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$BTC 3D Chart Analysis 🔎
Top Down Analysis Continued...
Here we can see the pink bearflag broke downwards.
Then price action formed a green Adam & Eve Double Bottom. This is a strong downtrend reversal pattern.
The Adam and Eve double bottom has a target of $75,416.
This would also complete the bearish retest of the pink bearflag.
The Stochastic RSI in the overbought region starting to curl over. Yes it's in the overbought region but this area can produce some very nice upside moves. Watch it to form a double top on the indicator.
There is a bullish divergence between price action and the RSI. This is showing potential change in momentum to bullish.
The MACD is in bearish territory however it is showing that selling pressure has faded the the bulls are trying to step in.
Starting to see the bullish narrative here!?
NFA, DYOR ⚠️
#Crypto #Trading #BTC