BTCUSD - The Anatomy of an Eve
Updated
Of all patterns, the Adam and Eve reversal in a bearish trend is fairly significant. It indicates a period of consolidation with building faith in the market after the speculative money has permanently left the market - your grandma is not buying Bitcoin here for a reason.
In my opinion, this is a fairly likely play - a rejection off the Daily kijun for a temporary pullback and clean breakout.
In my opinion, this is a fairly likely play - a rejection off the Daily kijun for a temporary pullback and clean breakout.
Note
On point, both from a price (somewhat) and time perspective. Expecting a slow drop to 8000 region.
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