Adam Eve pattern is often seen at the market bottom, here the classical formation of this pattern shows the market is quite bullish Moreover, 3days golden cross played out which shows a strong uptrend, however, on the weekly side market has not touche the 21 day EMA which makes the possibility for the downside along with the gap remaining in CME futures. Now...
Bitcoin seems to have created an almost perfect Adam and Eve bottom. The target for this one would be at 13k after breaking 11.15k to confirm.
As mentioned yesterday, we are not out of the woods yet. Currently, the Daily Pivot is working as support followed by the Weekly Pivot in case this fails, which can fairly happen. We are at resistance now accumulating beneath it, which is normal and not worrying me by now. I have marked my bearish levels when I would start to rethink the bigger picture, so far no...
A very important hurdle for the potential reversal. Today, the Weekly Pivot and the Daily R1 are presenting a big hurdle for Bitcoin to overcome. On the One-Hour, we see slightly rising volume, higher highs, and higher lows, two broken trendlines and new Support. If we manage to bypass the W-P, thinking how an Adam and Eve is "working", I would not expect a mega...
Alright, after breaking the last trendline upwards, the expected hurdle of the Weekly Pivot + SMA200 bundle of joy in the one-hour timeframe is now on. Don´t get impatient, this is a very important step to further healthy growth. Bitcoin needs to get over this first before creating steadily growing demand & therefore volume. Stay safe, don´t get #Fomo, always set...
Very similar picture for ETH as for BTC and LTC. The Leadline is currently still protecting ETH from a drop and also here a potential Adam and Eve Bottom is coupled with decreasing volume and pausing. Ethereum is just sitting below the new weekly Pivot Point which is certainly the level to break around $213 if there is going to be upwards reversal and a...
Litecoin is the only one of the typical altcoins that can trigger movement, that has reached the former breakout-level as support. Same patterns as Bitcoin, and Ethereum. I am closely watching this Chart, on 3D it is clearly visible, that we should not break this former levels downwards, on H6 it looks also like a potential Adam and Eve that is pausing right now....
We are experiencing a stage that is called "Pause". Not only is this typical for an Eve-Low it can also mark a stage, before bigger movements, and this here can certainly go on for another couple of days. No reason to take any risk at the moment, although some might to start picking up on longs now, we need to keep a close eye on the development of the volume....
Dear Traders, even though the $8k are still fairly possible, we should not only focus on the negative. Right now we are definetely hanging around this trendline and couldn´t push through yet. The possible Adam and Eve reversal pattern is not confirmed yet, and we need to see how it develops, once it is hitting it´s neckline, we should get ready to trade with...
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...
If you look at my previous FLXN idea, I called the short from around $20 to $9 using classical charting techniques. I am now calling the bottom on that trade. It looks like a textbook Adam and Eve double bottom. If you analyze the tape a bit more, you can see accumulation going on in the $11-12 dollar range with anything under $11 clearly being bought back up....
WAITING FOR NECKLINE TO BREAK FOR PATTERN CONFIRMATION TARGET : 8200$-8400 $ DISCLAIMER : THIS IS NOT A TRADING ADVICE
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. #notfinancialadvice
It appears we will bullishly trigger/break an adam and we've double bottom pattern on the daily on the trxbtc chart however we must keep in mind tha since we recently had a deathcross on this chart more losses against btc are anticipated after it hits its breakout target. I assume it will get rejected back down from the 1day 200ma resistance and be bounced back...
Here's everything I've been following on the weekly chart. It still looks extremely bullish to me.
Look thru it , for description.