Adam
MFT - LONG - Trade OpportunityMFT Currently sitting on 0.00000074 High Timeframe price action looks like a possible A&E double bottom pattern, this play might take some time to huge profits but in the meantime we can play with the targets that we have below.
Entry: 0.00000076
Target 1: 0.00000083
Target 2: 0.00000089
Stop Loss: 0.00000069
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ZIL Reentry - A&E Double Bottom/Mainnet ReleaseIf you missed the last call for ZIL this chart is looking at the current reentry point. We have an Adam and Eve Double Bottom on the 1d chart, which has played nicely to their mainnet release that is due to be released sometime this month.
ZIL REENTRY-
BUY: 574-631
SELL:
653
676
711
754
830
STOP: 494
Adam & Eve bottom forming on $ETHBTCIt appears that Adam & Eve bottom is forming for $ETHBTC, which is a solid reversal pattern. It's a double bottom pattern characterized by the first, sharp V-shaped bottom (a.k.a. Adam), followed by Eve's rounded bottom, usually not reaching below the Adam's low.
There's also a confluence of at least three more bullish factors:
1. RSI in the oversold range;
2. RSI divergence suggesting price bottoming;
3. Price sitting above weekly support level (not shown in the chart, zoom out to see).
Expected price action in the coming days is shown in the chart, with 1st target range shown in green. However, if the pattern fails and weekly support breaks, a drop to the lower range of weekly support is expected (about 15% lower), and if that breaks there's a long way down to the next one.
Feedback and comments are very welcome. Safe trading!
Disclaimer:
This is not intended as financial advice, trading is your sole responsibility, please do your own research.
BCHSV/BTC ADAM EVE + CUP N HANDLE?The patterns are not textbook exactly but they certainly have the general shape. The handle is a little long for my liking and the A&E doesn't make a perfect double bottom as the second low is higher.
Cardano ADA - Double bottom / Adam & EveThis is the setup I am currently watching.
If this is the pattern then start laddering long orders 1008 to 1020
Stop Loss 998
XLMBTC - Adam & Eve double top?Will XLM escape from paradise? Pattern on 4H timeframe will be confirmed at previous low, but I will risk some even now. When one of the entries will get filled in, the other order will be canceled and stop loss corrected.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Could BINANCE COIN lead the way for a proper alt bull season?The $BNB 8HR is looking quite interesting..
-We are trading outside the triangle
-Adam and eve bottom
-EMAs crossing
-Price about to cross 200 EMA again
-Price forming higher lows yet the stoch RSI has almost completely reset (on 1D RSI stoch is in danger zone)
-MACD death cross (possible fake out?)/
XRPBTC 23% profits potentialDaily timeframe:
• Elliot waves theory
-Wave 1 completed
-Wave 2 complicated ABCDE correction and lasted 1 month
-Wave 3 huge and profitable
-Wave 4 simple correction and lasted few days
- Wave 5 is completing
• Stochastic bounces on 50 and crosses, only one bearish divergence but we are not overbought
• RSI indicates a bullish market, no clear bearish divergence
H4 timeframe:
• Adam&Eve double bottom, we tried an aggressive breakout that failed
• Cup&handle forming
• RSI breaks 60 level, so bullish momentum is ahead, we have resisted bearish divergence
• Stochastic divergence but seems to be ignored at the moment
Trade:
• Entry : 0.00008650
• TP : 0.00010650 (0.786 fib)
• SL : 0.00008453
• Ratio : 10.15
That's my analysis, do your own before taking any trade on that coin. If you trade, use the Livermore method, that is to say begin with 25% of the capital you want to put in, then if there's a breakout, add the rest.
If you have any questions, I would be pleased to answer, share your ideas that could be interesting to compare !
Have a nice sunday !
Daily timeframe :
[Red Apple] "What is the next movement??? "_BTC/USD_18.08.13I expected rebound and then, be blocked 20EMA on 4H. At the moment, it moves sideways.
Let's analysis BTC~
If you are busy, you can just read below briefly
'A. Briefing '
'E. Summary and Strategy'
before read, click '+Thumb up, +Follow' :-)
A. Briefing
. move sideways along with 20EMA on 4H
B. Weekly Chart
a. Candle
If there's one more bearish candle, it can be formed 'Three Black Crows' pattern.
b. EMA
20EMA will say to 50EMA soon "long time no see since Nov.2015"
c. Pattern
Adam & Eve pattern (Double bottom) -> right bottom can be dipped more -> the moment for Buy is the time when it penetrate neck-line, not now.
d. Sum.
There's no positive signal.
C. Daily Chart
a. Trend
Descending
b. Candle
possibility for Three method
c. EMA
All EMAs are in reverse order
d. Indicators
a) Hidden Bearish Divergence on CCI
b) MACD line and signal line are under '0'
c) ADX -> -DI -> +DI, ADX line is heading up -> indicate 'Bearish market'.
e. Sum.
There's no Buy signal. Many indicators are showing additional drop and even it goes up, $6500 can be resistance line shortly.
D. 4H Chart
a. EMA
All EMAs are in reverse order
b. Elliott Wave
if it falls down under $5755, Elliott waves fail.
c. Fibonacci
blocked by 0.786
d. Sum.
just following 20EMA on 4H and there's no special pattern. the most importance mission for BTC is penetration of 20EMA on 4H.
E. Strategy and Summary
High Time Frame charts show negative signal. if there's 'Dead Cross' on weekly chart, BTC can be in long period of stagnation. hope this week is reversal point. In personal, it can be dropped one more time.(if it becomes real, check my previous idea)
a. About previous briefing : keep commenting about 20EMA on 4H and it's moving along with it.
b. About this briefing :
b.1 For Aggressive Traders : Buy when it penetrate 20EMA -> take profits(1~2%) shortly($6500 can be worked as resistance line)
b.2 For Conservative Traders : wait until breakout of 20EMA and check Buy signal.
Trade Safely~~
If you think my idea is helpful for you, Click ' +Thumb up, +Follow'
Also, if found something special, i will comment in real time.
[Red Apple] "Rebound points. "_BTC/USD_18.08.11BTC failed to break many resistances and then falling down,, down,,,,
Let's check rebound points~
A. Monthly Chart
There's rebound points such as 20EMA, 20SMA, trend lines, previous low level.
a. Trend line I : $5860
b. 20SMA : $5790
c. Previous low level : $5755
d. Trend line II : $5600
B. Weekly Chart
Possibility for Eve&Adam pattern (Double bottom)
C. Daily Chart
Now, rebound like above chart and then, it can be dropped again later because BTC is falling down along 20EMA on 4H.
D. Summary
There's still lots of resistances up there. to breakout, we need a huge bullish candle. maybe it will appear from one of rebound points.
a. For previous briefing : There was no Buy signal (no bullish engulfing candle, failed to stay over 20EMA on 4H)
b. For this briefing :
a) Aggressive Traders : Buy from expected rebound points -> set short stop-loss
b) Conservative Traders : At least, wait until BTC stay over 20EMA on 4H and find BUY signal.
Thanks. hope you got help from my idea.
Descending Triangle + Inverted A & E could = Doom for ETH:BTCI believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to get my complete trading strategy and click here to learn more about how I use the indicators below!
Previous analysis/position: Have been thinking/tweeting about shorting it
Patterns: Descending triangle on weekly with target of 0.002. Can kind of see an inverted h&s on daily but do not give it credence
Horizontal support and resistance: R = 0.058 | S = 0.05
12 & 26 EMA’s (calculate % difference): 12 is currently acting as resistance | 26 = -5%
50 & 128 MA’s: 50 = -12.3% | 128 = -19.71% | Recent death cross
FIB’s: Not very helpful, but could see 0.382 at 0.06
Candlestick analysis: Hanging men from two and three days ago should provide fractal/stop loss
Ichimoku Cloud: Fully bearish with Tekan-Sen acting as resistance | Weekly cloud is at 0.019
TD’ Sequential: 9 on the buy setup and 13 on the buy countdown on the 3d. R-9 on the weekly with a R-2 > R-1 | Not very helpful on daily
Visible Range: Point of control over last 24h = 0.0574 | POC over last 5 days = 0.0578 | POC over last month = 0.05688 | POC over last year = 0.0715
Bollinger Bands: MA acting as resistance on daily. Near bottom band on weekly.
Trendline: On weekly connect 1/29 to 5/14.
Daily Trend: Chop (up on the day)
Fractals: UP = 0.0587 | DOWN = 0.054
On Balance Volume: Very flat in 2018. Putting OBV on top we can see that volatility is on the horizon. This is confirmed with the normal volume indicator, has been extremely low since spike in Dec of 2017. Expecting another spike in volume soon.
ADX: Daily ADX = 52 which indicates the need to range while it returns to 20 | Weekly ADX created a higher low and had a recent bearish cross. Indicates plenty of room to trend (unlike daily)
Chaikin Money Flow: On weekly it is > 0.2 and climbing fast | Bouncing sharply from -0.03 on daily.
RSI (30 setting): Bouncing off 30 on daily. Recently fell below 50 on weekly.
Stoch: Oversold on weekly, angling for a bullish cross. Recent buy signal on 3d (has been a very good signal in this bear market). If it resists 20 then it could be ready to dump hard. Approaching overbought zones on the daily.
Summary: Originally I wanted to short right now due to risk:reward provided by most recent up fractals. However I am going to hang tight due to:
Stochastic on the 3d
Daily, 3d and Weekly TD' Sequential
Stop order is set at 0.0524 to open a short as soon as the triangle breaks down. Watching for 1-4 candle correction on the daily to provide a very favorable entry. If we retest the top of the triangle then I will be opening the full position.
I haven't given up on the Adam and Eve Double BottomI know I have been focusing on other chart patterns recently while we are still inside the handle of Eve's Cup but I wanted to post this as a reminder that the A&E Double Bottom is still very much valid and I haven't thrown in the towel on it despite us dipping all the way down to $7090. As long as we see a nice bull run in the coming weeks I still firmly believe we can trigger the double bottom. Here is what it currently looks like on the 1 day chart. I also have a feeling like many of the cup and handle patterns I saw in April that the double bottom is actually the deepest part of a larger cup and handle as well. Time will certainly tell if that is indeed a valid fractal or not.