ADAM-EVE
#bitcoin - Hitting Apex, "Adam and Eve"?Good morning,
"someone" had something against the breakdown of this major symmetrical triangle and pushed the price up to the very important Apex Median of this big symmetrical triangle, that still looks very valid.
Especially after the last two spot landings on the ascending support and the reversal, the triangle looks strong. This means nothing else, then: Any break-up or down can be violent and volatile and bound to a major increase in volume.
Also, referring to the last bottom we have seen within this triangle, there is the possibility we are just witnessing another Adam and Eve bottom. The neckline is the Monthly Pivot.
I am really looking forward to the results of this entire situation around Bitcoin.
Major resistance: $10800
Major support: around $9900
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Warm regards,
Neru
BNB ADAM EVE PATTERNADAM EVE Pattern is almost going down be careful / Adam Eve pattern görünüyor. Dikkat etmenizde fayda bulunmaktadir.
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Sosyal medyadan da takip edebilirsiniz. / Lutfen begen butonuna basiniz ve takip ediniz.
Adam & Eve Backtest in process? Many chartist have speculated on the Adam & Eve bottom pattern... right now the market appears to be back testing the breakout levels of the pattern... IF it holds here above 10600 then the pattern should follow through and give us the juice to bounce out of the descending channel... HOWEVER we risk a much deeper pull back if the pattern fails and a decline to previous support around 8100 level could be tested.
#bitcoin - Bullish "Symmetrical Triangle" on 240Good morning guys,
Bitcoin is still forming the symmetric triangle on H4, which naturally has better odds to break upwards, than downwards. The targets of this symmetric triangle are similar to the max-targets of the older bullish Adam & Eve to the top and if we break this down (possibly after a false break-out) our main target would be around $10750. You would be able to see false & valid break-outs in either direction when the red marked levels on top and below the symmetric triangles are broken or declined.
Generally, this is a bullish setup, saying that Bitcoin is very famous for its surprises, thinking about possible stop-runs after break-out.
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Warm redards,
Neru
#cardano #adausdt - Failing the bullish reversalWith altcoins bleeding a lot recently, also Cardano, for now, failed to hold above the breakdown-level and is currently testing it from below. From now on we need to watch out more for a break of the 6h-Diagonal than for a potential double-bottom reversal: ADA has more down-potential until the next historical support/accumulation zone. It will be hard for ADA to turn this picture with still rising BTC Dominance.
As usual, I marked you the significant prices and also the important Pivot-Levels.
__________________________
Warm regards,
Neru
Bitcoin // Possible Adam + Eve Hello,
Beginning with the 1D chart on CME we can see the birth of Adam and Eve taking place. At the same time we can see a shooting star ready to be confirmed. This points to the possibility of printing a handle for A+E. Also a cross between the 8D MA and 21D MA is about to occur.
Below it, we find a gap. Although I believe we shouldn't wait for a gap to be filled, we can find support near it if we get a short-term dip. Or break in and fill it. A daily close below the gap can null the pattern and a triple bottom can occur, although I don't expect that to be the case. If Adam and Eve gets invalidated, a bounce at the bottom of the bull flag is highly possible.
Above it, we can confirm the pattern and continue the run above the bull flag to a target of $13,900 and beyond.
- B
12hr:
4hr:
#cardano #adausdt - Potential Double Bottom vs USDTWith Bitcoin being undecided, I am not surprised Cardano is forming something bullish at this point. We have the possibility here to see the low of a Double-Bottom or maybe also an Adam & Eve. It is a little early to say, but in case this is becoming an option, the gains are decent, even if you are rightfully waiting for a break-out. The trading & accumulation range is about 30% now, so nothing where you can set loose stops or go all-in. The first serious target would be the Monthly Pivot after breaking the H6 Diagonal.
As usual, I marked the important levels for you. Always remember, Diagonals CAN end patterns pre-maturely.
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Warm regards,
Neru
#bitcoin - In the storms eyeTaking into consideration, that Bitcoin is undecided where to go and receiving many different signals that are equal for bears and bulls, I am not trading right now. This is another "Pause" that will likely lead to a bigger move, both sides have been rejected with a slight tendency upwards last night. As I said before, the H6-Diagonal could end this bull-move pre-maturely, so far it did not really do that, it simply accepted it as border resistance. Bitcoin has overcome a breakout-level here AND is holding for now above the WW-Diagonal and the Daily-Diagonal, which gives this situation a slightly better chance to break upwards, than down. Nothing that would justify a new position now, also keeping in mind for those who are still long, that a possible max-target of the former Adam and Eve has not been fulfilled yet.
We also have a minor symmetric triangle on 15m, that will likely lead the further direction for today very soon.
Targets & Supports remain.
______________________________
Warm regards,
Neru
#bitcoin - Bears be careful ...I am not convinced that we go down from here. I know many are calling the $8k again, but I would really be careful with shorting into this. This construct that we see here, looks at the moment more like a temporary retrace to satisfy profits and short scalpers, this does not look like a typical local high. The old A&E max-neckline was accepted as support and we have a new breakout-level, we are just now trying to get back over the R1-W Pivot, also sitting on a developing hidden bullish divergence.
Targets remain. I won´t change anything for now, only if we get harshly rejected anytime soon in higher than an H4 candle formation or if we fail to overcome the R1-W Pivot.
_______________________
Warm regards,
Neru
#bitcoin - Now hitting last "H6-Diagonal" (A&E)After every single diagonal trendline resistance has been broken with no effort thanks to the Adam & Eve bullishness, the price just hits the last trendline resistance, that could end the A&E play-offs pre-mature, although Bitcoin looks very strong and I don´t really see why we should end this before max-targets. None of us knows currently, where the shorters will start to hop in and where the most targets are sitting. If you followed the development of the order books recently, you have noticed, that many resistances had sell-walls in play, that have been either eaten away like a pepper-steak for breakfast or moved higher (which is typical for a STRONG short-term-trend).
Current resistances are R2-W and the last Diagonal. Next ones coming up would be the R1-M and just after that the feared former high + the R1-Y in the area around $13k. I have labeled for you as usual.
Trade safely, set stops.
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Warm regards,
Neru
ADAM AND EVE FORMATION DON'T MISS THIS it seems like there is an adam and eve pattern forming.
this would bring up the price to 13k in the short-term.
possibly all time highs if all goes well.
stay safe.
not financial advice.
BTCUSD Adam & EveI'm not the first to post this (@IAmSatoshi was the first I saw).
A break of 11k confirms the A&E and sets the target to 13k. Still has to deal with 10.6k tho, which should give us some hints about how serious BTC is about this breakout.
First support 10.2k.
Adam and EveI will be the captain of evidence, I see the figure "Adam and Eve" for 1 day. After retesting the line indicated on the graph, it is possible to rise to the zone indicated on the graph.
Revain (R) possible Adam & Eve reversalSeems we are having a double bottom in R with an Adam & Eve pattern.
#bitcoin - A&E-Neckline within reach for the next two days.After we have seen a steady rise, the neckline comes into eye-sight, which will roughly be resistance between $10750 and $10900. At that point will be decided if we are bearish or if we are bullish. Not much more to say today. Marked the important levels as usual.
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Warm regards,
Neru
XBT Adam Eve Pattern !! 16,000$ mark confirmed?Adam Eve pattern is often seen at the market bottom, here the classical formation of this pattern shows the market is quite bullish
Moreover, 3days golden cross played out which shows a strong uptrend, however, on the weekly side market has not touche the 21 day EMA which makes the possibility for the downside along with the gap remaining in CME futures.
Now it's going to be weekend time so do expect long spikes, with strong fundamentals news, in coming days if it breaks the 12,000 $ mark we will son see 16000$.
Many Vip members open short here but due to stop-loss about 10,200$ we have seen market touched 10,400 within minutes.
Hope this pattern plays out well.
NOTE- DYOR before investment, this chart is for educational purpose only.
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Bitcoin Adam and Eve bottom?Bitcoin seems to have created an almost perfect Adam and Eve bottom.
The target for this one would be at 13k after breaking 11.15k to confirm.
#bitcoin - Daily Pivot & Weekly Pivot SupportsAs mentioned yesterday, we are not out of the woods yet. Currently, the Daily Pivot is working as support followed by the Weekly Pivot in case this fails, which can fairly happen. We are at resistance now accumulating beneath it, which is normal and not worrying me by now. I have marked my bearish levels when I would start to rethink the bigger picture, so far no reason for that. We are still on track. "H6" Eve remains unchanged for now.
I am not going to set targets for today as I am not sure if the market has any power right now to move on to next Pivot Levels. Might take a little.
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Warm regards,
Neru
#bitcoin - Attacking Weekly Pivot "H1"A very important hurdle for the potential reversal. Today, the Weekly Pivot and the Daily R1 are presenting a big hurdle for Bitcoin to overcome. On the One-Hour, we see slightly rising volume, higher highs, and higher lows, two broken trendlines and new Support. If we manage to bypass the W-P, thinking how an Adam and Eve is "working", I would not expect a mega jump rather a slow steady rise probably until $11k until we will greet another important resistance.
All this is crucial for the long-term growth of Bitcoin, if this is working out we might manage to avoid a long period of a side-trend.
$8k remains bearish medium-target.
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Warm regards,
Neru
#bitcoin - The Escape, delayed by SMA200 and Weekly Pivot "H1"Alright, after breaking the last trendline upwards, the expected hurdle of the Weekly Pivot + SMA200 bundle of joy in the one-hour timeframe is now on. Don´t get impatient, this is a very important step to further healthy growth. Bitcoin needs to get over this first before creating steadily growing demand & therefore volume.
Stay safe, don´t get #Fomo, always set stops.
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Warm regards,
Neru
#ethusd #ethereum - Holding up for now ("D")Very similar picture for ETH as for BTC and LTC. The Leadline is currently still protecting ETH from a drop and also here a potential Adam and Eve Bottom is coupled with decreasing volume and pausing.
Ethereum is just sitting below the new weekly Pivot Point which is certainly the level to break around $213 if there is going to be upwards reversal and a continuation of the recent bullish trend. Also here breaking down this Leadline would not be considered bullish ;-)
Even though my gut tells me we are bullish, I learned the hard way, that my gut is not allowed to have an impact on my trading decisions.
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Warm regards,
Neru
#litecoin #ltcusd - Will it move first? 3D and H6Litecoin is the only one of the typical altcoins that can trigger movement, that has reached the former breakout-level as support. Same patterns as Bitcoin, and Ethereum. I am closely watching this Chart, on 3D it is clearly visible, that we should not break this former levels downwards, on H6 it looks also like a potential Adam and Eve that is pausing right now. Also here, no reason to take any pre-mature risks on this uncertainty and decreasing volume.
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Warm regards,
Neru
