Get started

ADAM-EVE

#bitcoin - Volume further decreasing H6We are experiencing a stage that is called "Pause". Not only is this typical for an Eve-Low it can also mark a stage, before bigger movements, and this here can certainly go on for another couple of days. No reason to take any risk at the moment, although some might to start picking up on longs now, we need to keep a close eye on the development of the volume. Breaking down the $9k I would not even think anymore that $8k is THE target, even wondering if that what some of my colleagues call capitulation wick is really needed to turn the game. New monthly Pivots coming up, could bring some volatility. Remember we have seen stages like this going BOTH ways. _________________________________ Warm regards, Neru
BITSTAMP:BTCUSD
by Gl4diator
#bitcoin - Trendline and possible A&E on H6Dear Traders, even though the $8k are still fairly possible, we should not only focus on the negative. Right now we are definetely hanging around this trendline and couldn´t push through yet. The possible Adam and Eve reversal pattern is not confirmed yet, and we need to see how it develops, once it is hitting it´s neckline, we should get ready to trade with two plans as usual. Important prices are tagged. #dyor #nofinancialadvice ______________________________________ powered by MultiPivots and NeruSuite v5 Telegram @NerubicaC
BITMEX:BTCUSD.P
by Gl4diator
Ripple - Adam & EveThe Adam part of pattern is a sharp downward move, with a sharp upward move back up. I highlighted those days in red. The Eve part is the rounded bottom, which occurs afterwards, that I highlighted in green I trade positive reversals, so I would potentially be buying the bottom of the Adam section or the bottom of the Eve section. If you were shorting, you could trade near the top of the Adam pattern, right before Eve starts, if you sense that that upward move is petering out and Eve might indeed form. I never made money by blindly following patterns though. I made money when I started to understand the psychology behind the pricing action. Since no pattern is perfect, and can breakdown at any given time, it is important to know the human emotions behind the move. So here’s what I think is happening behind the scenes… The Eve part is the rounded bottom, which occurs afterwards, that I highlighted in green I trade positive reversals, so I would potentially be buying the bottom of the Adam section or the bottom of the Eve section. If you were shorting, you could trade near the top of the Adam pattern, right before Eve starts, if you sense that that upward move is petering out and Eve might indeed form. I never made money by blindly following patterns though. I made money when I started to understand the psychology behind the pricing action. Since no pattern is perfect, and can breakdown at any given time, it is important to know the human emotions behind the move. So here’s what I think is happening behind the scenes… What is the psychology behind the Adam and Eve Pattern? So for whatever reason, a stock has had a very sharp selloff: day after day, large red bars. The selloff could be because of bad earnings, good earnings that didn’t meet expectations…doesn’t matter. I don’t really care. Each day, gravity takes over and more holders throw in the towel, with each successive day printing a lower low. Along the way, maybe shorters have entered and taken positions (this accelerates the decline, since selling short is buying low and selling high, but in reverse, which on the decline here, adds to the sell orders of holders) continuing to push the stock lower. Then, one day we have a higher low. Buyers sense that the stock is way oversold. Everyone takes notice. Buyers enter the market in droves. That starts the sharp uptrend reversal as the stock snaps back. Short sellers who entered early on the downtrend close out their positions to protect their profits (more buys). Short sellers who got in a bit too late on the last leg of the down move who had expected the trend to continue close out at a loss (more buys). Finally, we reach some sort of top. The stock hesitates, doesn’t know where to go. This is the start of the Eve pattern. Now we have buyers from the bottom of Adam selling for a profit because the stock is declining again and they need to protect their profits. Short sellers again taking positions, hoping for a decline. At this point, the initial news (or whatever caused the sharp selloff:Adam) has worn off and sunk in. The market is now processing what happened and thinking a bit more rationally. There is less sharply defined fear and greed emotion. So the stock meanders down, sellers somewhat dominating and then declining towards the bottom of Adam again. At this point, buyers are now becoming more insistent, feeling confident that this is again reaching a bargain point. They also have additional confidence that at this is where prior support has shown itself before because that is the bottom of Adam, where buyers came in before. Over time, the rounded bottom of Eve forms, buyers become more confident, sellers start to dry up and it moves higher towards the price level of the entire move. Towards the top, the right-hand side of the Eve pattern, the stock could go either way: it could roar back up to new highs, or hit resistance again and head down for good.
Long
by ferGOD
1
FLXN Long PlayIf you look at my previous FLXN idea, I called the short from around $20 to $9 using classical charting techniques. I am now calling the bottom on that trade. It looks like a textbook Adam and Eve double bottom. If you analyze the tape a bit more, you can see accumulation going on in the $11-12 dollar range with anything under $11 clearly being bought back up. FLXN has some news in it's pipeline related to Zilretta being submitted to phase 3b testing which will allow it to be repeatedly used for treatment. This should significantly boost sales and they have already been looking good increasing YoY. With their earnings coming out in the next few weeks along with their roadmap being delivered on time I expect shorts to be covered in quick succession. We are approaching the right end of the eve rounded bottom and I marked a few areas of resistance clearly formed on the way down. I expect this stock to recaim it's old range highs and to ultimately set a new ATH within the next 12 months.
FLong
by GladeArchJoe
1
BTC - Adam and Eve double bottom with confirmationAs I said before, the bottom is in. I'm pretty sure of it. As you can see on this daily chart we have a perfect Adam and Eve double bottom pattern with confirmation. Does that mean we can't retrace a bit? Of course not and we should to some degree. But anybody still calling for prices below $3K is just ignoring the obvious. Here is a better explanation with examples: thepatternsite.com Full Disclosure: I'm long, staying long, and only trading in one direction - LONG! If we pull back a lot or a little guess what I'm going to do? Stay long and add to my current position. Did I mention I was LONG? :0) Good luck and don't let this FOMO scare you if you are hell bent on shorting to zero.
COINBASE:BTCUSDLong
by BitcoinBearSlayer
$BTC showing multiple bullish signs. Up to 20% PPT. Short term.$BTC has been forming adam & eve pattern for last 3 month and pattern is almost completed. As well there is a clear inverse head & shoulders formation. However keep in mind that we are still in the bear market until all major resistance lines and levels are broken. $BTC is approaching almost 1 year long descending resistance line that it will have to break in order to complete these bullish patterns (adam & eve and inverse head & shoulders). There are few controversial things to consider - bearish divergence, declining volume, 200 weeks MA that acts as resistance and others. Be very careful with this trade, set up stop loss and do not use high leverage. It's not a financial advice. Trade carefully and good luck!
BITSTAMP:BTCUSDLong
by elefante
Bitcoin 'Daily' Update - Day 338Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to succeed long term. If you fall into the majority that tries and fails then I assume no responsibility for your losses. What you do with your $ is your business, what I do with my $ is my business. Click here for my Comprehensive Trading Strategy | Click here for my Comprehensive Trading Process | Click here to learn about the 2 BTC' to 20 BTC' Trading Challenge *Using Weekly Chart* Consensio: S EMA tried to make bullish cross with M EMA and looks like it is getting rejected which is very bearish. Patterns: Phase 7 Hyperwave | Bear Channel | A&E or Bear Flag? Horizontals: Trendline: Parabolic SAR: $4,123 Futures Curve: Backwardation Funding Rates: Longs pay shorts 0.0032% BTCUSDSHORTS: Took out horizontal support and appears to be turning it into resistance TD’ Sequential: Green 5 Ichimoku Cloud: Tried to break through Tenkan-Sen but appears to be getting rejected Relative Strength Index: Has climbed from 29 to 40 without the price going anywhere. I view that as bearish Price Action: 24h: -2.3% | 2w: -4.5% | 30d: +6.5% Bollinger Bands: MA at $4,186 Stochastic Oscillator: Rallying while price is flat Summary: In the last daily update I said that: “I can’t remember the last time I felt this bullish about crypto” In 4 days I have gone from very bullish to neutral / slightly bearish. When the market flashes a bunch of bullish signals in confluence and then fails to go anywhere I take that as a very bearish sign. We got a monthly Stochastic buy signal in confluence with a weekly buy signal. That is such a rare occurrence that it should be providing a lot of demand. The 4 & 9 week EMA’s were threatening to make a bullish cross for the first time in 7 months and likewise it should have created a significant amount of demand. The futures market was in backwardation while the price was greater than the 2 week high, this is hands down one of my top two most bullish indicators. An Adam & Eve appeared to be forming on the 1D and was very clear on the 3D. The monthly TD Sequential was on a red 8. The 50 day EMA was rolling up and acting as support. The daily Ichimoku Cloud was fully bullish and acting as support. Literally all of my favorite indicators were pointing in one direction which should mean there were a ton of traders seeing the same thing and entering orders to buy. When the supply overwhelms that much buying pressure then it is something to pay very close attention to. Big moves often come after supply completely overwhelms all of the technical demand. It is a very strong indication that bears are overwhelming the bulls with ease. This is starting to feel very much like late September 2018. I am going to be staying away from entering new positions until this range breaks. At a minimum that means the blue pennant that has been drawn and even then I may want to wait until $3,200 or $4,200 falls. On the bright side this will give me some much needed time to buckle down and focus on writing the book on Hyperwaves which I am co authoring with Leah Wald and Tyler Jenks. On the other hand I will have little motivation to make new updates until this range is broken. If you don’t hear from me for a while then that is why. I might have to change the name to Bitcoin Update and remove the daily aspect. Cheers!
BNC:BLX
by Sawcruhteez
8
BTC ADAM & EVE pattern points to $5200 after breakout!BITFINEX:BTCUSD COINBASE:BTCUSD BITSTAMP:BTCUSD BINANCE:BTCUSDT BITMEX:XBTUSD KRAKEN:XBTUSD The ADAM & EVE pattern is classic one, but quite rare and only valid in long-term time-frames, in this case the daily chart! Despite being a rare figure, it is quite simple to operate and set your target. The best entry is at the neckline breach and the target is the distance between the neckline and the EVE bottom, projected upwards. Now it's time to hope that this pattern will be confirmed with a breakup in the coming days/weeks so we can surf that big wave up. Please, leave your like, it is very important to me! God bless!
BITMEX:BTCUSD.PLong
by LiuTrader
14
BTCUSD: Rejection from BestFit Support Line and Adam-Eve FailureWhile the bullish fervor may have stirred me a bit, the bullishness is definitely gone with the failure of the Adam-Eve pattern. As you can see above, I made a failed trade at the beginning of the day, small position, and a successful trade right after, large position, which made my week on a Sunday; not a bad turnaround from being deeply red, and almost stopped out, to black in about 15 minutes (A more novice me would have definitely lost all of the first trade, with a large position never-the-less, and never made a second trade). (Entertainment Only)
COINBASE:BTCUSD
by Oatrick