Hello traders,
investors, bears & bulls and all you newcomers
Today I would like to share with you Educational TA. The chart shows possible Adam & Eve doubble bottom pattern forming as title says
The Adam & Eve double bottom is a chart pattern that performs best in a bear market.
Double bottom pattern which occurs when price drops to a low and forms a valley, rises, and then forms a second valley near or at the same price as the first one.
The shape and average price rise action of the double bottom can vary from pattern to pattern.
Adam bottoms are narrow, often one-day price spikes.
Eve bottoms are wider and more rounded looking. Eve bottoms may also contain price spikes, but they tend to be shorter and more numerous.
more in the TA
Hope you find this info helpfull :)
investors, bears & bulls and all you newcomers
Today I would like to share with you Educational TA. The chart shows possible Adam & Eve doubble bottom pattern forming as title says
The Adam & Eve double bottom is a chart pattern that performs best in a bear market.
Double bottom pattern which occurs when price drops to a low and forms a valley, rises, and then forms a second valley near or at the same price as the first one.
The shape and average price rise action of the double bottom can vary from pattern to pattern.
Adam bottoms are narrow, often one-day price spikes.
Eve bottoms are wider and more rounded looking. Eve bottoms may also contain price spikes, but they tend to be shorter and more numerous.
more in the TA
Hope you find this info helpfull :)
Note
Godmod indicating caution at the exact point of bull divergence
Note
Would like to mention that there is hidden bull divergence between the Adam & Eve on the weekly chartNote
So far Shes looking good :) (Eve)Note
We had today nice retest and small bounce on the EVE rounded bottom lineNote
Now closing this 4h candle could give us 1. confirmationNote
Note
Trade active
So far so good :) Hope you added more ;)Note
Note
Trade closed manually
After these bullish days I´m taking some profit here on my red resistance line and watching for re-entry in highly likely upcoming pullback Note
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Reworked EVE lineNote
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If you want "safe" trade wait for the backtest of the breakout line Note
Because shorts are increasing. Im watching for a pull back and line retest.Note
BTC kissed the green trendline. I´m expecting formation of another higher low here 
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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.
Anonymous investor teaches how to master the game towards PERSONAL GRADUAL GROWTH4FREE
IF YOU LIKE MY WORK, THEN PLEASE CONSIDER GIVING A THUMB UP TO SUPPORT ME & hit follow so you dont miss any of my new ideas.
Thanks
IF YOU LIKE MY WORK, THEN PLEASE CONSIDER GIVING A THUMB UP TO SUPPORT ME & hit follow so you dont miss any of my new ideas.
Thanks
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.