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Eveandadam

Bitcoin Bottom vs Bitcoin TopOn the left you can see the current bitcoin chart on the 12h timeframe, further confirming a bottom with an adam-and-eve chart pattern forming. It occurs after a sharp downtrend. The initial step creates a “V” shape, the Adam part. Then the price surges upwards to a neckline and then makes a round “U” shape which is the eve part. Together it’s an Adam and Eve bottom pattern. As you can see on the right, the bitcoin top created over a weekly time frame, the inverse, an Eve-and-Adam topping pattern. This is a Double Top pattern with the first top stretched by many round candlesticks that look like the letter n. The second top is pointed like an A. I hope you enjoyed my analysis, please like, comment, follow, and share to show your support and encourage me to post my thoughts.
INDEX:BTCUSDLong
by TheTraderAndy
1
Eve & Adam Double Bottom confirmation on Costco ($COST)Earlier this month, Costco made confirmation of an Eve & Adam Double Bottom chart pattern as it began seeing daily closes above the mid range between lows. This pattern indicates a fairly high probability (about 88%) of a bullish reversal relative to the sell off which from the recent all-time high (571.49) achieved on December 29th, 2021. Today, the price is within 10 points of the all-time high. I'll be looking over the coming weeks to see what happens next, and for possible positions. From here, I see one of two likely outcomes over the near term: A) COST breaks out above the previous high and likely has a forcible move to the upside, or... B) COST gets rejected from the current levels in the near term and has a pullback to somewhere around $520 In the case of A , I'll be looking to short either with a PUT spread, or potentially straight up long PUTs - which have a greater risk/reward but are enticing considering the macro picture of the broader market/economy as a whole. In the case of B , I'd shop for a long position with some kind of CALL spread. The statistics indicate that track B has about a 2/3 chance of playing out. This could be even more advantageous because it could potentially offer both decent long and short opportunities over the next few months. We'll have to see where the chips fall.
NASDAQ:COSTLong
by InnerMotionTrading
1
BTCUSDT - LAST LEG UP TO ALL TIME HIGHS - 80K+ [2022]Long term up trend was broken @ 24,295 Grabbed support @ 29.2k then bounced to ATH's Sort of looks like a double bottom currently on this new trend line that was once resistance and broken @ 19.7k. Double bottom (Eve & Adam which is a higher low DB) isn't yet confirmed, will need to close green above 45.8k on the weekly. If confirmed the completed db pattern will test it left leg @ 67.5k, from there ATH's will be tested, not 100% positive we will reach above 69k but 67k - 70k will be tested for sure if DB is confirmed. KEY notes: $38,8xx - btc has broke and bounced off this price area before reaching 69k ATH ! on july 26, 2021 currently we are hovering just below that price range and on this weeks candle close, if we close above this price specifically $38,888, history will repeat it self. currently in a strong up channel making HIGHER LOWS! respecting the up channel trend lines. Price action also is getting smaller and smaller and seems to be reacting to a rising wedge closing in right above 70k area. Currently at a low, which will probably test the next high before crashing to LOWER LOWS! which indeed will bring btc to 70k+ for its last leg UP. if this weeks candle closes above previous star wick @ $40,348 this will be a morning star candle pattern which will give us a run up and confirming the potential double bottom pattern (Eve & Adam aka H/L DB) - and DB pattern will test its left leg down coming from 69k !
Long
by exe393
5
UPDATE for $BRDBTC rounded bottom ideaSo this is an update on the linked idea for BREAD $BRD coin paired to $BTC. For this very small cap coin I'm expecting it to play out in months if not a few years (check up on original idea) and so I'm currently holding a big bag at my own risk. As we know, crypto can be very risky so I don't rule out that this idea can stretch out longer or even lose interest during a bearmarket, but I'm betting on bullish for the long term. So within the High Time Frame idea it would be interesting to point out this Eve & Adam double bottom pattern on a 3 day timeframe which suggests a confirmation line around 880 sats. for a 2x from where it's sitting at the time of this update and a 4x after measured move completes. Projecting a time period for this idea can be sketchy because of BTC influence but I think within a year or so I should get a 4x from todays price, target approximately 1400 sats.
BLong
by AponSOKS1978
6
BTC Eve and Adam suggest one is forming on ETHBTCI got a scratching in my head again when looking at the ETHBTC chart and it was beginning to resemble the bitcoin chart and a bit more tinkering has resulted in this post. I see myself doing a couple of editions of this basic concept over the next couple of days. The fib levels show that BTCUSD had a more powerful move as BTC was able to reach the 0.786 Fib retracement level and ETHBTC did a good showing of breaking 0.618 before getting rejected. It is a bit to early to guess now, but that could mean that ETHBTC may not reach the full 1.618 fib extension on its upleg if the Eve and Edam pattern develops and we may have to settle of a mere 1.414 extension. Likewise, the very bullish Eve and Adam had a higher low on the Adam. No guarantee that the Adam low will be lower or higher than the eve on ETHBTC at this point. Quick reminder on Divergences Normal Divergence (Trend Reversal) Bearish: Higher highs on price action but lower highs on the indicator Bullish: Lower lows on price action but higher lows on the indicator Hidden Divergence (Trend Continuation) Bearish: Lower high on the price action and higher highs on the indicator Bullish: Higher low on the price action and a lower low on the indicator The BTCUSD high on the main chart looks a bit deceptive on the log scale, in part because that 90% move doesn't look that impressive. Below it makes things a bit clearer were I focus more on the Eves and not a wider picture. BTCUSD has a technical double top from the weekly candle bodies from the beginning of 2018 to the middle of 2019 and the divergence tore the uptrend to pieces. I also was torn to pieces looking for a short entry too soon and not just being patient and buying the dip. By the time the dip fell to my level I was so pissed off at myself I didn't buy crypto, I had been too burned out on it. ETHBTC is off to the left and the hidden bearish divergence is much clearer. There can be some considerable chop over the next six to nine months as everything comes to order. I called the top on BTC when everyone else was looking for upside continuation and I still remain steadfast on my downside targets on BTCUSD reaching around 14-16k until such time as the 20 week SMA is no longer acting as resistance. So I am operating under the assumption that ETH will fall faster than BTC and perhaps BTC will recover quicker as well and then ETH will have a huge run, appreciating 10x against BTC from its current position. I also called the local top in 2019, but as I mentioned, shorted to soon, repeatedly, and it burned me. I developed my stop and short strategies a bit since then so I may give it another college try in the future. My linked idea from August 2019 is one of my most frustrating ones because, despite the chop it reached my long term target and I tore my account to pieces. I suspect with patience ETHBTC will reach the box below around 0.019 to 0.023. My recent idea on BTC has some target setting for BTC any my target setting for eth is along the same lines (Below the monthly Keltner channel).
Short
by This_Guhy
DAX30 Potential Eve and Adam Double BottomWe have achieved our medium-term target at 12.000. Supportive - easing - monetary policies of the major central banks may cause another bullish retracement in indices shorter term. - The FED, RBA, BoC, BoJ, ECB- Breakout of the neckline can be used as a buying opportunity. Note: The FED's rate cut does not mean anything by itself if not supported by the repo and swap operations. Medium-term, it is just a needle to bubble. Good Luck
OANDA:DE30EURShort
by chartreader_pro
$GGALNASDAQ:GGAL muestra varios patrones entre ellos un lindo Eva y Adan cerca de confirmarse en caso de que cierre el gap faltante hasta el 0 del retroceso de Fibonacci en 37,72. Target en caso de confirmarse sería: 37,72+((37,72-18,3)*0,66)=50,28. Este valor coincide con el cierre de los días 10 y 11 de junio del año pasado. Hay que esperar a que cierre en los próximos días para confirmar este patrón. Junto con este patrón, agrego sobre el período de febrero un HCH que generó la caída hasta 25,7 coincidente con el 0,618 de Fibonacci
NASDAQ:GGALLong
by TradingToro