As you can see from the chart, it looks like rates are going parabolic. This is just my personal opinion, but I believe rates will continue to rise up to the next FOMC meeting date. We've seen this narrative where the FED comes in to save the day before. If this does happen, expect a stronger dollar and weaker assets in relation to the dollar.
I'm not expecting ADA to break out here just yet. I think it needs to fill the consolidation pattern (ascending triangle) a little bit more. This dip might coincide with a Bitcoin dip to 44-46k. Just my opinion, good luck.
I think Bitcoin's trying to put in a double bottom with a higher low here.
If Bitcoin has bottomed for now and decides to crawl up towards 54k area, ADA might get a good pump in the next few days. I'm not sure what pattern ada has broken out of, but it's currently testing support of the top cyan line. The ADA/BTC pair has already broken out of resistance and is hovering well above support like it's no big deal. Ada's strong guys for...
perderption my. Hello there. Consolidation time??? Maybe. Good night.
See chart. Just my opinion, good luck.
Note: If this plays out, it does not mean money can't be made on alts! Stronger alts may go sideways or even gain in value. Weaker alts (aka shitcoins) will get destroyed, so alts should be chosen wisely. I know a lot of people are hodling alts and hoping for a breakdown out of this ascending triangle. To me, this looks like it's bottoming out. Also the triangle...
ADA/BTC has been very bullish. It's pulled back roughly 20% since hitting its ATH of $1.23. It has to break out above its ATH by the end of this month or risk going into a longer consolidation pattern in the ascending triangle. All my opinion. Gl~
Bitcoin dominance looks like it's bottoming out. We might get a bounce to the mid to upper 60's. This will put pressure on alt-coins for approximately one month, then alt-season will resume once bitcoin dominance has topped out. This is only my opinion.
ADA on the BTC pair is testing support. You can see price is about to touch the cyan trendline as well as the bottom of the bollinger bands on the 4hr. I think it will bounce here. There is a lot of news coming out for Cardano coming out over the next few months. All my opinion.
I'm expecting a bounce off the neckline of the inverse head and shoulders. The daily chart looks more bullish, for the short-medium term. The measured move off this bounce would end up at ~65 which lines up with the 100 EMA on the daily chart. Weekly chart looks bearish though, so I think this move would take about 2 weeks, and then continue declining,...
This is only an idea. 4 years ago at the end of March 2017 was the start of the 2017 bull alt season. Now we're approaching that time again. How much will history rhyme? I do not know for sure. We need to see the major bottom trendline broken before jumping to conclusions. People think alts are expensive right now, because technically, alt season started when...
If we look at 2017's bull-run alt season, we can see the price went up 11K percent. When we take 11K percent from 2021's low, we get about $4000 LTC this bull-run. According to this, alts already went up 5x and still have 16x potential in them. Just an idea.
All my opinion. We just broke above the ascending triangle. I think Bitcoin will retest the top-side of the ascending triangle a few times before going up higher. This idea would give some alt-coins time to cool off or pump up if they haven't already.
ADA tested the $1 level and pulled back to the 23.6% fib retracement. Looking at the weekly chart, we can see that ADA is roughly halfway to its all time high. I'm expecting a pullback at the all time high and then a break out to price discovery mode climbing to as high as $9 this year. I can see ADA siphoning value from ETH. Sort of like how Apple was a...
Looks like ADABTC might be on the verge of breakout out. This means Cardano will gain more % when compared to Bitcoin. All my opinion.
All my opinion. Bitcoin wicked above the ascending triangle and got rejected. This idea is short term. Long term trend is still BULLISH.