Earlier this month, Costco made confirmation of an Eve & Adam Double Bottom chart pattern as it began seeing daily closes above the mid range between lows. This pattern indicates a fairly high probability (about 88%) of a bullish reversal relative to the sell off which from the recent all-time high (571.49) achieved on December 29th, 2021.
Today, the price is...
Long term up trend was broken @ 24,295
Grabbed support @ 29.2k then bounced to ATH's
Sort of looks like a double bottom currently on this new trend line that was once resistance and broken @ 19.7k.
Double bottom (Eve & Adam which is a higher low DB) isn't yet confirmed, will need to close green above 45.8k on the weekly.
If confirmed the completed db pattern will...
![BTCUSDT: BTCUSDT - LAST LEG UP TO ALL TIME HIGHS - 80K+ [2022]](https://s3.tradingview.com/p/pUu41Cqi_mid.png "BTCUSDT - LAST LEG UP TO ALL TIME HIGHS - 80K+ [2022]")
