Hi Everyone, I usually post only TA on BTC/USD and as you can see in my profile I'm right most of the time, even with great accuracy. Please do make sure to check out my charts.
I usually, never ever post TA on altcoins for one reason only: no matter the chart and indicators, they always follow BTC moves. If BTC dumps alts dump, if BTC moves up, the alts likely move up as well. For this reason alone, trading altcoins is an extremely high risk. With that said, BTC and altcoins at the moment are all trying to set a higher low.
However, I am seeing great opportunities on few altcoins, among these is ADA.
Please make sure to read my latest thoughts on BTC as ADA is led by BTC . As I explained in BTCUSD charts, it is possible that a breakdown could play out to trigger stop losses for big players to accumulate and buy with big volume (masking their purchases through the sell pressure). However, I do not think that the breakdown will last since a strong green candle will likely follow the breakdown. However, there are strong indications that a higher low can be set and BTC will move higher.
I believe ADA could reach soon $0.06.
If you like my posts, please like and follow. Also make sure to check out my other posts. I will keep this updated as we go on.
I usually, never ever post TA on altcoins for one reason only: no matter the chart and indicators, they always follow BTC moves. If BTC dumps alts dump, if BTC moves up, the alts likely move up as well. For this reason alone, trading altcoins is an extremely high risk. With that said, BTC and altcoins at the moment are all trying to set a higher low.
However, I am seeing great opportunities on few altcoins, among these is ADA.
Please make sure to read my latest thoughts on BTC as ADA is led by BTC . As I explained in BTCUSD charts, it is possible that a breakdown could play out to trigger stop losses for big players to accumulate and buy with big volume (masking their purchases through the sell pressure). However, I do not think that the breakdown will last since a strong green candle will likely follow the breakdown. However, there are strong indications that a higher low can be set and BTC will move higher.
I believe ADA could reach soon $0.06.
If you like my posts, please like and follow. Also make sure to check out my other posts. I will keep this updated as we go on.
Trade closed: target reached:
Another great call!