Weekly Bearish Adam and Eve Pattern on $BTC

GM,

As promised yesterday, here is what I found on Bitcoin's weekly chart after the last few weeks of Price Action.

Before we move forward, and for the usual replyguys suspects, here are some lessons:

1. Most important thing: this pattern is POTENTIAL for now. This means it is not yet confirmed, and the confirmation comes only IF we close on the weekly under the $74,000 Neckline area and continue under it.

2. As any experienced trader, I have a confirmation level/area as well as an invalidation one. So, this potential Bearish Adam & Eve Pattern has the potential to work as long as Bitcoin stays under the $108,000 area on the weekly close; above it, this will be invalidated.

3. On to the pattern: The Bearish Adam & Eve pattern is a technical analysis chart formation that signals a potential reversal from an uptrend to a downtrend.
It is a pattern characterized by two distinct peaks: a sharp, narrow "Adam" peak and a wider, more rounded "Eve" peak + Neckline / confirmation area.

NotaBene: Price Action and market structures > patterns, as patterns fail a lot of times, but it's worth marking them, since they are just human emotions repeating over and over again.

Let me know in the comments below your thoughts 🫡