Reverse Adam and Eve pattern could be emerging on Bitcoin
I have inverted the scales so it's easier to see this pattern. The target is calculated from the tip of Adam to the neckline, if we should break out from neckline, which is around 7050, we could be seeing 6.4k retested soon. The declining volume is also indicating a massive breakout, if there's going to be one soon, I think it should be this one.
Note
Some people might see there a head and shoulders pattern. Nevertheless, the target is the same.Note
It was a bear trap after all, but it was possible to trade this if you know what you're doing
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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.