InvestingScope

Bitcoin: Adam and Eve formation showing 4450.

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BITSTAMP:BTCUSD   Bitcoin
BTCUSD is forming what looks like an Adam and Eve formation on 1D (turning neutral on RSI = 53.944 and bullish on Highs/Lows = 70.9091). What is more interesting is that it was achieved within the 1W 200 MA/EMA (drawn by hand due to cross chart conflict). This pattern suggests that a bullish target should be pursued with the distance of the Bottom to the Resistance being equal to the distance from the Resistance to the Target. Therefore that puts the TP at 4,450.








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