mycotoxin

BTC - "Adam and Adam" reversal which should move it back to 6800

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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12
BTC can afford to lose the Head and shoulders as it can still drop to
5800 and give an "Adam and Adam" reversal which should move it back to 6800

More info on Adam and Adam

http://thepatternsite.com/aadb.html
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Adam is a term that describes how the bottom looks, in this case, a narrow, pointed bottom, perhaps with a one-day downward spike. Eve bottoms are more rounded looking and wider. If they have spikes, they tend to be more numerous and shorter. Many times the difference between Adam and Eve is the width of each over their entire height. Adam bottoms tend to remain narrow but Eve bottoms widen over their height. When trying to decide which is which, ask yourself if the two bottoms appear different or similar. With Adam & Adam, the two should look similar (both narrow).

Comments

perhaps
we will see
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mycotoxin mozartc
@mozartc, fingers crossed
Reply
mozartc mycotoxin
@mycotoxin, fingers crossed
Reply
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