Bitcoin Adam & Eve - Three Drives $9200 retracement
This is a brief look @ the two potential patterns I see forming currently on the BTCUSD pair.
The Adam & Eve pattern can be seen above the 11k line here, the first time breaking out ^ forming the 'V-top' shape we see highlighted by my white trend lines.
Following this we see BTC decline, before striding to 11k again where it held it's currently holding it's position, and forming a 'U-top' shape on the charts. For a brief description on the Adam & Eve Double top check out thepatternsite.com/aedb.html
Alongside this pattern we've seen a Batwing atop these charts but more importantly the Three Drives pattern in which it appears to be developing. I have forecast my estimated BTC decline down to the $9200 region which will become my buypoint.
The Adam & Eve pattern can be seen above the 11k line here, the first time breaking out ^ forming the 'V-top' shape we see highlighted by my white trend lines.
Following this we see BTC decline, before striding to 11k again where it held it's currently holding it's position, and forming a 'U-top' shape on the charts. For a brief description on the Adam & Eve Double top check out thepatternsite.com/aedb.html
Alongside this pattern we've seen a Batwing atop these charts but more importantly the Three Drives pattern in which it appears to be developing. I have forecast my estimated BTC decline down to the $9200 region which will become my buypoint.
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