Adamandeve
A Rising Wedge Appears; A&E Dbl Bttm Continuing to Fill OutWe now have 2 consecutive weekly candle closes above the falling wedge which should trigger its breakout shortly. We can see the 4hr adam and eve double bottom pattern is still filling itself out rather nicely as well...both very bullish signs....however we can also now see that a potential rising wedge (in grey) is starting to take shape on the 4hr chart as well which if confirmed will eventually lead to a bearish breakdown...we also have 2 gaps that haven't been filled on the CME futures charts yet: 1 at 8.8k and one at 11.8k. My thought is that we will likely fill the 11.8k one first as we confirm the breakout of the falling wedge, the adam and eve double bottom and climb our way up the grey falling wedge...for the sake of continuing the bull market we need to continue up anyways to at least 12.4k before reversing the trend back downwards that way we can break the lower high/lower low pattern with a daily higher high. We also currently have 8 consecutive closes above the 1 day 50ma(aka buy/sell line) right now too which puts us in a buyers market and adds yet another bullish signal in the short term. We can also see some bullish confluence with the apex of the rising wedge and the 12.8k breakout target of the falling wedge. my guess is 12.4k-> 8.7-8.8k -> 13.9k ->11-12k ->19.9k -> 14k -> new ATH. That's all just speculation though and will likely pan out much differently. Lastly I wanna give credit to TV mainstay Sarged for 1st spotting the rising wedge...he's usually pretty on point at spotting wedges. Thanks for reading and good luck *not financial advice*
BTCUSD Adam and Eve Formation | Double Bottom ! Hello Traders!
Today’s chart update will be on Bitcoin’s recent developments, a potential bullish formation, an Adam and Eve bottoming is playing out... We also have a visible double bottom within this formation.
Points to consider,
- Trend Consolidating after initial bull move
- Support is found in the green zone
- Local resistance is at the $9,700 area
- Stochastics currently trading neutral
- RSI respecting trend line
- EMA’s supporting price
- Volume has tapered off
- Technical target in confluence with local top
After recent pump in bitcoin’s price, it has been consolidating above the $9,000 price, which is very bullish. Adam was formed by a V-Shape recovery and Eve is currently being formed by a rounded bottom, this technically is a bullish formation, a pattern that needs to break resistance for confirmation.
Support is found in the green zone, price has tested this area twice, putting in a potential double bottom within a bullish formation. Local resistance is found at the $9,700 area, this is a key area in the bullish formation, and it needs to break for a confirmation and a continuation in the overall trend.
The Stochastics is currently trading neutral, is has stored momentum in both directions. We need to see more signs to determine where the stochs are headed. The RSI however is respecting its trend line; it needs to hold for Eve’s rounding bottom to complete.
The EMA’s similarly to the RSI needs to hold price as support to complete Eve’s rounding bottom as it comes into local resistance. Volume is very important to watch if and when price testes local resistance. We need to see an influx of bull volume upon breakout; this will complete and confirm the bullish formation.
Overall, IMO, this Adam and Eve pattern will come to fruition if the EMA’s successfully hold price as it comes into resistance. A break needs to be backed by bull volume to avoid the chances of a false break. The technical target for this Adam and Eve formation aligns perfectly with the local top…
What are your thoughts?
Please Leave a like and comment
And remember,
“Dangers of watching every tick are twofold: overtrading and increased chances of prematurely liquidating good positions” – Jack Schwager
LONG - BTC - Adam&EveDouble bottom Adam&Eve in play with a nice r/r, the volume is starting to pick up and with some time we'll break this upwards.
Entry: 9091
TP 1: 9438
TP 2: 9771
TP 3: 10402
TP 4: 10761
SL: 8909
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LONG - WAN - Trading OpportunityNice bottom consolidation forming an Adam&Eve, expecting something close the previous high.
Entry: 0.00002523
TP 1: 0.00002797
TP 2: 0.00003067
TP 3: 0.00003689
SL: 0.00002378
CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position.
CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance 1.71% whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgement sums (including interest thereon).)
Crude Oil: Double Bottom and Bearish Bat My Crude Oil Trading Strategy: Sell the throwbacks
Lack of demand. The slowdown in global economies.
If there is no demand, the supply part of the game loses its importance.
Even the drone attack on Aramco facilities could not send the prices above 63$.
Trade talk optimism and tanker attack helps Oil prices to recover near term – Just a technical correction-
Levels to sell as described in the chart
#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
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
4 big bullish patterns about to breakout rube goldberg style?the way all these bullish patterns( from various time frames) are currently clustered together if one triggers it will probably set off a chain reaction that triggers them all. . .there's a 5th pattern that it could lead to i triggering too on the weekly chart. A weekly cup and handle that's harder to identify on this chart unless you zoom it out and/or switch to the weekly time frame. It's hard not to be bullish looking at all of this but currently we still don't yet have confirmation so I must be poised for any potential fakeouts even though probability favors a bullish breakout. patterns shown here is the 3hr chart purple diamond/symmetrical triangle pattern. The Green 1 day bull flag and the much larger 1 day chart yellow symmetrical triangle the 1 day pink and blue adam and eve double bottom and then the pink and white weekly cup and handle which needs zoomed out to see fully.
BTT/USD Bullish!BTT has a long bullish divergence that has dragged us and brought the price action in a channel where no matter what is going to go over the Ichimoku cloud as EMA200 is madly in love with the price action. this is for Greg, he loves BTT, let's see if BTT loves him back!
Adam Made Eve Parabolic! The Rsi will soon to go over 83.45.
EMA 200 is the support and we are out of the Ichimoku cloud with legging span over the cloud giving it a parabolic behavior.
the diagonal resistance since the 26th of June and 10th of July has been broken.
Cheers.
#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.
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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.
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Warm regards,
Neru
BTC/USD Bullish ScenerioFor anyone interested in chart patterns there's a pretty decent looking Adam & Eve formation happening on the BTC/USD chart. Currently at resistance around 10.8k waiting for a strong move up to confirm the pattern. Expect price to make it to 11.5-11.8k region and with enough profit taking to bring price back down to test the horizontal resistance at 10.8k and into the ideal entry box. Either wait for signs of the resistance to turn into support or throw some bids around in that area.
*If you're looking at this as just a cup & handle formation and pullback from here to 10.2-10.4k would be the ideal entry.
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This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
#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
BTCUSD D1 chart (8/5/2019)Good morning, traders. Bitcoin has continued pushing higher this past weekend, ultimately marking $11860 on Coinbase before stalling out in supply. This is also the flag resistance and the median of the Andrews Pitchfork pulled from the July 17th swing low, July 20th swing high, and July 28th swing low. A pullback at this point shouldn't surprise anyone, but if we want the double bottom target to remain valid, then we don't want to see it break below the blue zone. However, price does not HAVE to pullback at this time. The H1 Stoch RSI has already reset more than 50% and the H4 Stoch RSI, while high, still has room to continue higher before attempting a reset.
The target based on the height of the descending wedge is $13465 while the Adam and Eve double bottom target is $13150. The D3 and weekly charts appear to have confirmed their 2-month-long hidden bullish divergence with both TFs having a lot of room to run, comparatively, in their RSI and Stoch RSI. The weekly candle closed extremely bullishly, engulfing the previous two and a half weeks worth of candles. Price has moved bullishly above the daily pivot. Stoch RSI is topped out on the daily but, as we know, can remain that way for a while as price continues to push higher. Daily RSI is only at 64, so it has a lot of room to run. While daily volume isn't significant in comparison to what was seen at the beginning of this corrective leg, it is expanding relative to where it was prior to this move up and candle spread is increasing, which is what we want to see.
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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.
