Hello traders, investors, bears & bulls and all you newcomers
Today I would like to share with you Educational TA. The chart shows possible Adam & Eve doubble bottom pattern forming as title says
The Adam & Eve double bottom is a chart pattern that performs best in a bear market.
Double bottom pattern which occurs when price drops to a low and forms a valley, rises, and then forms a second valley near or at the same price as the first one. The shape and average price rise action of the double bottom can vary from pattern to pattern.
Adam bottoms are narrow, often one-day price spikes. Eve bottoms are wider and more rounded looking. Eve bottoms may also contain price spikes, but they tend to be shorter and more numerous.
more in the TA
Hope you find this info helpfull :)
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Godmod indicating caution at the exact point of bull divergence
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Would like to mention that there is hidden bull divergence between the Adam & Eve on the weekly chart
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So far Shes looking good :) (Eve)
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We had today nice retest and small bounce on the EVE rounded bottom line
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Now closing this 4h candle could give us 1. confirmation
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Trade ist aktiv
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So far so good :) Hope you added more ;)
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Trade wurde manuell geschlossen
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After these bullish days I´m taking some profit here on my red resistance line and watching for re-entry in highly likely upcoming pullback
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Reworked EVE line
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If you want "safe" trade wait for the backtest of the breakout line
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Because shorts are increasing. Im watching for a pull back and line retest.
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BTC kissed the green trendline. I´m expecting formation of another higher low here
Even if you pass confirmation 1 you have a very strong resistance in 50D MA (confirmed trend with 3 points). Thats the real barrier that will confirm a bull reversal. (2014 was the same MA)
majorlee
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looks like EVE is going to help form a holy grail cup and handle!
StoneLuv
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I have pretty much the same thing, just from a different perspective. Wish I had seen it forming sooner. What do you think?
StoneLuv
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a move down maybe to the 50 and 300 before a bounce back to test the 128 and 200.