BTC Bump and Run Reversal Pattern When to go long? PLEASE L@@K
BTC looks like it is a strong candidate for a classic BARR pattern.
Also known as a Bump and Run Reversal Pattern.
By identifying the 2 start points of the Bump and of the Run we can come up with a fairly educated conclusion of where to go long on BTC .
A bump trendline where we reach roughly 27k-27300 a rejection in this area would confirm the theory as we wait to take out the swing low of 25k .
Trade idea moving forward
Long to 27-27300 then short to 23500-25k proceeded by a long that should take us back up to retest the previous high of 31800 and beyond possibly.
As always Practice Patience and never rush into trades without assessing your risks.
Come be part of the PIKandExmo Family.
Also known as a Bump and Run Reversal Pattern.
By identifying the 2 start points of the Bump and of the Run we can come up with a fairly educated conclusion of where to go long on BTC .
A bump trendline where we reach roughly 27k-27300 a rejection in this area would confirm the theory as we wait to take out the swing low of 25k .
Trade idea moving forward
Long to 27-27300 then short to 23500-25k proceeded by a long that should take us back up to retest the previous high of 31800 and beyond possibly.
As always Practice Patience and never rush into trades without assessing your risks.
Come be part of the PIKandExmo Family.