Sellers Exhausted - Double Bottom in (Adam & Eve)

Adam & Eve is a kind of double bottom chart pattern where price moves down fast then quickly bounces back up at least 10% before reversing down to form the Eve. Fast bounce indicates that it is a high-demand area. Price again falls back slowly to the same low and bounces back up again in a smooth round shape. The first bottom is called Adam while the second one is called Eve. While forming an Adam you will experience high volume and Adam shape usually resembles a “V” or it can also be a quick price spike with a long wick. On the other hand, during the formation of Eve volume falls back but increases when the price again moves up and the price usually moves in small spikes in contrast with the Adam.

Feels like bears are everywhere and everyone starts to believe in the end of Bitcoin and crypto overall. Bears in control for 245 Days !

Well feels for me definetly the opposite. Let me switch the strategy.
I´m almost done buying spot but the leverage fun for mid/long term is just about to start for me. ( I´m talking about 5-10x)

Bull/long signals:
(W)eekly TD sequential is sub 9 sweaty green signal
Extended bullish divergence on Weekly
Ultra strong MA´s support ( People still talk about MA200, but forget BTC is traded 365/7. Not like stocks where MA200 is taken from)
Adam and Eve double bottom pattern on 4H Chart
Resistance - Breakout and retest just happening - CLICK HERE FOR MORE






Cheers



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