abel11

ADABTC Accurate Forecast

Short
BITFINEX:ADABTC   ADA / Bitcoin
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19
Hello community, the ABC correction is over so we expect a total reversal or an ABCDE corrective structure. All of which bearish set ups so i expect this coin to drop in the next few hours. Thank you for the support.
Comment: target 1 hit, move stops to break even, looks like it wants to make a higher high before the drop. this is due to btc weakness. you can check my btc idea on my profile.

Comments

you're telling me bitcoin will outpace ada after ada hits .0000900? Hitting .00009 on the BTC, means ADA breaks north of its ATH consolidation here. Gonna have to disagree.
+2 Reply
abel11 trentonscoleman
@trentonscoleman, this is a short term thing. ada will soon outpace btc after the move down.
Reply
I'm not an EW expert, but learned it & know basic concepts. I had a similar chart except I had the a b c correction starting one move earlier, in the opposite direction. I did the 1-2-3-4-5 wave in an uptrend then the A started the first move down (on this scale). after that correction cycle, have a new 1-5 bullish cycle starting.....

altho it'll be interesting cuz looks like it needs to maintain support right now on a broader time frame

either way, I think ada is bullish mid term .... w the way cryptos are going ppl will start looking for alts again, etc. Still prefer to rely on TA since we can see ADA had a few smaller runs up the last year and went down further.....I think on the grand scale (at least for mid term), that will be all consolidating

thx for the chart & analysis!
+1 Reply
abel11 ladram
@ladram, we got tp 1 at least. thank you for the feed back
Reply
Any update, mate?:)
+1 Reply
@Rhu, very soon
Reply
Soooo.... that didn't happen
+1 Reply
abel11 crypthal
@crypthal, tp 1 was hit, we made profit
Reply
Nice
+1 Reply
abel11 fract
@fract, thanks
Reply
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