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Manifested
Mar 20, 2018 12:10 AM

Adam and Eve double bottom for BTC 做多

(BTCUSD+BTCUSD+BTCUSD+BTCUSD)/4Kraken

描述

Now I am not suggesting this is the most likely outcome, I'm just posting this to track the possibility of a larger scale Adam and Eve double bottom, which BTC tends to be a fan of. This would provide a scenario in which this bear run bottoms out without explosive volume, as was seen in the $5900 bottom in February. Volume matches as well, usually higher in the formation of the left cup. The right cup, or Eve does not usually form new lows, and in my experience BTCUSD tends towards 0.5 and 0.618 fib retraces. Confirmation would be on breakout above resistance ($11,500) on high volume.



Reference:
thepatternsite.com/aedb.html

评论

Could still happen. Sideways action -> recovery.

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Looking better by the day...
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Johnnysharp
Any new thoughts on BTC?
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