Updated

BTC Potential Double Bottom Reversal

BTC is nearing a potential Double Bottom Reversal pattern (Adam & Eve). A price of 6643.50 brings BTC within the allowable 3% price difference for the validity of this pattern. Resistance will need to be broken midway and at the top, leading to a pullback above the high of the middle peak, then continuing to rise above the new high.

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Early this morning ^^^
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Below is now...

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Indecision Dojis

A clearer view of the candles and indicators

RSI consistent with indecision

Elliot Wave Oscillator, MACD, and MACD Histogram curling and ticking up...

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BTC Daily Chart with MACD, and MACD Histogram

Follow the white lines

This Daily chart shows the RSI rising within a wedge

Pattern recognition...

!4:09 EDT Forming Red Doji, preceded by a red doji...

19:33 EDTRed Doji turned Green and a new green doji forming...

Indecision candles now on the 5 Min...

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Getting tighter...

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The massive Bear Flag...

Broke for a $268 drop...

...that was bought right up

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A drop is necessary

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Look at the size of that wick on the 5 minute chart (right)...bears attempted to bring BTC below VWAP, and the bulls were not having it. Wicks like that are very telling...looking at the 4hour (chart on left) they were telling everyone that the price was not going below 6500 any time soon.

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The following charts are Daily:

MACD and MACD Histogram

MACD and Signal line curving up

Elliott Wave Oscillator ticking up

RSI rising

MACD Histogram...what comes next?

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Still on track...

Wave 1 of 3 complete...currently in 2 of 3

BTCookieMonster

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