WyckoffMode

ADAUSDT & ADABTC are Being Used to Accumulate More BTC Currently

WyckoffMode Updated   
BINANCE:ADAUSD   Cardano
Hi Everyone! Good Day! As pointed out in the video, it appears Cardano was chosen (as have many) in order to accumulate more Bitcoin before this "Stepping Stone" is actually ready to "Step Upward." We currently have Expansion DOWN in the 30m, 60m, 90m, 2hr, 3hr and 4hr time frames for ADAUSDT and ADABTC. In order to STOP this Expansion DOWN; we need Contraction UP. The only way we will get Contraction UP is to get the Red RSI -AND- the Blue LSMA in the afore mentioned time frames to go ABOVE Level 20. Then if we want to see Expansion UP in those time frames, we need to see the Red RSI -AND- the Blue LSMA "both" continue to rise ABOVE Level 50 for Stage One Expansion and price action going UP with expansion. Hence, "Expansion UP."

Will have to keep this publication "NEUTRAL" for now until we see a DECISIVE change in the Red RSI and Blue LSMA in the Near Term Group of time frames.

We can look for the price of BTCUSD continue to go up for a while most likely. Don't quote me on that just yet. I'm going to do a publication for BTCUSD next.

I'll try to keep you up to date on what's happening with ADAUSD and ADABTC "while" creating important educational content.

Thanks again for your time, for following and for your support!

Stay Awesome!

David
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Comment:
UPDATE:

ADAUSDT: Long Term Group

ADAUSDT: Mid Term Group

ADABTC: Mid Term Group

ADAUSDT: Near Term Group

ADABTC: Near Term Group

ADAUSDT: Short Term Group

ADABTC: Short Term Group

ADAUSDT: Immediate Group

ADABTC: Immediate Group
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UPDATE:

Those interested in using my indicators can find out how to get FREE access and set them up in the following video:

Setting Up Indicators in Multi-Chart Window for Multiple Groups
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UPDATE:

ADAUSDT: Please Be Mindful of a Potential Shakeout
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UPDATE:

4-Day White/Aqua LOWER B-Bands would be the "Target Range" IF we are to have a "Shakeout."

You see the PRICE LEVEL of each B-Band to the right; as a "Flag" from the "Price Column."


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