rev 2: bitcoin prediction HnS failing pattern forming 2/2 This was the smaller potential HnS pattern from my original post yesterday (July 22, 2018) in easier to use than the comment I left yesterday...
This is purely speculative and another pattern could form like inverse AnE (iAnE) instead if we get a pop up towards 7800 and possibly even towards 8200 soon....
ANE
BTCUSD - The Anatomy of an EveOf 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.