BitcoinShort
Bitcoin: BARR - Bump and run reversal (Bulkowski)
Lead-in: angle not too flat, not too steep - visual assessment okay (scale varies, ~25-50 degree angle for reference)
Bump: angle should be ~50% greater than lead-in angle
Bump validation: distance from bump line to highest high should be at least 2x the distance of lead-in line to highest high
Reversal: look for top patterns and descending peaks
Run: once lead-in line support is broken, large decline occurs - sometimes retested and support becomes resistance
Bump: angle should be ~50% greater than lead-in angle
Bump validation: distance from bump line to highest high should be at least 2x the distance of lead-in line to highest high
Reversal: look for top patterns and descending peaks
Run: once lead-in line support is broken, large decline occurs - sometimes retested and support becomes resistance
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.