Hello traders. If BTC able to break the immediate resistance just above 28k level and stay up there for a while, we should be able to gain 25%-40% near term.Then we may or may not face the triangle resistance. All about momentum and volume !
BTC looks very much ready to break above but nobody can be sure for fact. On the other hand
ADA
established strong base support base on the weekly chart and seem ready to start a mini rally(Cardano rallies happens out of nowhere! But it does happen frequently). I will update this chart as we move along.
BTC looks very much ready to break above but nobody can be sure for fact. On the other hand
ADA
established strong base support base on the weekly chart and seem ready to start a mini rally(Cardano rallies happens out of nowhere! But it does happen frequently). I will update this chart as we move along.
Comment:
Yesterday was mostly red day for all altcoins. I understand that people are a bit afraid due to increased amounts of fud as of late. I wrote this on my Matic idea but I should repeat here as well. Local wars and disruptions will not affect the cryptocurrency market overall because it is global currency. During the wars people will invest in things like GOLD,BTC and such global assets because it doesn't belong to specific region like Banks,and stock markets. BTC is pretty much down $100 on daily chart and altcoin market overall freaked out. I was very impressed with $ADA. It went down only 2% which is a lot lower than altcoins general which is already showing lots of strength and resilience . I think cardano will make a strong move once BTC's daily candle closes above $28200 region. It is long due. We should see at least %25 relief rally! Don't forget all time high is above $3 for this coin. Still 12x+ from here. Once this monster awakens there is no stopping!
Comment:
First target may happen soon! Btc breaks past 35k. We are officially in Bull market!
Comment:
So far so good. We are moving according to plan!
Trade closed: target reached:
First target has been reached! 38%+ gains! But now this get trickier. Best way to continue is to pull back time to time in smaller amounts here and there a bit then strike towards next target. Another option is to continue climbing towards 0.3650-0.37 range then pull back harder. Second option is a lot riskier than the first one. Rally may run out of juice and may never be able to reach second target!
Trade closed: target reached:
It is safe to say we have reach the target!!! $0.5(100%+gain). From now on we should correct towards $0.4-0.42 levels and find a new support. Pushing this at this point may lead to bigger crash towards $0.3.