BITTREX:ADABTC   Cardano / Bitcoin
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6
Eazy

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This would be nice. Idk if smart money will take that approach or not.
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@scondon, Thanks for warning :) I´m aware of this, which is why I´m short. Retail FOMO´d in. Smart money wants to push prize down to accumulate. Whoever FOMO´d into this will feel massive pain and sell at the bottom creating liquidity for smart money.
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scondon CryptoWhis
@CryptoWhis, gotcha, so you're targeting is the box shown here? And in your opinion it will spring from there?
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@scondon, Yup the bottom box is a demand zone. I´m personally closing my trade there and take profit, since I´m leveraged. It should bounce from there. It could make lower lows afterwards, stopping retail buyers out, but that´s subject of another trade.
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scondon CryptoWhis
@CryptoWhis, that's a risky play given the hype of coinbase! You could be right, but there's also a decent chance this could keep steadily climbing from here. Cardano is already undervalued at these prices in my opinion ;)
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@scondon, Of course I could be wrong. Have stop loss in place. But technically we´re still downtrending until we make higher highs and higher lows. IMO I want to see some accumulation by smart money first.
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scondon CryptoWhis
@CryptoWhis, not a bad plan! Thanks for sharing your thoughts!
+1 Reply
You're hopeful ... We shall see ...
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