mjtrustme

bitcoin MASTER CHART- New pattern! Garden of Eden

Long
BITFINEX:BTCUSD   Bitcoin
Welcome to the bitcoin master chart,

In this chart we explore the entirety of bitcoins parabolic run-up to 20k, all the way to the 70% correction. As I was making this master chart seeing higher lows and higher lows as we started to see a trinagular squeeze, I couldn't help but identify the Adam and Eve double bottom with a double top wedged right in between.

I started to think and personified the pattern inside the chart as the Garden of Eden Pattern. To make it simple the Garden of Eden pattern is a double bottom pattern with a double top wedged right in between the two.

Specifically the double bottom has to be an Adam and Eve version, and in order for it to be validated as the pattern 'The Garden of Eden' there has to be a double top wedged right in between Adam and Eve. This double top acts as Satan/The Serpent and these three together form a powerful pattern.

As soon as Eve validated herself in the double bottom we saw bitcoin take off and for the first time break to the upside of the triangular squeeze trend lines.

Now what? If my pattern is correct bitcoin has fully restored and is ready to continue to new ATH. If bitcoin can go full bullish in the weeks/months to come with very little sell side action this pattern serves as an investment/trading strategy to be remembered.

When a parabolic trend comes to resistance and meets sell side action that turns over to a panic low wait for the recovery. When it bounces wait for the double top, if the double top is followed by another test of low in the form of Eve have got yourself The Garden of Eden pattern and one should enter a long positioned trade/investment on the subject.

ONLY TIME WILL TELL

-TRUSTME




Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.