On the left you can see the current bitcoin chart on the 12h timeframe, further confirming a bottom with an adam-and-eve chart pattern forming.
It occurs after a sharp downtrend. The initial step creates a “V” shape, the Adam part. Then the price surges upwards to a neckline and then makes a round “U” shape which is the eve part. Together it’s an Adam and Eve bottom pattern.
As you can see on the right, the bitcoin top created over a weekly time frame, the inverse, an Eve-and-Adam topping pattern.
This is a Double Top pattern with the first top stretched by many round candlesticks that look like the letter n. The second top is pointed like an A.
I hope you enjoyed my analysis, please like, comment, follow, and share to show your support and encourage me to post my thoughts.
It occurs after a sharp downtrend. The initial step creates a “V” shape, the Adam part. Then the price surges upwards to a neckline and then makes a round “U” shape which is the eve part. Together it’s an Adam and Eve bottom pattern.
As you can see on the right, the bitcoin top created over a weekly time frame, the inverse, an Eve-and-Adam topping pattern.
This is a Double Top pattern with the first top stretched by many round candlesticks that look like the letter n. The second top is pointed like an A.
I hope you enjoyed my analysis, please like, comment, follow, and share to show your support and encourage me to post my thoughts.
*Not Financial Advice*
*Only Risk What You Can Afford To Lose*
*Just Ideas, Not Investment Advice*
*Trade At Your Own Risk*
*Only Risk What You Can Afford To Lose*
*Just Ideas, Not Investment Advice*
*Trade At Your Own Risk*
