BTC Latest Chart Analysis
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02/23/2019
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BTC touched $4200 level in Bitfinix which is a strong resistance and it might be fall from that level



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See my previous upload below belonging to this comparison:

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Some interesting similarities can be found when comparing the 2015 bear market to the bear market we are in right now. The following similarities can be found: - An upside breakout of the pennant pattern - Adam and Eve bottom - Relatively similar volume ratios between the all-time low and the current bullish trend we are in - First serious upside break of the 100 day MA Assuming we are roughly at a similar place in time, another wave down towards the past December low can be expected.

BTCUSD
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THE DOUBLE BOTTOM (adam&eve) and THE EDGE TO EDGE TRADE. 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. With Adam & Eve, the two should look different (the first narrow and the second wide). Price trend downward leading to the pattern. 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 rise between bottoms should measure at least 10%, but allow variations. Tall patterns perform better. The price variation between bottoms is small. The double bottom confirms as a true double bottom once price closes above the peak between the two valleys. Without confirmation you do not have an Adam & Eve double bottom, just squiggles on a chart. Volume is Usually higher on formation of the left valley(not shown). THE EDGED TO EDGE TRADE: Just like we have always pointed out on different previous charts, when price close inside the cloud there is high probability that it will test the upper cloud resistance. NOTE: ALWAYS WAIT FOR THE BREAKOUT BEFORE TAKING A LONG POSITION. VERDICT: BUY:$4305 SELL:$4786 up to $5500 STOP LOSS:$3858 This is a long target signal. Risk Disclaimer: Trading cryptocurrency on margin carries a high level of risk(volatile), and may not be suitable for all trades who are yet to understand how to use STOP LOSS. The high degree of leverage can work against you as well as for you. It is your responsibility to confirm if you want to take this trade or not. Trade only with risk capital; that is, trade with money that, if lost, will not adversely impact your lifestyle and your ability to meet your financial obligations. If you do not fully understand these risks you must seek independent advice from your financial advisor.

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