With a dominance of 46.55%, price of BTC has moved up ranging between $8191 - $7817. The following will be used to determine the trend movement of price; DIVERGENCE, ADAM&EVE( DOUBLE BOTTOM V&U) and the symmetrical triangle.


A hidden bullish divergence is similar to standard divergence- where the price of an asset and the indicator(relative strenght index RSI) moves in opposite direction

Hidden divergence can tell you ahead of time when a trend looks set to continue. This allows you to enter a trend when it still has further to run.


If price of an asset makes a series of higher-lows, this can denote an uptrend in underway.

If you spot that the indicator has at the same time made a series of lower-lows, you have identified a BULLISH HIDDEN DIVERGENCE. In this case, it suggest that the uptrend will continue and you could choose to go long or buy the asset.




Adam is a term that describes how the bottom looks, in this case, a narrow, pointed bottom, perhaps with a one-day downward spike.
Eve bottoms are more rounded looking and wider. If they have spikes, they tend to be more numerous and shorter.
Many times the difference between Adam and Eve is the width of each over their entire height. Adam bottoms tend to remain narrow but Eve bottoms widen over their height. When trying to decide which is which, ask yourself if the two bottoms appear different or similar. With Adam & Eve, the two should look different (the first narrow and the second wide).
The Adam & Eve double bottom is a chart pattern that performs best in a bear market. In a bull market, however, it's just an average performer. Before trading, wait for price to close above the peak between the two bottoms, confirming the Adam & Eve double bottom as a valid chart pattern.

The Shape has Two distinct valleys that look different. Adam bottoms appear first and are narrow, V-shaped, sometimes with one long price spike. Eve bottoms appear after Adam and are wide and more rounded looking. Spikes that appear tend to be more numerous and shorter on Eve bottoms.
Peak -The rise between bottoms should measure at least 10%, but allow variations. Tall patterns perform better. The link discusses performance of short and tall chart patterns.
Bottom price - The price variation between bottoms is small. The two valleys should appear to bottom near the same price.
Separation - The twin valleys are several weeks apart with most falling in the 2 to 6 week range. Bottoms wider than 8 weeks apart and performance deteriorates.
Confirmation - The double bottom confirms as a true double bottom once price closes above the peak between the two valleys.


Very clear with its move, as its completion is getting close little consolidation along the blue zone will be maintained before a possible breakout.

Technicals suggest that all patterns and indicator as slightly buulish with a little bear momemtum. price will always move back to 0.5fibonacci retracement level, consolidates before meeting other targets.


Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.







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