BTC/USD Adam and Eve double bottom on a daily chart

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Bitcoin (BITSTAMP:BTCUSD)

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chartpattern trendanalysis adam-eve adamandeve btcusd bitcoin bitcoinprice

Bulkowski's Adam & Eve Double Bottom is a bullish chart pattern with twin bottom at about the same price. "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." The current BTC/USD daily pattern looks just like that. Lets see how this one will play out. If it breaks upwards target is at least the depth of the formation which would take us close to 11k

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If you are intraday trader , safe zone to take some profit

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