Adam and Eve Pattern (Double Bottom)
Bitcoin just printed the Double Bottom in the form of an Adam and Eve Pattern. The break-out target is also in-line with the 1.618 Fib.
Also the price managed to get above the 21MA on the daily chart and I think this is a positive short-term development.
If it breaks the Neckline, I’ll be waiting for a confirmation before entering a long position.
Also the price managed to get above the 21MA on the daily chart and I think this is a positive short-term development.
If it breaks the Neckline, I’ll be waiting for a confirmation before entering a long position.
Related publications
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.