ADAM-EVE
Bullish BTC!? ADAM & EVE still forming!?Hi Guys!
As we see on this 1 D chart on Coinbase, there is a higher possibility of A&E formation playing out now. As we are holding support by the 10 D and 21 D moving averages now. Low volume weekends can ruin it though...
As everyone expects lower levels now, I still think we will pump up to at least to the 3850 areas to test the down sloping trend line.
After BTC could retest this current support, it would be a great area to go long. But BTC might break down and continue lower at least to the 3200 areas again.
Indicators are mostly neutral at the moment.
Let's see...
Happy and safe trading!
*This is not financial advice, this is only an idea. Do your own research and act on your responsibility.
Bitcoin: Adam and Eve formation showing 4450.BTCUSD is forming what looks like an Adam and Eve formation on 1D (turning neutral on RSI = 53.944 and bullish on Highs/Lows = 70.9091). What is more interesting is that it was achieved within the 1W 200 MA/EMA (drawn by hand due to cross chart conflict). This pattern suggests that a bullish target should be pursued with the distance of the Bottom to the Resistance being equal to the distance from the Resistance to the Target. Therefore that puts the TP at 4,450.
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BTC - Possible Adam and Eve bottom?Bitcoin on tight Bollingers and so far not dissolving down and defending 4k, probably gives a more bullish outlook.
In case we don´t see 3 as a Double Bottom, or maybe even lower and fall through, we might see a high probability
Adam and Eve with a neckline to break roughly around 4050. Also the 3day Stoch is quite low.
Not losing faith currently, bullish clear up is fairly within possibilities.
#QLC Adam & Eve bottomQLC Chain have here a perfect setup for 8 - 20% potential on 1h TF
- Adam & Eve bottom
- Bullish Pennant
- Hidden Bullish Divergence Inside Bullish Pennant
QLC is consolidating above 0.5 channel of pitchfork inside a pennant, flirting with 0.382 fibo and eager to go up with all this structures.
MFT - LONG - Trade OpportunityMFT Currently sitting on 0.00000074 High Timeframe price action looks like a possible A&E double bottom pattern, this play might take some time to huge profits but in the meantime we can play with the targets that we have below.
Entry: 0.00000076
Target 1: 0.00000083
Target 2: 0.00000089
Stop Loss: 0.00000069
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ZIL Reentry - A&E Double Bottom/Mainnet ReleaseIf you missed the last call for ZIL this chart is looking at the current reentry point. We have an Adam and Eve Double Bottom on the 1d chart, which has played nicely to their mainnet release that is due to be released sometime this month.
ZIL REENTRY-
BUY: 574-631
SELL:
653
676
711
754
830
STOP: 494
Adam & Eve bottom forming on $ETHBTCIt appears that Adam & Eve bottom is forming for $ETHBTC, which is a solid reversal pattern. It's a double bottom pattern characterized by the first, sharp V-shaped bottom (a.k.a. Adam), followed by Eve's rounded bottom, usually not reaching below the Adam's low.
There's also a confluence of at least three more bullish factors:
1. RSI in the oversold range;
2. RSI divergence suggesting price bottoming;
3. Price sitting above weekly support level (not shown in the chart, zoom out to see).
Expected price action in the coming days is shown in the chart, with 1st target range shown in green. However, if the pattern fails and weekly support breaks, a drop to the lower range of weekly support is expected (about 15% lower), and if that breaks there's a long way down to the next one.
Feedback and comments are very welcome. Safe trading!
Disclaimer:
This is not intended as financial advice, trading is your sole responsibility, please do your own research.
BCHSV/BTC ADAM EVE + CUP N HANDLE?The patterns are not textbook exactly but they certainly have the general shape. The handle is a little long for my liking and the A&E doesn't make a perfect double bottom as the second low is higher.
Cardano ADA - Double bottom / Adam & EveThis is the setup I am currently watching.
If this is the pattern then start laddering long orders 1008 to 1020
Stop Loss 998
XLMBTC - Adam & Eve double top?Will XLM escape from paradise? Pattern on 4H timeframe will be confirmed at previous low, but I will risk some even now. When one of the entries will get filled in, the other order will be canceled and stop loss corrected.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Could BINANCE COIN lead the way for a proper alt bull season?The $BNB 8HR is looking quite interesting..
-We are trading outside the triangle
-Adam and eve bottom
-EMAs crossing
-Price about to cross 200 EMA again
-Price forming higher lows yet the stoch RSI has almost completely reset (on 1D RSI stoch is in danger zone)
-MACD death cross (possible fake out?)/
XRPBTC 23% profits potentialDaily timeframe:
• Elliot waves theory
-Wave 1 completed
-Wave 2 complicated ABCDE correction and lasted 1 month
-Wave 3 huge and profitable
-Wave 4 simple correction and lasted few days
- Wave 5 is completing
• Stochastic bounces on 50 and crosses, only one bearish divergence but we are not overbought
• RSI indicates a bullish market, no clear bearish divergence
H4 timeframe:
• Adam&Eve double bottom, we tried an aggressive breakout that failed
• Cup&handle forming
• RSI breaks 60 level, so bullish momentum is ahead, we have resisted bearish divergence
• Stochastic divergence but seems to be ignored at the moment
Trade:
• Entry : 0.00008650
• TP : 0.00010650 (0.786 fib)
• SL : 0.00008453
• Ratio : 10.15
That's my analysis, do your own before taking any trade on that coin. If you trade, use the Livermore method, that is to say begin with 25% of the capital you want to put in, then if there's a breakout, add the rest.
If you have any questions, I would be pleased to answer, share your ideas that could be interesting to compare !
Have a nice sunday !
Daily timeframe :
[Red Apple] "What is the next movement??? "_BTC/USD_18.08.13I expected rebound and then, be blocked 20EMA on 4H. At the moment, it moves sideways.
Let's analysis BTC~
If you are busy, you can just read below briefly
'A. Briefing '
'E. Summary and Strategy'
before read, click '+Thumb up, +Follow' :-)
A. Briefing
. move sideways along with 20EMA on 4H
B. Weekly Chart
a. Candle
If there's one more bearish candle, it can be formed 'Three Black Crows' pattern.
b. EMA
20EMA will say to 50EMA soon "long time no see since Nov.2015"
c. Pattern
Adam & Eve pattern (Double bottom) -> right bottom can be dipped more -> the moment for Buy is the time when it penetrate neck-line, not now.
d. Sum.
There's no positive signal.
C. Daily Chart
a. Trend
Descending
b. Candle
possibility for Three method
c. EMA
All EMAs are in reverse order
d. Indicators
a) Hidden Bearish Divergence on CCI
b) MACD line and signal line are under '0'
c) ADX -> -DI -> +DI, ADX line is heading up -> indicate 'Bearish market'.
e. Sum.
There's no Buy signal. Many indicators are showing additional drop and even it goes up, $6500 can be resistance line shortly.
D. 4H Chart
a. EMA
All EMAs are in reverse order
b. Elliott Wave
if it falls down under $5755, Elliott waves fail.
c. Fibonacci
blocked by 0.786
d. Sum.
just following 20EMA on 4H and there's no special pattern. the most importance mission for BTC is penetration of 20EMA on 4H.
E. Strategy and Summary
High Time Frame charts show negative signal. if there's 'Dead Cross' on weekly chart, BTC can be in long period of stagnation. hope this week is reversal point. In personal, it can be dropped one more time.(if it becomes real, check my previous idea)
a. About previous briefing : keep commenting about 20EMA on 4H and it's moving along with it.
b. About this briefing :
b.1 For Aggressive Traders : Buy when it penetrate 20EMA -> take profits(1~2%) shortly($6500 can be worked as resistance line)
b.2 For Conservative Traders : wait until breakout of 20EMA and check Buy signal.
Trade Safely~~
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Also, if found something special, i will comment in real time.