BTC: Bump-and-Run Reversal Tops patterns

In this post, we want to look at a formation that played an important role in the Bitcoin historical chart. The name of this pattern is Bump-and-Run Reversal Tops. As can be seen from the chart, the whole price structure of Bitcoin can be explained based on this formation. The historical chart of Bitcoin from the beginning to the present day consists of 3 of these patterns.
Formation 1: from 2011 to 2015
Formation 2: from 2015 to 2018
Formation 3: from 2018 is still going on
In this formation, prices rise steadily along a trend line, bump up, round over, then decline through the trend line and continue down. The different phases of formation are marked on the diagram. The drawings of this formation for Bitcoin are highly compatible with RSI and TD sequential
In the bump phase, the RSI is in the overbought area and when it reaches the peak, the TD sequential bear setup counting begins.
TD sequential bear Counting continues until the break of the trend line and the phase of the Dunhill Run. In this phase, RSI enters the overbought phase, and gradually a new formation is completed.
Based on the historical behavior of Bitcoin, its position in the downtrend of the bump phase can now be identified
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