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Bumpandrunreversalbottom

BTCUSD - Bulkowski BARR BottomDisclaimer: 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 chart updates. I have done a little bit of research on this pattern and feel the urge to share it with everyone. I am quite surprised how it follow exactly what they have outlined in the textbook. We're now in the Run-phase and expect BTC to first rise back to its previous all-time high. I have been in the crypto space for a few years but I never take technical analysis seriously because I don't think it is crypto is a pre-mature market and so volatile that we can apply an accurate TA. However, since the market has been playing with my emotions quite sometimes, I think I would be more responsible with myself to have proper lessons and plans so that I don't make irrational decisions such as buy at the top, sell at the bottom, chase green candles, etc. If you would like to learn more about TA, I would suggest checking out @imnotgoodatall, his work is very genuine, and you will learn more than just technical stuff. Good everyone and as always, happy trading!
BITSTAMP:BTCUSDLong
by ktrinh042
4
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
Long
by ssari
2
2021-02-16 ADAUSDT Bump and Run BottomADAUSDT 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 uptrusts have been previously rejected. Stop is placed under the lows of the trend re-test.
Long
by DoryFish
The bet is still LINK over ETH and BTCAs 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 (mostly you) still need to make sure we are not getting blown out when this thing retraces or consolidates with poorly timed or sized margined longs as you FOMO in over perceived missed gains. The main chart is what I am going to refer to in future as the Chainlink Pattern. Not that it isn't seen in a lot of assets but because it has been very useful here. It is basically like looking at a Bump and run bottom reversal but from a different angle. If you want to look at Bump and Run formations from the standard angle, look here: thepatternsite.com The chart explains itself mostly and the ideas are just applying fundamental charting to a specific pattern. There is a sharply rising trendline that is basically a ramp that price action gets a springing start to BASE jump. My linked (heh) ideas will show how I used the bollinger bands to find the bottom here and chose link over other top coins for my hodl and my margin trades. The main chart is on linketh, but we also see this fractal has begun to form on Linkbtc. I expect this will work much the same way as it has on ETH. My personal plan is to hold link and keep my link margin positions open as long as I can. I will be adding to my positions on any pull backs. This chart is a rough mock up but with something has historically bullish as link against btc and eth it has been historically a great idea to buy dips and hold. Most people have no business timing the market but Bollingerbands do help. The chart below shows link on the daily and linkbtc and linketh on the weekly. During links downtrend a lot of damage to price actoin occurs when price action of linketh and linkbtc is against the bollinger band lower limit is great time to buy or pivot holdings into chainlink. Sometimes the baseline of the bollinger bands against btc and eth provide support. There should be little to no denying that link continues to trend up. I would like to make some dramatic announcement that soon link will never return to these levels against BTC and ETH but we might have to reconsolidate and test this zone as support sometime in future. Hopefully we will retest the top of the zone as support and not some double bottom, but the market gives us as the market gives us.
Long
by This_Guhy
11
Silver Bump and Run Bottom QuickpostPlease 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 has a significant amount of hidden bullish divergence (price action setting a higher low but the indicator setting a lower low) which suggest the MACD will cross the signal line as we get continuation of the uptrend (a higher high) A review of Bulkowski always has a rundown of what happens in case of a throwback and so I refer you to him. This is a quickpost, after all. Please see my linked post on another BARR bottom. I really kick myself for not staying in this trade long enough. I am in AGQ and hope to play this to a higher high.
COMEX:SI1!Long
by This_Guhy
2
Potential Micro Bump and Run on SPXUSDNo 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 you don't want to do it recklessly then you would look to short at the performance of this BARR. So this post is good both for shorter looking for an entry or high adrenaline intra-day or swing traders. The BARR has a lead in structure in blue, which sets up the trend line we would need for the BARR. The bump is the move down, which creates the Bump Hight, which we use for target setting. The bump sets up the throwback to the Lead In Trend Trend Line and when that trend line is confirmed as support, we get the run. Full target setting can be found here:http://thepatternsite.com/barrb.html A quick look at targets are shown on the chart. The blue line on the chart is the 200w SMA and the purple is the 50W SMA formatted to fit on the hourly chart. I think we have a high chance of getting to or just above the 50W to before price action gets smacked down but right now that is me hoping for over-performance that may not occur. I am excited for a chance to get to play this 10% pump with all the tools at my disposal. If you are long or short this should be a helpful post. If there is no throw back there is no confirmation. If the lead in trend line does not act as support then there is no confirmation. Confirmation requires patience and maturity. I recently got whacked pretty hard on one of my trades not waiting for confirmation and even though I was up big for the day, week, and month that crap trade ruined the emotional effect of my trade because I knew I could have done better. Wait for confirmation if you looking for this BARR. Not financial advice, of course. But the best pattern can get busted.
FOREXCOM:SPX500
by This_Guhy
1