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 :)
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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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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So far so good :) Hope you added more ;)
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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
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Godmod indicating caution at the exact point of bull divergence