Bitcoin is potentially forming an Adam and Eve structure.
In this scenario, the Adam phase may retest $62k before a move to $70,800.
The Eve phase typically forms over an extended period with less volatility for Bitcoin but potentially a bearish period for altcoins.
This is just a potential scenario at this stage.
Best Hard Forky
In this scenario, the Adam phase may retest $62k before a move to $70,800.
The Eve phase typically forms over an extended period with less volatility for Bitcoin but potentially a bearish period for altcoins.
This is just a potential scenario at this stage.
Best Hard Forky
Note
Watching for a local rejection at $68,000 to validate if we will see a move back to $62k Note
Drop looks confirmed Note
confirmed Note
long Note
expected path - Note
adjusted path with latest data Note
first mark - Note
short op inbound - Note
still expecting the move to the 3rd target Note
risk of flash sale - Note
final move up Note
bottomed Note
minor update - final long to target Note
deviation and no short entry reached - possibly in larger Wyckoff distribution pattern possible Note
New scenario pivot: 
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Disclaimer
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.