This is an update to my previous post on the Adam & Eve Trade Idea.
Here, Bitcoin's Adam & Eve has a $9.9K Immediate Target if this pattern plays out.
The neckline is currently serving as resistance here on this chart. Bitcoin has to breakout of the neckline and push further up.
If this pattern fails, look to this chart for the Descending Triangle.
*** Trades should not be placed based upon what you see here! Do your own research and manage your own risk.
Only trade the breakouts to be safe and not be sorry. Wait for confirmation of price direction prior to putting in your trade.
Remember to always, always place your stop loss at the appropriate levels immediately after you have put in your long/short position so as not to get wrecked with your trades.
>>>>> Always be prepared for either scenario of upwards movement, downwards movement, or sometimes even sideways movement (consolidation phase & sometimes even extended consolidation phases). <<<<<
Constructive and positive comments are welcome. Be courteous.
Consider leaving a like after viewing my post, and click on Follow to receive my latest and updated posts.
More Power To All Your Trades,
Ron (The Intrepid Trader)
Here, Bitcoin's Adam & Eve has a $9.9K Immediate Target if this pattern plays out.
The neckline is currently serving as resistance here on this chart. Bitcoin has to breakout of the neckline and push further up.
If this pattern fails, look to this chart for the Descending Triangle.
*** Trades should not be placed based upon what you see here! Do your own research and manage your own risk.
Only trade the breakouts to be safe and not be sorry. Wait for confirmation of price direction prior to putting in your trade.
Remember to always, always place your stop loss at the appropriate levels immediately after you have put in your long/short position so as not to get wrecked with your trades.
>>>>> Always be prepared for either scenario of upwards movement, downwards movement, or sometimes even sideways movement (consolidation phase & sometimes even extended consolidation phases). <<<<<
Constructive and positive comments are welcome. Be courteous.
Consider leaving a like after viewing my post, and click on Follow to receive my latest and updated posts.
More Power To All Your Trades,
Ron (The Intrepid Trader)
Comment:
Need a Breakout Trading Plan or Idea? Look to this chart.
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Volume is increasing on this upside breakout move.
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Replicating Patterns
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$9135 Key Support Level Must Hold For Further Bullish Price Action And Keep The Validity Of The Adam & Eve Pattern.
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Bitcoin now in a Pennant. Breakout bias is to the upside due to price now being in an upward trend. Immediate target $9675.
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Short Term Bullishness.
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Adam & Eve pattern continues form.
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Support Lines Must Hold, otherwise a BEARISH Descending Triangle will form.
