I threw the tea leaves, I drew some lines and a cup.
Lets see how this one plays out over the longer term. Its just for fun really. IMO ADA bags are for long term HODL. I've roughly modeled it on other past moves from big caps as they matured. If you look at the dominance graph with ADA and ETH. It looks like ADA has just completed its first 'shelf'. coinmarketcap.com/charts/ Just turn on ADA and ETH. Set to overlapping. ETH completed two of these shelves before going for its home run hit. I expect ADA to do the same over time.
Interestingly March 2021 seems to be an important line up date on a lot of other graphs I am seeing. I am expecting some fireworks around then, and some maybe difficult decisions.
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hit black line. stopped. now should pop above it and test it, then quick flash up above .60. lets go!
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going VERY well. seems i didnt tighten the fractal up enough; ie its moving faster, but we seem to be on the first ledge up to the high around 65c.
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71c maybe
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TARGET HIT right on point
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this move is happening faster. starting to thing my long drawn out correction is going to be a few weeks only, then up to first alt bull run top; that middle channel; about 2.50.. lets see
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yep def happening faster. horizontal levels being respected though.
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6 bucks incoming
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well, its starting to look like this may play out for the more extensive correction originally predicted. if thats the case (see my latest ada/btc analysis) then its best to just sell up and wait the month or two for a further brutal bottom.
i tried to buy for the bounce...which never really came. got rekt.
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well its looking quite good actually USD wise, lots of sideways accumulation (seemingly) while everything else basically took a harder dump. BTC ratio wise it looks terrible so hrmm: $15 approx to the top of the range if it goes bonkers for another round.
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this is all happening a bit faster as mentioned above. 3.10ish is the next midline target. then from there that 6-9 region. then it ends or goes on some insanity run to like 15-20 before mega cycle ends.
all i can say is. i wish i still had my heavy bags. :)
Wow. Accurate call on this 6 months later. Wonder if it'll correct from here like you predicted from about now?
Crypto-Quantum-Fox
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@RonaldTDump, mmm that correction may have been wrapped up in that ascending 'wedge'. but yeh hope not lol :) seems everything else is primed for more pump.
GeneralGous
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Still on track :)
ytrhjc2010
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Upd please
GeneralGous
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@Crypto-Quantum-Fox Thanks for still updating this chart of yours. I did have a look at your ADA/BTC chart and I think the comment by @CryptoMeth69 sums it up perfectly. I was lucky enough to sell at the bounce since the volume wasn't there, and I am sorry your trade didn't work out. I agree with what you are suggesting: lets wait for a month or two with our fingers on the pulse. Cardona is still a great project.
Crypto-Quantum-Fox
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@GeneralGous, thanks man. yeh well put. yeh these parts of the cycle you need patience and the ability to sit back and do nothing. which is very hard for some people like me haha
GeneralGous
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@Crypto-Quantum-Fox aka Nostradamus Fox... Still following your prophecy. I take it you are an active trader so you'll have more insight then our buy and hodl traders. Where do you think we are at the moment in the market. Are we in distribution? A dead cat bounce after May's high? Or are we bullish going forward? You predicted a correction round about this time, maybe not as low as 0.3c (0.9c I'd think). Do you think this is still on the cards? Thank you for your time as always. Regards.