JamesRunningLongAbbe

JamesRunningLongAbbe Updated 

a year ago ADA was over $1 today its under $0.50. my previous prediction of needing to see 40 cents before we can really take another look is here. even when i look back at my notes from 2021 i wrote down that we would need to address the 17 cent elephant in the room and today i personally dont see how we avoid it and if anything we can build a stronger argument...

JamesRunningLongAbbe

i only see 3 outcomes. 1) my timing is off and then the likely hood of the other 2 possible scenarios could playout 2) we crash and begin to recover 1-3yrs 3) we trade sideways for 10-20yrs time frame for recovery is more of an expression to the two possible scenarios... at the end of the day... that yellow line will have to ground price action one way or...

JamesRunningLongAbbe

i'm currently having a hard time looking at this chart. i cant tell if i'm looking at a multibillion dollar company or a multibillion dollar crypto? HELP

JamesRunningLongAbbe

many cryptos are below or well below their respective long term average price mean while this doge is hovering above it's average price... realistically I would think so many others are below their average I would think it's safe to assume we'll also see those numbers. the average price of the entire crypto market cap is around $445 billion.

JamesRunningLongAbbe

looking at a 6month chart. long black line = shorter time frame long term trend line bottom horizontal line represents $9138. i personally enjoy watching the volume profile trying to predict the future.

JamesRunningLongAbbe

i'm not trying to suggest anything here.... i have been looking at a lot of historical data and moves and while i was playing with moving averages 9/11 + 08 housing crash stuck out like a sore thumb.... i don't even put a whole lot of weight into moving averages i don't use them all that often but all things considering here.... its not looking "purdy" i guess...

JamesRunningLongAbbe

i was fooling around with charts and patterns and everything felt like it lined up quite well. i have yet to invest any confidence in this chart... purely speculation and for personal entertainment. lets sit back for the next 10 years and watch as it evolves and plays out. i don't think it makes for a true pattern but...the pink lines and arrows could be an...

JamesRunningLongAbbe

i think its 100% realistic & theoretical that we could see $30 so long as inflation doesn't drop slow.

JamesRunningLongAbbe

this chart has been circulated and studied and idolized for a long long while now... but i had a thought... price has bounced off those lines previously and im not sure how they drew those lines if it was accidental or not... but... what if?

JamesRunningLongAbbe

only $0.25 cents to go. i'm not saying $0.17 is the bottom... but if its buyer volume you see... you fill begin to find it at that price level.

JamesRunningLongAbbe

i believe there is a good chance we'll see 1 penny doge... maybe even 1/2

JamesRunningLongAbbe

oil is the single most valuable commodity on the planet. I cant think of another resource that has the power to send developed civilization back to the stone ages. monthly chart is looking pretty strong yet.

JamesRunningLongAbbe

in times of global crisis and uncertainty countries for the longest time have dumped their currency and bought up as much dollar as they could get their hands on. money is made in chaos but everyone loves stability. pretty good chance crypto and stocks have at least one more down leg left if this continues to rise... no sign of lack of momentum on this chart.

JamesRunningLongAbbe

given the way snow balls roll down the hill... looks like maybe what i charted nearly a year ago has/is coming true.

JamesRunningLongAbbe

they've been selling off bitcoin pre-ATH. they haven't even begun to increase position.

JamesRunningLongAbbe

volume should reflect price...sadly i believe volume does not reflect price action yet. a further correction is on the horizon.

JamesRunningLongAbbe

what does it mean when the volume increases on the daily and weekly but price doesn't correspond? BOAT ANCHOR just waiting to be tossed into the water.

JamesRunningLongAbbe

only a matter of time at this point...i just dont see the buyers lining up. perhaps they are spending all the money they would have on investments on rent and food?