RECAP of STRATBTC
Price trend says little continuation in its movement, as price has broken out of the resistance which completed the double bottom (ADAM and EVE the V and the U). CHECK THE PREVIOUS CHART https://ci.covesting.io/tradeidea/stratbtc.
As price is currently ranging with two fibonacci ratios 0.5 and 0.618fib. double bottom bullish reversal pattern known as the Adam (V) and Eve (U).The shape of the pattern typically has two distinct valleys that differ in shape and together hold a descending volume profile.
The long entry occurs after pattern completion on the breach of horizontal resistance
The pattern yields a 1.212 fib and measured move between 0.00094909sats
TECHNICALS suggests that price will likely move up from its current position.
BUY: current price down to 0.00064917sats
STOP LOSS: 0.00056069sats
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.