I have been looking for Bump and Run formations because they are one of the most reliable formations out of all formations and so the effort seems important.
My linked post will show how falling wedges often have a BARR within them and I am making the case now that ETHBTC is in a long term falling wedge with a BARR to get us to perform out of it.
Key to the BARR is the Lead In Trend Line. It starts as resistance and has to be confirmed as support before the BARR formation is confirmed. Until then you just have a falling wedge. The target of the BARR is the height from valley of the bump to the lead in trend line. There is full performance at 0.03137 and average performance of about 70% of the height, not shown. Another target would be the lead in height of 0.345. The valley to trend line target now is rough, as we have not tested the lead in trend line as support.
(At this point I shall not bother to go too deeply into the falling wedge targets.)
Since we need to pop above the wedge resistance to test it as support we need a likely place for this uptrend to complete. Most obvious place (not guaranteed) would be the 200d. We just found support on the 50 and so all the shenanigans around here could set up a golden cross.
The weekly chart with Bollinger Bands suggest we will get heavy wicking as we perform outside the BB as we move towards target, especially if we do it impulsively.
My linked post will show how falling wedges often have a BARR within them and I am making the case now that ETHBTC is in a long term falling wedge with a BARR to get us to perform out of it.
Key to the BARR is the Lead In Trend Line. It starts as resistance and has to be confirmed as support before the BARR formation is confirmed. Until then you just have a falling wedge. The target of the BARR is the height from valley of the bump to the lead in trend line. There is full performance at 0.03137 and average performance of about 70% of the height, not shown. Another target would be the lead in height of 0.345. The valley to trend line target now is rough, as we have not tested the lead in trend line as support.
(At this point I shall not bother to go too deeply into the falling wedge targets.)
Since we need to pop above the wedge resistance to test it as support we need a likely place for this uptrend to complete. Most obvious place (not guaranteed) would be the 200d. We just found support on the 50 and so all the shenanigans around here could set up a golden cross.
The weekly chart with Bollinger Bands suggest we will get heavy wicking as we perform outside the BB as we move towards target, especially if we do it impulsively.
And I promise every Floridian that you will all be rich... because we're gonna print some more money! Why didn't anybody ever think of this before?
~Nathan Explosion
~Nathan Explosion
