Disclaimer: I am in the process of learning technical analysis and please feel free to point out flaws that I have with my chart. This is based on my personal observation and is not financial advice. Thank you so much for reading this.
I would like to give a credit to my mentor @imnotgoodatall for suggesting everyone look at this pattern in one of his recent chart updates. I have done a little bit of research on this pattern and feel the urge to share it with everyone. I am quite surprised how it follow exactly what they have outlined in the textbook. We're now in the Run-phase and expect BTC to first rise back to its previous all-time high. I have been in the crypto space for a few years but I never take technical analysis seriously because I don't think it is crypto is a pre-mature market and so volatile that we can apply an accurate TA. However, since the market has been playing with my emotions quite sometimes, I think I would be more responsible with myself to have proper lessons and plans so that I don't make irrational decisions such as buy at the top, sell at the bottom, chase green candles, etc.
If you would like to learn more about TA, I would suggest checking out @imnotgoodatall, his work is very genuine, and you will learn more than just technical stuff. Good everyone and as always, happy trading!
Not correct. your trendline from 64700 should be aligned with 52900, the recent HH. if it breaks above that trendline, your Bulkowski pattern would be valid. you have connected 64700 trenline to 40500 which is not what Bulkowski about.
mysticalwalrus
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Great work! Great use of the BARR pattern!! Keep up the good TA my friend! I can’t remember who used this pattern on BTC but I thought they did a great job and provided a great perspective. I’m glad you are sharing the pattern with other people! You definitely looked into it thoroughly! Again, great job!