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BitbullTrading
Feb 8, 2022 9:20 AM

Bump & Run Reversal on Bitcoin!  Long

Bitcoin / U.S. dollarBitstamp

Description

Hello together,

enclosed is again an update for you!

We have held very well above the Fibonacci level and form a new pattern! Bump and Run reversal patterns are characterized by the fact that you had a strong sell-off, but then it is broken by a steady rise through the trend line immediately to the top. I have drawn you the important phases.

For me, it is now important whether we fall again on the trend line. Bitcoin should see a nice bounce here at the latest! Also our important 0.786 Fibonacci level is in this area!

Write it with pleasure times in the comments what you think of it!

Yours
BTC Moneymaker!

Comments
Tradersweekly
Thanks for sharing. However, I am bearish and here is why:
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