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Eve

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. Please like, share and comment. Twiiter: twitter.com Telegram: t.me
BITMEX:XBTLong
by setrader33
#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. _____________________________________________ Warm regards, Neru
BITSTAMP:BTCUSD
by Gl4diator
2
#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. ______________________________________________ Warm regards, Neru
BITSTAMP:BTCUSD
by Gl4diator
1
#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. ____________________________________________________ Warm regards, Neru
BITSTAMP:BTCUSD
by Gl4diator
1
#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. __________________________________ Warm regards, Neru
BITSTAMP:ETHUSD
by Gl4diator
#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. ____________________________ Warm regards, Neru
BITSTAMP:LTCUSD
by Gl4diator
4
#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
TRXBTC not looking as bullish as TRXUSDIt appears we will bullishly trigger/break an adam and we've double bottom pattern on the daily on the trxbtc chart however we must keep in mind tha since we recently had a deathcross on this chart more losses against btc are anticipated after it hits its breakout target. I assume it will get rejected back down from the 1day 200ma resistance and be bounced back and forth between it and the 1 day 50ma(in orange) as support a couple times before breaking under and hopefully forming a higher low...if it ends up forming a lower low more loss against btcs value at that time will be probable. I do see it likely it can reach the breakout target in the meantime however. If somehow it continues up then we may have a deathcross fakeout on our hands which given the current overall sentiment of the crypto market in generally is much more probable than it would normally be. until we see evidence of a death cross fake out though we must put the downside as probabilities preference. My guess is a quick typical tron pump and dump due to an announcement of an announcement from Justin Sun. It can be a rewarding ride though if you time your entrance and exit right. *not financial advice* Thanks for reading.
by DrDovetail
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