BTC Potential Double Bottom Reversal

5 Nis 2018

BTC is nearing a potential Double Bottom Reversal pattern (Adam & Eve). A price of 6643.50 brings BTC within the allowable 3% price difference for the validity of this pattern. Resistance will need to be broken midway and at the top, leading to a pullback above the high of the middle peak, then continuing to rise above the new high.

5 Nis 2018

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5 Nis 2018

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Early this morning ^^^
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Below is now...

5 Nis 2018

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5 Nis 2018

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5 Nis 2018

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Indecision Dojis


A clearer view of the candles and indicators


RSI consistent with indecision


Elliot Wave Oscillator, MACD, and MACD Histogram curling and ticking up...

6 Nis 2018

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BTC Daily Chart with MACD, and MACD Histogram


Follow the white lines


This Daily chart shows the RSI rising within a wedge


Pattern recognition...


!4:09 EDT Forming Red Doji, preceded by a red doji...


19:33 EDTRed Doji turned Green and a new green doji forming...


Indecision candles now on the 5 Min...

6 Nis 2018

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Getting tighter...

6 Nis 2018

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The massive Bear Flag...


Broke for a $268 drop...


...that was bought right up

6 Nis 2018

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6 Nis 2018

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6 Nis 2018

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A drop is necessary

6 Nis 2018

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7 Nis 2018

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7 Nis 2018

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7 Nis 2018

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7 Nis 2018

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Look at the size of that wick on the 5 minute chart (right)...bears attempted to bring BTC below VWAP, and the bulls were not having it. Wicks like that are very telling...looking at the 4hour (chart on left) they were telling everyone that the price was not going below 6500 any time soon.

7 Nis 2018

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The following charts are Daily:


MACD and MACD Histogram


MACD and Signal line curving up


Elliott Wave Oscillator ticking up


RSI rising


MACD Histogram...what comes next?

7 Nis 2018

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7 Nis 2018

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8 Nis 2018

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Still on track...


Wave 1 of 3 complete...currently in 2 of 3