Description
⋅ BTCUSD is showing a very large Adam & Eve pattern (purple). The pattern tends to produce a close-to 100% retracement.
We have also crossed over the 50 day EMA which has not been done since August of 2018.
$4,200 ranges look to be a very large resistance at the neckline.
The RSI has crossed above the top overbought line, Which can be bullish if we stay above for another leg up.
The MACD has crossed the zero resistance line, if we stay above we can see a large rally.
Fundamentally, Bullish news continues to pound the media.