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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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.