Here you can see a bump and run reversal pretty clearly defined on Bitcoin, but it's unconfirmed until we break below the 30 degree (lower) trendline.
If we do break below we have a price target of $9070-$9050; I've personally got a target of $8950.
Read more here: thepatternsite.com
Bitcoin is forming a symmetrical triangle bottom at the bottom. A triangle at the bottom of the range is SLIGHTLY bearish. In addition, if price fails to retouch the upper trendline, that would constitute a partial rise and be bearish.
The Straight Line Run Up
Identification: Price runs up in a mostly straight line from A to B
> Some curving is fine.
Behavior at a glance:
A. <38% Retrace = 0.25
B. (38 to 62%) Retrace = 0.31
C. (62 to 100%) Retrace = 0.23
D. (100 and More Retrace) = 0.21