BTC BARR FORMATION
Updated
BTC at the 4H After a month of sideways support broke down in early January. and support has been found around $41250.
what struck me was the BARR (Bump & Run Reversal) formation and is therefore the pattern that continues for now.
I expect that the lead-in line will be a target where the bulls will have to prove themselves to gain ground there to be able to continue up with 2 price targets one based on the start of the Lead-in and the other on the RUN or the outbreak based on the reflection of the longest distance. If the bulls get rejected, it could just be that the bears will prepare another attack to test the $41250.
Keep calm, trade safe and manage your risk.
*(Disclaimer: This is not financial advice)*
what struck me was the BARR (Bump & Run Reversal) formation and is therefore the pattern that continues for now.
I expect that the lead-in line will be a target where the bulls will have to prove themselves to gain ground there to be able to continue up with 2 price targets one based on the start of the Lead-in and the other on the RUN or the outbreak based on the reflection of the longest distance. If the bulls get rejected, it could just be that the bears will prepare another attack to test the $41250.
Keep calm, trade safe and manage your risk.
*(Disclaimer: This is not financial advice)*
Note
when u hit play you see where it was rejected. januari 22nd
Tims.Technische.Analyse by TIMTIBBO
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