BTCUSD is forming what looks like an Adam and Eve formation on 1D (turning neutral on RSI = 53.944 and bullish on Highs/Lows = 70.9091). What is more interesting is that it was achieved within the 1W 200 MA/EMA (drawn by hand due to cross chart conflict). This pattern suggests that a bullish target should be pursued with the distance of the Bottom to the Resistance being equal to the distance from the Resistance to the Target. Therefore that puts the TP at 4,450.
Interesting. Is there also an Adam and Steve formation by chance?
fract
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UnknownUnicorn1615160
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interesting chart pattern. what do you think that we have bounced off the 200 Week MA twice now? I feel if we hold our current weekly candle btc could react bullishly next week.
InvestingScope
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@WolfPackCrypto, Agreed. So far the bullish scenario is on for this week. Especially the current candle (1D) looks very promising.
Corn_Reaper
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fract
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fract
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UPDATED
Boon2
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BTCUSD H4 Correction up. Checkout the idea detail's and all the update's for the complete picture.
UnknownUnicorn3811160
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spot on!
InvestingScope
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@AdamFleish, Thanks. So far it is looking promising.