Is this a formation and a reversal?
Important Bull Market Results for Bump-and-Run Reversal Top
Overall performance rank (1 is best): 1 out of 53
Break even failure rate: 9%
Average decline: 19%
Pullback rate: 64%
Percentage meeting price target: Not measured
The above numbers are based on 1,489 perfect trades. See the glossary for definitions.
Upward thrust / last point of supply suggests we will retest this area with, I think, a general move downwards.
This isn't 1minute - it's renko, so check the x-axis before you discriminate.
Using Twiggs Money Flow, Linear Regression (top), Renko, Decay / Volume Weighted Moving Averages.
Enjoy the profit
Got stopped a long time ago with the @alanmasters setup. I still believe it's valid - the whole market's down, this is the only altcoin with a MAJOR wound that's just healing now. 1900 to ~3600, then upwards to ~6000+.
Check out the fib bands and we've already, on the day, inched towards the median. Ask Allah for success and your wish may be granted.