Having said that, lets move on.
Have you heard of the bump and run strategy, if you havn't, then you wont understand this chart the way you should so do yourself a favor and learn it.
Why, its bloody all over the crypto charts if you know it and understand, even better, you can add it to your strategy.
So I have stipulated that the current area is sitting below this trend line as its major resistance.
I have nothing to confirm this yet, but as time goes by, we will see it confirmed on the daily and then the lower time frames.
If this is the case, and price breaks this trend line, then that is the biggest obstacle and hence a tick on the check list.
We also see the fib levels and resistances in confluence.
If price breaks both the horizontal resistance and the sloping resistance line, gets tested, knowing we confirmed later on its resistance, then we would expect it to be tested.
Depending on the time frame and formation of the price action, we should have a green light or not to enter.
This is the spot I will be watching hopefull, not distractted by other charts.
From time to time I will update this post with charts and some quick notes.
For now, its watching and stalking.
All the best,
S.SAri