If ADA daily candle closed above 1.90 consider bullish. I personally bought since $2, $1.8 and $1.50...This ADA i lost count how many times it did Fakeout already.
Some update. BTC currently consolidating and Im seeing early bear flag pattern. Lets see if it can consolidate until 51k-52k. Bear flag has higher probability to breakdown than breakout. However, if bear flag fail, it will be bullish.
c) China is out - ohhhh their ban is alot more serious now. Leaving china out is bad news.
One thing I noticed about china. They dont really play capitalism game. Look at their economy growth vs stock market growth. Doesn't match at all. Their economy growth is insane but stock market havent even break 2015 all time high. So not surprising they arent touching cryptocurrency. What China want is common prosperity. Not Elon Musk vs regular people kind of wealth gap.
Update. We are approaching Weekly trendline support 40k. If this one dont hold like 54k 2 weeks ago, it will be single 10k candle toward 30k again. There is nothing between 40k and 30k.
https://twitter.com/BTC_Archive/status/1470435289512427523 Don't look at the current price, look at the data if you're a long term hodler. if you know the long term trajectory, you will be ok. (unless there are crazy black swan events, then... )
Loolll that tug of war. But usually it is the opposite. Big guy always win.
Im holder since 2017. But I do hybrid management. Trade some. Just to provide technical overview here.
34.5k to 32k no support? Possible drop below Saylor price?
Actually at current price 46k I see wkykoof accumulation pattern. It is sitting on fibo 0.786 level as well. The only reason backing me off from topping up is the earlier 42k wick. Such wick normally would be tested again.
If want easy, buy when daily candle close above EMA20. By then, RSI or macd should be showing breakout or crossover. Sometime I think better wait for confirmation instead of buy the dip and buy deeper.
We broke downtrend structure on daily level. Daily candle closed above EMA 20. If clear 53k, full bull ahead? Current level 50800 if can consolidate and form bullish flag, next pump hopefully can break 53k. Bullflag only can be seen on 1 hour candle.
This post has been edited by mois: Dec 24 2021, 08:51 AM
What a sad morning. Didnt break above and formed 4hour bearish divergence instead. Now left daily Ema 20 at 50k.
Yesterday US stock market was doing well. Sadly btc didnt follow. For the past week, actually we broke above with super pathetic volume. Need uncle Powell to pump.
This post has been edited by mois: Dec 28 2021, 08:48 AM