$BTC The Battle Of The Bulls & The Bears

The Bullish View 👀

The projected green Adam and Eve double bottom reversal formation.

Price action could be building the 2nd bottom to the pattern. The sharp V shaped bottom is the Adam bottom. The U shaped bottom is the Eve bottom.

Adam and Eve double bottoms are a strong reversal pattern. We must wait for the breakout to occur to confirm its validity.

The target is approximate until (if) the breakout occurs.

Adam & Eve Double Bottom Target (Approx)
1) $109,705

The Bearish View 👀

Pink Bear Flag

This projected bear flag appears to be in the bottom of wave 3. Looking for a possible move to fill wave 4 to the upside. The bottom of the 5th wave will likely retest the yellow 4hr 200MA and the bottom of the bearflag.

Bear Flag Target (Approx)
1) $62,413

That will be an important crossroad for price action!

The bulls want to bullishly retest the yellow 4hr 200MA and breakout to the upside.

If price breaks below it we will head down to $80,500. If thats broken downwards we will likely see $74,814, $70,244.

If thats broken downwards the target of $62,413 is more likely.

NFA, DYOR ⚠️

#Crypto #Trading #BTC