Eve
BTC (Y19.P2.E5).Adam.Eve.Accumulation phaseThis feels like a miniature version to the December\January period where we had the Adam and Eve playout (where the bottom was set) which turned to be the accumulation period.
I feel strongly that this is the same, not just because of this forming pattern but because of the following:
a) Macro level - the 30% bounce off the 0.618 fib retracement
b) The accumulation and defending of 9k. Every time it went below, it was bought up\swallowed. Then it was 9050, 9100, 9200 and now here.
c) My fib.circle and fib. channels help support this evidence > refer to my past posts.
12 K is the ultimate target for this year and slowly we will transition to another phase 2 were we will experience another parabolic curve, but that won't be the major one.
We have the major after that.
Give us a thumbs up or like if you agree or like to help support such ideas, as we all benefit.
Cheers
S.Sari \CryptoProspa
LONG - BTC - Adam&EveDouble bottom Adam&Eve in play with a nice r/r, the volume is starting to pick up and with some time we'll break this upwards.
Entry: 9091
TP 1: 9438
TP 2: 9771
TP 3: 10402
TP 4: 10761
SL: 8909
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#bitcoin - Hitting Apex, "Adam and Eve"?Good morning,
"someone" had something against the breakdown of this major symmetrical triangle and pushed the price up to the very important Apex Median of this big symmetrical triangle, that still looks very valid.
Especially after the last two spot landings on the ascending support and the reversal, the triangle looks strong. This means nothing else, then: Any break-up or down can be violent and volatile and bound to a major increase in volume.
Also, referring to the last bottom we have seen within this triangle, there is the possibility we are just witnessing another Adam and Eve bottom. The neckline is the Monthly Pivot.
I am really looking forward to the results of this entire situation around Bitcoin.
Major resistance: $10800
Major support: around $9900
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Warm regards,
Neru
BNB ADAM EVE PATTERNADAM EVE Pattern is almost going down be careful / Adam Eve pattern görünüyor. Dikkat etmenizde fayda bulunmaktadir.
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Sosyal medyadan da takip edebilirsiniz. / Lutfen begen butonuna basiniz ve takip ediniz.
Adam & Eve Backtest in process? Many chartist have speculated on the Adam & Eve bottom pattern... right now the market appears to be back testing the breakout levels of the pattern... IF it holds here above 10600 then the pattern should follow through and give us the juice to bounce out of the descending channel... HOWEVER we risk a much deeper pull back if the pattern fails and a decline to previous support around 8100 level could be tested.
#bitcoin - Bullish "Symmetrical Triangle" on 240Good morning guys,
Bitcoin is still forming the symmetric triangle on H4, which naturally has better odds to break upwards, than downwards. The targets of this symmetric triangle are similar to the max-targets of the older bullish Adam & Eve to the top and if we break this down (possibly after a false break-out) our main target would be around $10750. You would be able to see false & valid break-outs in either direction when the red marked levels on top and below the symmetric triangles are broken or declined.
Generally, this is a bullish setup, saying that Bitcoin is very famous for its surprises, thinking about possible stop-runs after break-out.
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Warm redards,
Neru
#cardano #adausdt - Failing the bullish reversalWith altcoins bleeding a lot recently, also Cardano, for now, failed to hold above the breakdown-level and is currently testing it from below. From now on we need to watch out more for a break of the 6h-Diagonal than for a potential double-bottom reversal: ADA has more down-potential until the next historical support/accumulation zone. It will be hard for ADA to turn this picture with still rising BTC Dominance.
As usual, I marked you the significant prices and also the important Pivot-Levels.
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Warm regards,
Neru
Bitcoin // Possible Adam + Eve Hello,
Beginning with the 1D chart on CME we can see the birth of Adam and Eve taking place. At the same time we can see a shooting star ready to be confirmed. This points to the possibility of printing a handle for A+E. Also a cross between the 8D MA and 21D MA is about to occur.
Below it, we find a gap. Although I believe we shouldn't wait for a gap to be filled, we can find support near it if we get a short-term dip. Or break in and fill it. A daily close below the gap can null the pattern and a triple bottom can occur, although I don't expect that to be the case. If Adam and Eve gets invalidated, a bounce at the bottom of the bull flag is highly possible.
Above it, we can confirm the pattern and continue the run above the bull flag to a target of $13,900 and beyond.
- B
12hr:
4hr:
#cardano #adausdt - Potential Double Bottom vs USDTWith Bitcoin being undecided, I am not surprised Cardano is forming something bullish at this point. We have the possibility here to see the low of a Double-Bottom or maybe also an Adam & Eve. It is a little early to say, but in case this is becoming an option, the gains are decent, even if you are rightfully waiting for a break-out. The trading & accumulation range is about 30% now, so nothing where you can set loose stops or go all-in. The first serious target would be the Monthly Pivot after breaking the H6 Diagonal.
As usual, I marked the important levels for you. Always remember, Diagonals CAN end patterns pre-maturely.
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Warm regards,
Neru
#bitcoin - In the storms eyeTaking into consideration, that Bitcoin is undecided where to go and receiving many different signals that are equal for bears and bulls, I am not trading right now. This is another "Pause" that will likely lead to a bigger move, both sides have been rejected with a slight tendency upwards last night. As I said before, the H6-Diagonal could end this bull-move pre-maturely, so far it did not really do that, it simply accepted it as border resistance. Bitcoin has overcome a breakout-level here AND is holding for now above the WW-Diagonal and the Daily-Diagonal, which gives this situation a slightly better chance to break upwards, than down. Nothing that would justify a new position now, also keeping in mind for those who are still long, that a possible max-target of the former Adam and Eve has not been fulfilled yet.
We also have a minor symmetric triangle on 15m, that will likely lead the further direction for today very soon.
Targets & Supports remain.
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Warm regards,
Neru
#bitcoin - Bears be careful ...I am not convinced that we go down from here. I know many are calling the $8k again, but I would really be careful with shorting into this. This construct that we see here, looks at the moment more like a temporary retrace to satisfy profits and short scalpers, this does not look like a typical local high. The old A&E max-neckline was accepted as support and we have a new breakout-level, we are just now trying to get back over the R1-W Pivot, also sitting on a developing hidden bullish divergence.
Targets remain. I won´t change anything for now, only if we get harshly rejected anytime soon in higher than an H4 candle formation or if we fail to overcome the R1-W Pivot.
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Warm regards,
Neru
#bitcoin - Now hitting last "H6-Diagonal" (A&E)After every single diagonal trendline resistance has been broken with no effort thanks to the Adam & Eve bullishness, the price just hits the last trendline resistance, that could end the A&E play-offs pre-mature, although Bitcoin looks very strong and I don´t really see why we should end this before max-targets. None of us knows currently, where the shorters will start to hop in and where the most targets are sitting. If you followed the development of the order books recently, you have noticed, that many resistances had sell-walls in play, that have been either eaten away like a pepper-steak for breakfast or moved higher (which is typical for a STRONG short-term-trend).
Current resistances are R2-W and the last Diagonal. Next ones coming up would be the R1-M and just after that the feared former high + the R1-Y in the area around $13k. I have labeled for you as usual.
Trade safely, set stops.
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Warm regards,
Neru