Currently consolidating however lots of bullish news in December and January providing fundamental catalysts for this trend to continue. Especially now that ADA will support:
Java Virtual Machine
Various dev nets and Ethereum side-chain w/ ETH maintain interoperability coming out...
I would like to introduce a perspective you may have not of thought of to better mentally prepare you for the road ahead...
In the near term, bitcoin will range prior to hitting the ATH resistance which coincides with long term channel line. There will probably be some retests and inside channel continuation formed in early 2000s and re-validated by the Corona...
Sometimes keeping it simple is better. Throughout the 2017 bull run, the 125 moving average has held every single time. BTC and the 125 MA now meet again. With the overall trend trend looking bullish, and bitcoin halving coming next year, now would be a great time to make a first entry for longs.
Also a great time to accumulate solid alts like ADA but don't...
On the last episode of “ADA - Is the this the moment we have been waiting for?” I mentioned serval possibilities. One of which was a bullish rally once we break through the upper downward channel line (black). And as promised ADA has come through, however we ran into a little bit of resistance at 0.0000245, which has left us desiring more.
However, all is not...
Cardano has been beaten down considerably since last December, but fundamentally still remains an amazing project. IOHK's third generation crypto currently tries to solve many of the issues we are seeing with Bitcoin and ETH including scaling, energy sustainability, governance, and future project funding.
With all the big milestones coming up on the Cardano road...
We did have a breakout but lets not get our hopes up too quickly yet. The above chart will provide a clearer picture showing different possible outcomes.
Here are my observations:
We rejected the neckline of the infamous inverse heads & shoulder pattern
Neckline of inverse H&S appear to have become new resistance
New downward channel spotted noted by solid...
The is my first post. Instead of focusing on traditional technical analysis , I wanted to point out an interesting observation. There is plenty of TA already out there by more more experienced traders that one can view. But something very peculiar has not been addressed.
And that is that Bitcoin -5.35% is declining in a very predictable reoccurring pattern. If...