BITTREX:ADABTC   Cardano / Bitcoin
$ADA

Looks like a good short to me.
Any significant buying at FTA would make me take profits early.
Otherwise aiming for the cycle lows.
Invalidation by closing above the "stop" would turn this chart bullish & present a good long opportunity.
Wouldn't want to see weekly closes into the range, that would invalidate the idea early too.
Comment: There she goes.
Let's see if the FTA gives any trouble otherwise all the way back down to the full retrace.
Comment: FTA isn't really doing anything - no sharp bounce.
I think ADA is most likely going to short term bounce here.
Big timeframe the most likely course of action is capitulating into the target in my mind, however.
Stop loss should be trailed here to lock in gains.
New invalidation -> 1000 sats+
Comment: I still think it could easily go to target but I'm calling the idea finished here.
A 35% move after a lengthy bear market and then expecting another 40%+ move on top of it seems like pushing it.

Closing this thread here.

Comments

Nice call
+1 Reply
You’re awesome. Can’t wait for the newsletter. We could be friends in real life. I know kung fu!
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thanks mate
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Great content/call and thanks for sharing. FTA is showing some consolidation support. In your stream, you call this as a bearish continuation. What would level bounce would invalidate this bearish structure?
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I believe the target is around 350-450 sats
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Thanks dude
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We won't see any significant price action below 1000 sats ever again, in my opinion. Buy while it's still cheap!
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@epnick, Don is the man. We do! Sorry man.
+2 Reply
epnick ObiWanCryptoby
@ObiWanCryptoby, I see obi wan, i upvote
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