In Episode 9 of the SA Crypto Market Analysis (which you can find on audio and video), our Financial Analyst Graeme Tennant shows us what he calls an “Adam and Eve reversal pattern” on the Bitcoin chart. And as you can see in his chart below for this week’s episode, it closely resembles an example of an Adam & Eve reversal pattern as explained on Greedy Goblin Trader:
Compare the above example with the current Bitcoin chart:
Now, while the Bitcoin chart indeed seems to resemble the Adam & Eve reversal pattern, it’s worth reading further about reversal patterns, such as this great article by StockCharts.com, before we can confirm the reversal is truly here.
In the meantime, enjoy this episode, either on Audio or Video, as we analyse where the market stands with Graeme!
Here is the Analysis on YouTube:
And here is the Audio version: