DU09

BTC/USD - Adam and Eve in action, if confirmed 46k in play

Long
BITSTAMP:BTCUSD   Bitcoin
BTC is forming a very nice pattern - Ada & Eve. If this is confirmed we're clearly going up, fast.

Ideal pattern: www.traderencycloped.../Adam_eve_bottom.png

In this particular case this is a bullish Adam and Eve formation whereby we had a sharp V drop represented by Adam and a lower volume curve represented by Eve. If we break the resistance line at 36k on volume, the pattern is confirmed and we can expect to reach at least the previous top.

In my view, we will likely pass the previous top and push higher. My bias is bullish and alts like DOT pushing over 20% today shows the market is thirsty for more gains.

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