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Bumpandrun

BTCUSD: 2019 Repeating 2018 Bump and Run Bottom?BTCUSD: 2019 Repeating 2018 Bump and Run Bottom? - Bump and Run is the #1 most bullish chart pattern Per Bulkowski (thepatternsite.com) - To identify a Bump and Run, look for a frying pan base with a downward sloping line with a rapid drop then leveling out with a rotated turn. - "The bump height, as measured from the trend line to the lowest low, should be at least twice the lead-in height. Strict adherence to this rule is not required, but it serves as a good general guideline." - Lead In Height = 13500-9800 = 3700 - Bump Height = 12641-9175 = 3466 - This is our current situation, so it could lead to a throwback (maximum throwback level designated on the chart). This could form a second bump before breaking out to the measured target of top level of the lead in at ~13.8k and likely new all time highs after that.
BITSTAMP:BTCUSDLong
by corn_trader
#xbtusd #bitcoin $btc - #pivot #risingbroadeningwedgeFollowing up the lately 3D targetting for BTC, the only thing that changed, a former resistance turns now support. Anything else stays as it is until our trading range is broken OR the new month starts and provides us new target structures regarding Pivot Points. The bearish broadening wedge, the possible Bump´nRun and the Leadline did not move nor been touched. BTC is in a rally, that will find correcture. Answering the question when is rather off the plate, simply cause we can´t know when greed is satisfied the first time. Remember you have to react to price action, and not force yourself into trades you WANT to happen. That´s a safe way to get #rekt. Make plans. React. Set Stops. Trail Stops. Make new plans on trigger. Behave like the market does. *Always set stops. Dyor. No financial advice. ____________________________________________________________________________________________ BitMEX Ref-Link for 10% Fee Discount the first 6 months: www.bitmex.com
BITMEX:BTCUSD.P
by Gl4diator
#xbtusd #bitcoin $btc - #bumpnrun #broadeningwedge 3DThis is a wild ride. Bitcoin has almost touched $11k and the next obvious Target is around $11.5k where a local high from 2018 and R2 monthly meet and greet. Looking at this I´d like to update on of my charts that you find attached. If this ride goes on it would not be surprising, that at one point we will head to the Leadline and produce a Bump´nRun. When this is and how low we will go solely depends on how high we will rise in the first place. Also the bearish broadening wedge is still intact. Always set stops. Dyor. No financial advice. ____________________________________________________________________________________________ BitMEX Ref-Link for 10% Fee Discount the first 6 months: www.bitmex.com
BITMEX:BTCUSD.P
by Gl4diator
ETHUSD Update, Uptrend Support, Donchian Clouds, High Red VolumeOverview This is a continuation of a Bump and Run Short Bear analysis that I did at the beginning of May, which as you can, see proved to be wrong as the prices never recovered from the "bump" and instead continued to rise up dramatically. Interestingly, though, the resistance trendline turned into support line for what is a general bullish uptrend. Everyone is wondering how long will this last. Bears The only bearish signal at this moment is a huge spike of red(sell) volume, which has not entirely been manifested on the prices. Unless green volume hits back, this can pressure the prices to drop down further. For now, the support line has been tested successfully, currently, we're testing it another time. Short Term What is backing us up is the Donchian Cloud and DBB/Bolinger Bands which show the prices bottomed out at the lower bands and have begun recovering. The support line has historically proved to be a nice entry point, so did the Donchian Cloud and BB lower bands. Exit accordingly at the top, If you're trading that is. Long Term Generally, we're still in a bull market, corrections come and go, volatility on daily to weekly ranges are normal. Any sudden pullbacks are generally unwarranted, but if they do appear, then we must start to look to establish accurate levels of correction with the help of Fibonacci Retracements and historically longer-term supports. For now, we can stay positive, Let's see how far this puppy can bring us.
BITFINEX:ETHUSD
by sanneh
5
BTC/USD : Bump-and-Run Reversal Bottom ?Hello everyone, I hope you are fine. I thought Bitcoin did a rounding bottom, but seems he did a bump-and-run reversal bottom. Here is some Characteristics about this pattern : Down-sloping : The handle forms a down-sloping trend line that approximates 0–45 degrees (but this varies with scaling). The handle portion of the formation is called the lead-in as it leads in to the bump phase. The lead-in height measures from the trend line drawn across the highs to the low (not necessarily the lowest low) of the formation. Select the widest distance from the trend line to the low, measured vertically, in the first quarter of the formation. The duration of the lead-in should be at least a month, but varies depending on the situation. Bump phase : The bump is analogous to the frying pan base. The down- sloping trend line deepens to 60 degrees or more. Prices drop rapidly then level out and turn around, usually forming a rounded turn. After the turn, prices move up and sometimes pause at the 30-degree trend line before moving higher. The bump height, as measured from the trend line to the lowest low, should be at least twice the lead-in height. Strict adherence to this rule is not required, but it serves as a good general guideline. Uphill run Once prices lift out of the bump phase, they begin an uphill run that carries prices higher. Volume Volume is typically high during the three critical parts of the formation: formation start, bump start, and upward breakout. However, high volume is not a prerequisite. Source for Characteristics: Thomas N. Bulkowski
BITSTAMP:BTCUSD
by GoldenNaim
The Bottom Is In But The Bull Market Is Not Quite Here (Soon)Prior to the 4k breakout I expected to range within 3k-6k if the market was truly at a bottom. Clearly we are beyond that, taking a look at the unusual strength of this rally a few conclusions can be formed. One, the bottom is in. If you have followed me for any amount of time you know I don't make premature decisions. When your entire career, income, and livelihood is based off of your own analysis and clicking buy or sell you learn to not make drastic decisions in the name of speculation nor emotion. Secondly, we still need to range and consolidate before a healthy lift off into space ultimately shooting past the moon to an easy landing on mars and possibly Nibiru this bull run. The range we need is now at a higher level than my past assessments. Based on this analysis we are near the top of that range. Really nothing to fear though as this is a great opportunity for those that haven't had entry into this eminent bull market. I cover strategy towards the end of this write up. Bump & Run Reversal The Bump & Run Reversal has a low failure rate that is not all that common in cryptocurrency markets. It can show up as bearish or bullish, the BARR pattern for this analysis on Bitcoin is bullish, same rules apply for a bearish one. Structure The beginning of this lead-in phase is somewhat hard to identify due to its structure. The exact point is not all that important seeing as the pattern has played. We know that downtrend was in effect & we typically need to see anywhere from 0-45 degrees on the down slopping trend line. (Yellow line) Starting the bump phase we need to see a decline (or incline if bearish) of at least 60 degrees. (Orange line) When the trend line is reached, price action sometimes hesitates for a moment. However, if the pattern is valid, you will see a breakout thru the trend which we have here. Volume Volume as always is the key factor here, typically you see a decline or little volume during the lead-in phase, here we have little volume activity. During the decline entering into the bump phase there should be a severe spike in volume followed by a gradual increase inverse to the volume trend, shown here is not only a spike but more activity than we have seen throughout the entire bear market. Coming out of the bump phase there is a rapid increase telegraphing the coming run phase. Target There is argument on where the actual target is for a BARR, Bulkowski (discovered by him) puts the target at the peak of the lead in phase. Some traders look for double the distance from the bump bottom to the lead-in trend line. I subscribe to Bulkowski's assessment seeing as it has more accuracy based on my observations. Now that I have covered the overall picture of this reversal lets take dive into some other technicals to further my argument the bear market is over but the bull is not quite here. Monthly The highest timeframe I like to look at with Bitcoin is the monthly. Bitcoin's market is relatively new compared to traditional markets so I stick to this as my highest TF for the overall picture on momentum and strength oscillators. Shown below is the monthly Stochastic and MACD. For the first time throughout our bear market we have clear signs of bullishness. Secondly we show the RSI and MOM, the RSI hit past bear market levels and bounced nicely due to the BARR pattern. The momentum indicator began to accidentally telegraph the BARR pattern at 6k due to its functions, it is not something to rely on solely as it is reacting to the flat price action average prior to the BARR in comparison to the past rapid decline. However, the momentum shift is clear as day. The GMMA (explanation can be found in my related articles above comments) gives a great indication of the trend shift and strength of this bounce. (I urge extreme caution when comparing the past bear with this one, it is a completely different market, there is similarities to take note of and use in your analysis but overall I find that traders in this market rely on it as the word of the Satoshi without even considering the macro factors compared to the last bear) Weekly Looking below at the weekly Ichimoku we actually have a great indication of the markets bottom. I won't get into explaining the Ichimoku's functions as I have covered it many times on you-tube and also done an educational video on it found at my site. But to briefly summarize, Ichimoku Kinko Hyo translates into "one look equilibrium chart". Meaning when the price and components are at parity the market has found its equilibrium and can then move in the direction of demand. As for positioning of the Ichi we have this to analyze: Price trading above the Tenkan-sen: Bullish (Conversion Line in orange) trading above the Kijun-sen: Bullish (Base Line in Pink) trading below the Kumo: Bearish (Red cloud) span A below span B: Bearish (A is the green component of the Kumo) conversion line and base line below the Kumo: Bearish So how to interpret this: The market is finding its equilibrium. As time goes on and this rally averages out the bearish trend we had. The components come together to form this equilibrium of price on Bitcoin indicating the bottom has been formed by buyers and the consensus on price is the Ichi's equilibrium. This is in early stages but the move has been visible in formation for some time, something new in this bear market indicating reversal and bottom consensus. The weekly MACD is showing strength not seen in this bear market. The Stochastic (which is less laggy) indicates overbought conditions from the last run up. This is actually bullish in my eyes (overall picture) as it is also the first time we have had enough strength to reach that. The overbought conditions further my point of the BARR pattern as our bottom and now consolidation period within this range. Same story with the RSI as the STOCH, first time into overbought conditions. The MOM indicates strength that has not be seen either in this bear. Furthering my view this is our range peak my indicator Alpha: Exhaustion, which over 700 of you use at this point indicates that capital is near exhaustion, please note the indicator has functions that signal the trend reversal & capital exhaustion and those have not been painted yet. Strategy Too many traders focus on timing the exact bottom, yes it is exhilarating, but can be stressful for those not used to portfolio fluctuations. I am already in Bitcoin, I have never sold out all my Bitcoin, I simply open a leverage short position to protect the dollar value of my portfolio on major down swings & sell when I need to pay bills. I realize this strategy won't fit everyone, so if I was not in my current strategy from the first time I bought Bitcoin I would be looking to buy every dip during this range period as my budget allows it. We have many percentage gains ahead of us as our last bull market took us to a whopping 12,804% rally from bottom. Try not to be short sighted on this as there is a much bigger picture. So, what do I mean by the title: The Bottom Is In But The Bull Market Is Not Quite Here (Soon)? Many traders are expecting nothing but green candles forever. So it's a simple & humble reminder that markets don't work like that and need time. Yes Bitcoin moves like no other asset on earth, but I am taking a reasonable approach and assessing what I see currently on this last move: Bottom is in, but the move is tapped for the time being. Ranging in a very large and opportunistic area is the most logical move before the bull can truly start ripping and tearing. I could be wrong on the capped point, maybe we go vertical forever, but if you take the approach of not shorting these dips and instead buying them very little can wrong. Strategy can be implemented flawlessly. Short term (weekly, monthly) fluctuations matter little in the grand scheme of Satoshi. Remember, at this point, dips are for buying not shorting if you subscribe to this being the bottom. The first $100 move I can remember was sometime in 2013, it was one of the most euphoric moments of my life. Then came along 2017 and we began to see $1,000 moves, one day in the near future we will get a $10,000 move in one day, hopefully by then you see the wisdom in not stressing on the exact bottom or fluctuations and just simply be grateful for being in. It's the long game we want and need to focus on & the long game begins now. Trade safe and lets get prepared for the ripping and tearing Bitcoin is soon to initiate. (I am working on a an additional analysis to add this that will get into the volume on the time frames mentioned above, sometime in the next few days)
BITSTAMP:BTCUSDLong
by Nick_Core
61
BTCUSD | Bump & Run / 50 Week MA / EMA Ribbon BreakoutBtc looks to be having a bump and run pattern playing out. It also just had its first weekly candle close above the EMA ribbon which has signalled the end of the bear market in the last two crashes. On top of both of those, the 50 week MA line could be becoming support. Although there are some very bullish indications, there are also bearish divergences on the RSI and the NVT and stoch RSI seem to indicate a pullback. There is strong evidence to go either way. I think we will carry out the bump and run to test the resistance zone around 6200ish and then pull back without breaking the zone. Hopefully, the RSI and NVT are able to get themselves in position to allow for a break of the zone on the next test to solidify the case that we have actually begun the bull market. I am no financial advisor and don't like to post publicly, but would love to hear some opinions to get a feel of what the sentiment is like in the market. Thoughts?
BITSTAMP:BTCUSD
by K3vinmf44
5
BTCUSD 1D chart (4/23/2019)Good morning, traders. If you are with us in Discord, then you know that Bitcoin's move over night hit the third target that we had based on the Dragon harmonic pattern. It also hit last night's triangle target and a bit more, while sitting up the golden cross. As long as price remains elevated through the daily close, that cross should happen. This Show of Strength (SOS) confirmed the recent blue TR as accumulation with an uprise, as I have been mentioning it appeared to be for almost two weeks now. Finally, price has tapped just above the daily supply creating that swing high over night as well. While increasing numbers of traders continue to pile into the "sell everything, it's going to crash right now" corner, it seems more likely that price will continue higher toward the targets we have outlined previously. The argument from the "sky is falling" group is that price is fatigued, however daily RSI and Stoch RSI do not agree with that analysis. The former is barely overbought at 75.6 and the latter has just recently moved out of oversold. That combination generally means that price has more steam left in the tank. Currently, RSI and MACD are printing possible bearish divergence, but since the upward movement hasn't completed yet we could see those indicators continue to rise with price. In other words, the divergence hasn't definitively been printed yet, but it needs to be watched. At this time, I am watching the November 18, 2018 swing high at $5658.47 (red line). I believe a push through that level should trigger another short squeeze and see price targeting the EQ of the supply, at the least, which would complete a full retrace of the November shakeout. A look at the VPVR on the right side of the chart shows that there is little interest for traders until around that area. CME Bitcoin futures expiry happens on Friday, and if they're net long then we can likely expect some added push to get price as high as possible before that time. If you measure the flagpole from the break through the log resistance line, then the target (green) for that pennant pattern is also at that same area. Price has been printing an ascending channel, as we have been watching for a while now, and a move through that channel's resistance should target (blue) the same general area in the supply that I mentioned. If price hits this level, then we would likely expect price to retrace toward $5200/$5300 for wave 4, before completing wave 5 above $7000. Wave 2 took about 1.5 months to complete, so we can expect wave 4 to likely take about 4 weeks, possibly aligning with CME Bitcoin futures May expiry to complete short through the month and then long into June. We can probably expect to see alts finally making some gains again during May, if this scenario holds true. Every day, we have a choice to act positively or negatively, so if you get a chance, do something decent for someone today which could be as simple as sharing a nice word with them. You just might change their day, or even their life. Remember, you can always click on the "share" button in the lower right hand of the screen, under the chart, and then click on "Make it mine" from the popup menu in order to get a live version of the chart that you can explore on your own.
BITSTAMP:BTCUSDLong
by Chris_Inks
3
Cardano Bitcoin FC, Looks TerribleHi friends! Welcome to PoopTrader's bearish forecast for Cardano Bitcoin Futures Contract. While hype is all around Cardano as the next train to ride, I've been following it for 3 weeks for a good trade set up but sad to say for the bulls, it doesn't look any good right now. There are a lot of reasons for this as the chart is full of bearish signals. 1) A Bearish Gartley Variant formed. 2) A Hidden Bearish RSI Divergence signal appeared after it failed to make a higher high on its price while RSI made a higher high. 3) The 3 Black Crows candle stick pattern which is a bad omen is likely to complete after the 3rd candle close. If it manages to complete the candlesticks pattern, this will confirm the bearish trend for $ADA. Once confirmed, this will likely push the price lower to break a trendline support and will result to yet another bearis formation which is the inverted bump and run pattern. Caution should be exercised in this trade setup because the initial drop did not have significant volume and can be deduced as a bullish drop. A bullih trade setup will likely form after this. This is just a guide, not a trading advise. Hit like and follow for more chart updates! Thanks -Your Bearish Poop Trader
AShort
by PoopTrader
Bump and run break down?So I am posting this chart so that I can learn. Please understand that I am demo trader and that there are probably way more experienced traders on here than me, it's just my two cents for better or worse. I am long term bullish on gold, but there is a serious fight to get it to go higher, for now though I am looking for a pull back to happen and will wait to re buy the dip. I think that when the price runs into the outer most break down line on the chart we are going to see a pull back. I'm open to any feedback, especially if there is an error in my reasoning.
OANDA:XAUUSD
by UnknownUnicorn334442
4
ARLP - Flag formation long from $17.90 to $19.27 & higherARLP seems forming a possible bump & run formation. The best thing about it is the huge volume in the breakout candle that suggest the reversal of the trend. It is a bit speculative trade but seems a good long opportunity * Trade Criteria * Date First Found- May 6, 2018 Pattern/Why- Possible flag formation. Advanced Bump & run formation. Entry Criteria- Current Level ($17.90) Exit Criteria- 1st Target $19.27; 2nd target - Momentum Stop Loss Criteria- $16.87 Indicator Notes- Twiggs money flow broken to the positive side. Please check back for Trade updates. (Note: Trade update is little delayed here.)
NASDAQ:ARLPLong
by AcornWealthCorp
ETHUSD : POTENTIAL BUMP&RUNHi guys, On the 4-hour chart we can see an uptrend move which has been forming since the 25th of April. The trend angle is near 30 degrees. The decreasing volume indicates a consolidation and an ascending triangle is due to break this night. If the trend follows an uptrend move with a 60-degrees trend angle until $780 support, where the 6th up Fibonacci level support could be located. This following with a correction should confirm the bump&run pattern, the stop loss would be at the lower support of the uptrend channel where it could break. Thank you for reading, this is just a potential move, and that analysis would be useful only if the pattern is followed within the next few days. Have a great week ahead.
BITFINEX:ETHUSD
by HatrekoS
1