Case for adam & eve double bottom reversal on BTC
I let the charts do the talking
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After going up to 9K since the Adam and eve bottom I see this as a possible outcome to unfold
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Bear flag
Bearish divergence with volume.
RSI stoch going down on daily
Wave 2 ABC correction on elliot wave theory
Multiple imminent resistance lines
Looking at this as final push down to maybe $8200 USD.
I am shorting here, but keeping my overall long position
8000-8400 will be a great spot to buy more bitcoin
Bear flag
Bearish divergence with volume.
RSI stoch going down on daily
Wave 2 ABC correction on elliot wave theory
Multiple imminent resistance lines
Looking at this as final push down to maybe $8200 USD.
I am shorting here, but keeping my overall long position
8000-8400 will be a great spot to buy more bitcoin
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Still in play
Still in play
Trade attivo:
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