Currently long on ADA since 1500 satoshis. Been profit taking and accumulating as the chart progresses. As they say, trade it until it fails. All signs point to very technical trading of Cardano.
After a massive 5 wave completion, ADA has corrected nicely to the 50 Fib zone, and appears to have completed its first wave up. Expecting a pullback to the 50 or 618 zone of the smaller degree before it begins its third wave. Expecting some congestion, i.e. profit taking just shy of the ATH, and right around the 100% of wave 1. If it breaks through, next target is 161.8. Targets are red boxes.
This is not financial advice; it is only my personal opinion of ADA for myself. Trade wisely.
Here is my coffee tip jar for ADA
DdzFFzCqrhspypPiPn18MtWjLWK7PANcuWUUc8vUJCU1fxZQXQQ6fFNXpP4D3KxGVFD1xXmE7RuL5kxVbc7MaF3m784FbRjFuBxf4vD4
After a massive 5 wave completion, ADA has corrected nicely to the 50 Fib zone, and appears to have completed its first wave up. Expecting a pullback to the 50 or 618 zone of the smaller degree before it begins its third wave. Expecting some congestion, i.e. profit taking just shy of the ATH, and right around the 100% of wave 1. If it breaks through, next target is 161.8. Targets are red boxes.
This is not financial advice; it is only my personal opinion of ADA for myself. Trade wisely.
Here is my coffee tip jar for ADA
DdzFFzCqrhspypPiPn18MtWjLWK7PANcuWUUc8vUJCU1fxZQXQQ6fFNXpP4D3KxGVFD1xXmE7RuL5kxVbc7MaF3m784FbRjFuBxf4vD4
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Vegas wave offering support. Here we go...
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And remember waves within waves. Look for subdivison for those looking to enter. Targets still intact.
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Nice wick of the vegas wave to reach the 50. Algos got their fill. Lift off iminent.
Trade active
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MACD looking ready. Expecting a little pump from ADA. Never know what to expect.
MACD looking ready. Expecting a little pump from ADA. Never know what to expect.
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Still learning how to use this platform properly. Apologies to anyone trying to make sense of it all. Think I'm figuring it out :-)
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XLM looking good
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Two 200,000 sell orders.
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We'll get through
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Waiting for close and more volume. Waves within waves. But we're headed up
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Takin' out the buyers at the C
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Have to remember up post in the update. Maybe its just me but I find myselfing posting in the "other" comment section. Anyway, here is the updated chart.
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Wrong tool used. Need to organize my favorites. Here is todays chart.
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Still cannot discredit this count
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Notice my ladder buy missed by a tick. Hoping for a little bit lower but hey if I miss it, then I guess I miss it. There will be more buy opportunities.
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Top 10 on coinmarketcap in double digits are ADA and NEO. BTC 6%
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Will post after noon. Waiting for our friends to wake up. It's still early way over there.
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Here's where I stand with ADA. Pitchfork giving a good time component.
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Sorry people. Posting issues. Please ignore
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Resistance is in white boxes. Updated chart to accommodate time component.
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Will update tonight. Life calls
Some reading for those inclined.
www.theusacommerce.c...isnt-going-anywhere/
Some reading for those inclined.
www.theusacommerce.c...isnt-going-anywhere/
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Second order. Update in the morning
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Ignore above. Wrong paste omg.
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Oh. This is correct chart, Trading view needs to compartmentalize a little better
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Some buys from BTC and market pushes. Good week.
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Here is an updated chart. BTC adding the impetus for movements. Keep in mind this is crypto people; sentiment changes on a dime.
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Just would like to make a last update before I attend to four days of mechanical work. Don't worry. It's drinking water. Potable water. I'd like to think it is a good thing--even though we continue to take from, and pollute, our precious planet. Even for good causes...
And that is essentially what bitcoin does. I have been following Bitcoin since 2010, from an article or two which I read in Maximum PC, and Bloomberg Business Week. Yes, I agree with most to an extent. It affects the market.
However, recently, by that I mean for about the past year or so, we have seen these "worthless" Altcoins hold a relatively strong value when to spread to BTC. These +/- 30% fluctuations are extremely healthy. When BTC drops double digits and the market recovers within hours (yes, I was awake), I think that shows the strength of this "bubble." Believe me, when you don't hear that word, I will have been long gone. My tradingview account inactive.
My weekly outlook on my 3? Bull market! Updates later in the week.
--longmoney
And that is essentially what bitcoin does. I have been following Bitcoin since 2010, from an article or two which I read in Maximum PC, and Bloomberg Business Week. Yes, I agree with most to an extent. It affects the market.
However, recently, by that I mean for about the past year or so, we have seen these "worthless" Altcoins hold a relatively strong value when to spread to BTC. These +/- 30% fluctuations are extremely healthy. When BTC drops double digits and the market recovers within hours (yes, I was awake), I think that shows the strength of this "bubble." Believe me, when you don't hear that word, I will have been long gone. My tradingview account inactive.
My weekly outlook on my 3? Bull market! Updates later in the week.
--longmoney
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Not much to add to ADA. With the total market cap dropping hundred a billions, I think here comes the push up it needs.
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Very rare I set a stop so deep. But of my three picks this swing ADA is my baby.
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Tightened stop
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You could make the case we're headed down. But this morning when I looked at my chart I had two alarms on ADA to determine my next play. Upper hit, lower did not.
If i get taken out at 4300 from a wick it'll be slap. If we fall and created a leading diagonal of the largest degree, I'll for sure be a buyer at that dip. And yes. No auto stop on that one.
If i get taken out at 4300 from a wick it'll be slap. If we fall and created a leading diagonal of the largest degree, I'll for sure be a buyer at that dip. And yes. No auto stop on that one.
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Stop has been tightened. Definitely the beginning of an impulse. Will be watching closely over the next few days for some signs of subdivision.
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Apologies. The possible add was lower. It's possible. We could revisit those lower lows. But I rather take the stop on this. Two decent entries.
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What can I say. I buy when all signs say SELL. Keep a tight stop unless you're overly bullish. Always can re-enter if need be. Almost stopped out with the panic. Kept slightly more risk to see how things played. Now I can give myself some cushion.
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Not as impulsive as I wanted to see. Seeing some chop in the impulse.
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Not even a wick in the hot box. Algos want higher targets. Aka consolidation.
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Without all the technicals. Just look at the Elliot wave in the oscillator? Is that not a 1 wave?
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ADA Chart.
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So yes I am calling the MACD crossover quiet early. But I'm seeing what I want. Trade wisely.
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Range bound now. If I see a wick to take out the stops, I'm all the way long to high target.
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Seriously considering this entry
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Could get wicked out. Or we could get a deeper retracement. But I've reduced my risk and can always reenter if need be. Would assume we would be in the money makin' wave 3.
Primary
Primary
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No add for me but confluence on entry. Only slid the buy box right. Once again direct hit of target. Strong market. Diagonals, triangles, H&S everywhere. Expect targets to hit soon. 3 More swings coming soon.
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What happened to longmoney??? ADA overloaded. Priming to go higher. Some call this consolidation, or break up or down the triangle. Whatever. I see my targets even clearer. Let's see if they wick us? lol
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Excuse my fundamentalist talk. Withdrawals suspended Binance smh. Can't even tuck some away for the run now.
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Sorry people. 3:02am here
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....
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Sleeping giant. A jump in volume and I think ADA will decide which way it will go. Buyers trying to get that extra discount but for now I see Cardano holding its fibs.
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Partial took. Looking for next entry
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Potential, potential... Just waiting to get a handle on the count.
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2hr
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Trade closed manually:
Any buyers from the original A wave and have been accumulating as the chart suggests, will be glad they did come ADA implementation. Will post new Long chart.
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Look at the 618. Hit, Hit, Hit. Algos are gonna rip ADA to high highs. First long term target-and I don't make predictions-is take out BCH. You do the math and variables.
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6000 will clear. Its the 50.
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0 on chart
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My apologies everyone. I have been blaming all my posting issues on Tradingview and I now realize that I have not been using the site properly. Only 2 months people.
With that said, I lost my focus and may have confused many, if not most, of you. I am long on ADA. And I mean Long. As we delve further in this "correction" do not lose site of the gains these coins have, and are, returning. However, we are in a correction. And for me, the count is too difficult. My count is leading diagonal(scary), leading diagonal. All I can do is a basic fib pull from low to high and say that, for a correction, we are holding very strong. So strong, that the market can not decide. Last year we saw many coins go sideways and then rip up. Are target is not even ATH. Our first target that is ;-)
With that said, I lost my focus and may have confused many, if not most, of you. I am long on ADA. And I mean Long. As we delve further in this "correction" do not lose site of the gains these coins have, and are, returning. However, we are in a correction. And for me, the count is too difficult. My count is leading diagonal(scary), leading diagonal. All I can do is a basic fib pull from low to high and say that, for a correction, we are holding very strong. So strong, that the market can not decide. Last year we saw many coins go sideways and then rip up. Are target is not even ATH. Our first target that is ;-)
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Morning update for Friday. With all the indecision in the market, I am certain many traders are waiting for the break of 6000 sats and will be buyer on the first pullback, ripping the wave 3. I am considering this myself ;-)
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After much thought, yes I will be waiting for a break if 6,000 sats. Consolidation is extended, which is understandable considering the age of ADA and prior run up. Still bullish long term. Until something tells me otherwise.
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To clarify, a break of 6,000 sats and laddering in on first technical pullback.
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Wedge is endless. Long consolidation. My strategy stands at break of 6000 and first pullback.
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Sidelining this sideways action.