CARDANO May Still Be Worth Getting Into... for BINANCE:ADABTC by WyckoffMode

Just sit back; enjoy the ride; drinking red wine; chilling; not stealing; simply collecting coins; you see the sign; the moon is full; welcoming your climb; with arms wide open; SALUTE (With right arm fist pump to chest); I'm with YA!!!

lol... Thought I would throw in some humor. On a serious note; Cardano (ADA) does look like it could potentially have more bullish future till last week of May to first Week of June.

This is looking like a Wyckoff Distribution Schematic playing out though all of 2018 with a range of three to four significant bull runs as the 2019 approaches.

Posting the chart shortly for you to see it the way I intended with indicators.

Do NOT assume we will fall into months of bear trend in Phase E as depicted on the image of Wyckoff Distribution Schematic #1 above. Even Wyckoff himself said we do not have to fall into Phase E if the laws of Supply and Demand determine we should reject Phase E and fall into another Phase A of a new schematic. Almost as if we're doing multiple Annual Distribution Schematics while in a larger Accumulation Schematic over several years.

You're welcome to scroll down in this link to find "Wyckoff Distribution Schematic #1" to find additional notes about phases and events:

Books by Wyckoff can be found here. However, make sure to scroll down till you see the name, Richard Wyckoff. MANY other books on trading can be found here as well. Excellent source of trading material FREE online:

An excellent video to start with on teachings for Wyckoff by David H. Weis can be found here: "David Weis on Wyckoff, Support/Resistance , and Waves" -

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Cover Chart should have looked like this without Indicators:

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By the way, this post was by no means a declaration saying, "Buy Now." This is simply a Wyckoff Distribution Schematic showing POSSIBLE price action between now and end of year.

When I have the time to provide updates on a more frequent basis, I may do so. Unfortunately, that time is not now.

I simply want to say not to let FOMO get the best of you.

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Looks like a good chance of Cardano moving upside shortly. The Blue LSMA in the 360m TF is bottomed out below 20$% level and itching to go up towards 80% level.

The 720m TF also shows "potential" for Stochastic RSI and Phoenix ARI to move upside.

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From the looks of these three time frames (TF's), it appears we have a strong upside pressure building. Have a look here at Phoenix 1.393 (Similar to Godmode 1.3 Mod with LSMA) in the 360m (6h), 720m (12h) and 1080m (18h) TF's. Also note the Magenta RSX (Relative Strength Index) and Red Line. They have all pretty much exhausted out . So, it's only logical to conclude that upside pressure should commence soon. No?

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We could stay within a tight range from here for a couple of days maybe, before we see significant upside action. I'm still paying close attention to this to see if it's possible it might follow the trek of a different schematic. How high we go up from the bottom that plays out here is important.

The Daily (1440m) and 2-Day TF's have me concerned with more potential downward pressure over the next 2 to 3 days

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The 3-Day and 4-Day TF's also look bearish. That's not saying we cannot come up one last time before going down. I want everyone to see what I'm seeing.. Maybe the 2-Day TF in the previous chart with the Green Line already at 20% level and purple ghost already at 0.0% level, there might be a chance for the Green Line to pop up at least one last time before it goes down. We may do something like a double top and not go a whole lot higher. If that is the case, then we will certainly be in an Accumulation Schematic for the remainder of the year with Cardano. If it goes up somewhat close to what I posted in this chart, then we are in a Distribution Schematic. Cardano just does not have quite enough history to go by:

3-Day and 4-Day:

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I was TERRIBLY OFF with my Wyckoff ASSUMPTION. Here's what the Indies are telling us:

Here is nothing but the Phoenix 1.393 indicator on the 2-Day TF:

Here's the 2-Day TF with price action and all indicators:

Here is the Daily and 3-Day TF's:

My findings with ADA with the indicators has me wondering if many other cryptos will be similar. I'm still working in my mining room but I'm TRYING to determine exactly which Wyckoff Schematic we're in with this NEW coin to have an advantage in regards to what the Composite Groups are up to.

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I'm thinking 0.00001940 BTC at a minimum before reversal. My opinion...

2-Day TF:

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3-Day TF...

Not sure if we make it to 0.00001940 or not. We'll know soon enough. Still several more days before we find out.

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2-Day TF for ADA looks like we're getting closer to the end of this drop down. Shouldn't be too much longer:

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Cardano is currently approaching a key support level at 0.00002178. We'll see if she holds up...

720m (12h) TF:

2-Day TF:

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My bad that was Daily and Daily. I've only had approximately 3.5 hours of sleep.

Here is the 12h (720m):

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When the Stochastic RSI touches the 0.0% level in this 2-Day TF, there's a high probability of a reversal to the upside shortly afterward.

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Simply posting the 360m (6h), 720m (12h) and 1440m (Daily) for those using Godmode with Stochastic RSI to have a look at the indicators:

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A look at ADA 2-Day:

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You can see the double bottom we had back in March before it finally went up in first week of April. We've already had a double bottom at current location. However, the Green line and the purple ghost in the 2-Day TF are close to exhaustion. So, I'm actually expecting another kind of drawn out sideways move within a tight range for the purpose of accumulation to last until sometime between July 26th and July 29th before we actually see a significant move to the upside begin. You will see I placed a dashed black vertical time line to mark where I'm expecting the Blue LSMA to reach the 50% level; which is July 29th. However, it could reach the 50% level a little sooner. Such as the 25th or 26th. In the meantime, if one has not accumulated any Cardano yet, they may want to consider doing so.

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Judging by how soon my Phoenix ARI as going up; we could see the Blue LSMA hit the 50% level around the 22nd of July potentially. Bottom line: One should be accumulating if they have not done so already. Then HODL until last week of August to first week of September to sell at or near the top.

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This is ADA USDT on Binance. This is NOT ADABTC chart. Since ADA (Cardano) is now available to trade on Binance in USDT; I will begin posting charts for ADAUSDT from now on instead of ADABTC.

360m TF:

Daily TF:

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Another reason I prefer to trade in USD or USDT is to protect my USD capital.

If I trade an alt-coin in BTC, When I sell it for BTC, I may have to quickly sell the BTC for USD or USDT in order to protect my USD capital. Because I also believe BTC will fall in USD value soon. When it does, I will be able to purchase more BTC; which in turn will enable me to purchase more of the ALT COINS I sold to begin with.

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Fair warning, BTCUSD expected drop may only be brief and small before continuing upside. So, don't get carried away selling all of your BTC now in the hopes of getting back in at a lower price point. IT depends on how much you have as to whether you will be able to sell it and get back in quickly. Of the Cardano I sold; I'm holding 60% of it in BTC currently. The remainder in USDT. Decided not to have all my eggs in one basket in case a market maker came in to purchase a lot of bitcoin all of a sudden.

I need to get some sleep now. I'm having a hard time staying up any longer.

Alarms set and ready for business if they should alert me.

Until next time,

Stay Awesome!

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Sweeeeeeeeet.

I thought it would be a good idea to still hold BTC. At least 60% of it. Alarm woke me up.

lol

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1440m TF:

2-Day TF:

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720m (12h) TF: