The Adam part of pattern is a sharp downward move, with a sharp upward move back up. I highlighted those days in red.
The Eve part is the rounded bottom, which occurs afterwards, that I highlighted in green
I trade positive reversals, so I would potentially be buying the bottom of the Adam section or the bottom of the Eve section. If you were shorting, you...
Bitcoin on tight Bollingers and so far not dissolving down and defending 4k, probably gives a more bullish outlook.
In case we don´t see 3 as a Double Bottom, or maybe even lower and fall through, we might see a high probability
Adam and Eve with a neckline to break roughly around 4050. Also the 3day Stoch is quite low.
Not losing faith currently, bullish clear...
RVN/BTC looks to me like it's about to complete an Adam and Eve double bottom.
Definition (from stocks): thepatternsite.com
Nice volume coming in. Conservative entry would be after confirmation, or on seeing what pattern it forms after confirmation.
See alot of Bullish signs at the moment, also the slow grind its makeing to the top trendline makes me worry abit about my short, thats why im hedging with a long atm, if we brake my SL is 4250 on my short... we will see
$BTC has been forming adam & eve pattern for last 3 month and pattern is almost completed.
As well there is a clear inverse head & shoulders formation.
However keep in mind that we are still in the bear market until all major resistance lines and levels are broken.
$BTC is approaching almost 1 year long descending resistance line that it will have to break in...
Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to...
While the bullish fervor may have stirred me a bit, the bullishness is definitely gone with the failure of the Adam-Eve pattern.
As you can see above, I made a failed trade at the beginning of the day, small position, and a successful trade right after, large position, which made my week on a Sunday; not a bad turnaround from being deeply red, and almost stopped...
Here is definitively a strong signal for a reliable and solid reversal. Now, waiting the Adam & Eve pattern to be validated with the breakout point in the neckline.
Note: This is not a prediction but only my own analysis following time spending in a lot of researches (I'm student). There are no trading advice here, except >>> don’t invest more than you can afford...
Looks like we will see some bullish action over the next one or two weeks based on our recent breakout and a bullish cross on the MACD.
The first horizontal yellow line is the Adam-and-Eve confirmation. The second horizontal yellow line would be the first higher high in the past few months.
The ADAM & EVE pattern is classic one, but quite rare and only valid in long-term time-frames, in this case the daily chart!
Despite being a rare figure, it is quite simple to operate and set your target.
The best entry is at the neckline breach and the target is the...
As we see on this 1 D chart on Coinbase, there is a higher possibility of A&E formation playing out now. As we are holding support by the 10 D and 21 D moving averages now. Low volume weekends can ruin it though...
As everyone expects lower levels now, I still think we will pump up to at least to the 3850 areas to test the down sloping trend...