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Bumpandrun

EURCAD Weekly Forcast. extend the y axes...you need to extend the chart on the Y axes, before the degree lines make sense...... Dont know why it destroyed my drawings.. Entry short: now SL just above the double top A more optimal short entry will be when the price breaks the support line it made a run from. Description: The Pair have formed a Bump and run formation. The uptrend started around 60 days back. The lead in height have climbed steady, and have reached a 45-degree angle, before the 65-degree bump. At the same time the bump level have hit a resistance area from previously prices, and the price have made a double top. Therefore a extra confirmation for the run reversal top. The sell signal will be now, and a tight stop loss above the double top, in case of the prices falls signal. A more optimal short entry will be when the price will break the support line, which the price made a run from.
Short
by Fx-AlphaStrats
2
BTC, officially in the run phase.The triangle pattern in last week's chart played out perfectly, hitting the targets derived from measuring the triangle and nearest support levels. This most recent leg down also put Bitcoin in the run phase of a bump n' run pattern. We "might" be at the end of this correction but I wound't bet on it just yet....prices still have some serious downward momentum and could easily go lower still, though I suspect we'll see prices recover a bit first.
COINBASE:BTCUSDShort
by w_h_indicators
Bitcoin - All Your Spidey Senses Should be TinglingMake no mistake about it. We lie amidst the first wave of calamity. Amidst calamity, it is never so easy to see what is going on, or where things are going to go. If it were, it would neither count as calamity, nor would it be the case that most traders lose money in the market. It would also mean there was no money to be made in the market, and we wouldn't be here doing this. In one of my previous posts, which I've included, I warned of a risk of a Bump and Run Reversal where one has to be extremely careful at 5.9k to 6.1k. I also said that the pattern can play out in a failed run to 6.1-6.3k. So far, it would seem the read has played out well. What is a Bump and Run Reversal? d.stockcharts.com Forget all the lines on that as it came from merely a Google search, but a pattern where we bump here to $6,300 and then are nuked is looking very likely at the moment. Why am I warning of this? Because alarm bells should be ringing in your head. Why? Because at the same time that the price fell to a key support line, Bitfinex Tweeted that they'll be offering a Chain Split Token (futures) for Bitcoin Gold: twitter.com Why does that matter? Because with Bittrex and Finex, who are crediting the tokens but not providing a market, you have to have Bitcoin in your wallet at the time of the snapshot to be credited Bitcoin Gold. Do you see the idea? So, what is going to happen in the next 12 hours before the snapshot? Is the price going to go to Goblin Town so everyone can buy Bitcoin cheap to get their "free money"? It is the perfect storm to bring the markets to a $6,300 ATH, and as it stands now, take a look. We are entering all of the key trendlines and breakout points and indicators show reversal. Take a look at IOTA, OmiseGO, and Ethereum and you'll see a similar pattern play out at the tops of their ATHs. In trading, the most important thing is not not missing out on opportunities. Opporunities are there every single day in crypto. What's most important is protecting your money. Where we are right now is designed fundamentally to take your money away from you. It's a zero-sum game. Enlighten to it.
BITMEX:BTCUSD.P
by RiversAndMountains
6
Deka MDAX reversalMultiple indicators show a potential for a reversal or at least a retracement: - a rally started around February 2016, that broke resistance in December to continue with a bump (see the slope of the purple lines). This could be a typical "Bump and run" pattern - second top of a double top forming now, could confirm the reversal - Stochastic RSI 20 days moving average moved below 50, hinting a future trend change The bump, the double top and the StochRSI moving average all signal a trend revarsal. Plus, there hasn't been a real retracement since the all time high that was reached after the rally started. In case the trend identified by the Lead-in line is broken, the reversal could be confirmed, with new support at 234. Definitely not a good time to buy, but still a strong uptred is signaled by the Ichimoku cloud. This could end up simply in a retracement to 221 (61.8 fibonacci), also a potential entry point. Keep the eyes open.
XETR:ELF1Short
by sirnicolaz