BitcoinLong
Adam and Even Double bottom
Updated
I see an Adam and Eve Double bottom, which is indicative of a trend reversal. We have been on a downtrend for quite some time.
We needed to correct from that crazy run we just had. Think about it, people were buying BTC just because they thought they could get rich off of it, and had NO idea what it was / how to use it. With continued positive news, I see this taking off again. We will be accumulating for quite some time
Interesting to note within the eve, there is a double eve bottom, which also has significantly decent success rate. For that, you can already see how the market reacted (huge breakout) once we got above the midline
Also looks like we are forming a HUGE cup and handle on the one day. If we see some more sideways movement next few days, that would help push this pattern into fruition.
Not FA.
We needed to correct from that crazy run we just had. Think about it, people were buying BTC just because they thought they could get rich off of it, and had NO idea what it was / how to use it. With continued positive news, I see this taking off again. We will be accumulating for quite some time
Interesting to note within the eve, there is a double eve bottom, which also has significantly decent success rate. For that, you can already see how the market reacted (huge breakout) once we got above the midline
Also looks like we are forming a HUGE cup and handle on the one day. If we see some more sideways movement next few days, that would help push this pattern into fruition.
Not FA.
Note
For Future Reference:June 2018 Target 9,700 - 13,000
EOY 2018 Target -18,000
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.