Adam and Eve bottom on BTCUSD chart
If we bottom here, we have another daily higher low which signals exhaustion from the bears.
A higher high on the larger timeframes can confirm this idea. We should see a reversal in trend on the lower timeframes first before the larger timeframes follow.
Generally we want to see price trending above the 200 MA again with the 200MA providing support when price dips. (retraces)
If we bottom here, we have another daily higher low which signals exhaustion from the bears.
A higher high on the larger timeframes can confirm this idea. We should see a reversal in trend on the lower timeframes first before the larger timeframes follow.
Generally we want to see price trending above the 200 MA again with the 200MA providing support when price dips. (retraces)
