Well based on the fact that we saw the huge pump the other day... From what I can from a bill bullish perspective, is a scenario to the upside for the next coming days, weeks and months.
Stay frosty folks. Trade Safe, Be Safe.
I've watching ADA- Cardano play out for a while now. We have 3 clear patterns which have seem to have played out. Barring any "Crazy" dumps, I'll be looking to get into the final impulse to the 2.618 extension, from the 1.618 pull back. This will take us towards the final resistance of the movement of around 0.903331. Good luck, trade safe.
Looking at the Monthly timeframes, I see the retracement has reached its monthly support area. After charting the Daily timeframe, I will be turning to the lower time frames (1-4hrs) to look for reversal patterns. Elliots, harmonics and fibs, will play a key role in determining a good entry point. We'll be looking to target below the 0.618 @1.13442
I'm seeing some movement on BTC. However, we still need to be careful until this possible head-shoulders pattern plays. If we have a failure, we could be looking at the £2k area for a pullback. Trade safe guys
As detailed on the chart, If, and this is a big "if", we are to continue this bullish movement, which saw us break the all time high trend line. Then this is our last stand! The old girl needs to hold this pricing level over the coming days. Will June be the start of the next bull run? Lets hope so!!
We have seen a good number of days of healthy correction. Could we therefore see the next two support levels provide BTCUSD some much needed support. Don't get me wrong, these prices are fantastic and you should be laddering in your buys. However if you are focused on a dollar cost averaging strategy, you like me want to see those GAINZ when the ship finally turns...
Next week has all the hall markings of being a very bullish time for big mama. However, this week corrections could have put the "fear" in some people. Don't let the Bears Win, fight on Bulls, Fight on!!