BTC | Potential Adam and Eve pattern complete by EOY
BTC has been ranging for a while now on the lower spectrum. Reaching up towards 22000 and down to 17000.
On the weekly timeframe there is a clear and complete 'adam' formation, with a deep bottom on red volume. Since them the 'eve' has been in the making. If the pattern can complete, a breakout to the upside is most probable.
If the second bottom fails, the pattern is invalidated.
We recommend to keep the proper position sizing and setup the stop loss.
Good luck
On the weekly timeframe there is a clear and complete 'adam' formation, with a deep bottom on red volume. Since them the 'eve' has been in the making. If the pattern can complete, a breakout to the upside is most probable.
If the second bottom fails, the pattern is invalidated.
We recommend to keep the proper position sizing and setup the stop loss.
Good luck
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