ADA.BTC (Y21.P4.E1).Still downward pressureHi All,
Based on the indicator and formation, I see ADA and many ALTs losing ground to BTC in the Short term.
Only a few coins that might do well against BTC.
All the best,
S.SAri
ADABTC trade ideas
Perhaps!Is this fall possible?
It does not matter much.
I drink coffee, smoke and write screenplays these past few days.
ADABTC is testing an important trendline 🦐ADABTC is testing an important trendline after the price created a triangle. IF the price will have a breakout downward and flip the current support (daily one) into new resistance, we can see a retest of the weekly support (red one).
According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
I sold my Cardano coins to Bitcoin right now!!! Why?We see that the ratio Cardano/Bitcoin or ADA/BTC it's bearish as Bitcoin take strenghten in the trend. That it's a clear signal that we would need to sell our Cardano coins to get Bitcoin and conserve our Bitcoin power. I sold today 10,566 Cardano coins and get 0.45 BTC (Bitcoin). This it's a bearsih signal if you look ADA/BTC. If you have any doubts, that it's a comparison to know what asset have more power if you look how Bitcoin and Cardano up, this chart ADA/BTC it's used to know what cryptocurrency it's more powerful. That you can to look with ETH/BTC (Ethereum/Bitcoin), LINK/BTC (Chainlink/Bitcoin) and much more to know this secret strategy that nobody talk about how the alcoins work.
s3.tradingview.com
And this it's the weekly timeframe, this it's sound bearsih for ADA/BTC.
Now, if I have 0.45 BTC, if Cardano down to 0.000032 BTC, then, I use the following. a calculator and I divided the 0.45 BTC with the price what Cardano could to reach, in that case it's 0.000032 BTC. That mean that if this happen, I can to get 14,000 Cardano coins or little more when I hold 0.45 BTC and hope that ADA/BTC down to 0.000032 BTC. That you can to apply with ADA/ETH, that it's a different ratio, but if you using ETH/BTC you can to understand more.
Good luck!!!
$ADA,less than 10% away from ATH..$ADA
As reference, less than 10% away from ATH on a 50%+ recovery from the dump.
Does a consolidation period for Bitcoin favor swing trades?Just testing here to see whether we can reliably jump out of and back into Bitcoin with specific trades. I've selected 3h timeframe here because it overlooks volatility and appears to be more predictable with respect to trends.
In this scenario, once ADA / BTC broke a downward 3h channel, nearly 12.5% upside was realized. I've set up a specific BTC pair watchlist and will be updating this idea as I work through whether or not this will be helpful in winning back some of the recent losses.
Not financial advice or recommendation whatsoever. It does however call out that there may be strategies out there you can build upon yourself to find success in the near term while we wait to regain our bull of all bulls.
Cardano (ADA) Is Poised To Leave Bitcoin In The DustCardano has broken out of the daily chart triangle range, and has held above this range for the better part of a week. This resilience should translate to much higher prices in coming months, with further market share concessions going to Cardano.
Oscillator RSI Overbought- Oversold in CriptocurrencyOscillator RSI Overbought- Oversold in Criptocurrency. ADABTC. Practice for Tecnologia Financiera
ADA/BTC looking to make fresh highsAda/btc is looking brilliant, it has wiped off the entire drop from the 19/05 and is currently breaking out if a IH&S looking to make fresh highs.
Ada has held up very well in this crash and i expect further upside.
Btc is still on shaky ground so any sudden drop could still destroy alts in the short term.
Be cautiously optimistic.
ADA/BTC symmetrical triangle pattern Cardano making a symmetrical triangle pattern but Trend is up right know so I'm more bullish .
$ADA Cardano - Update$ADA #Cardano
Now retesting the local support.
A few days ago started to draw a bull flag, with 1st target at previous high, and 2nd one at green dotted line.
Important day for the price, as it needs to stay above broken bull flag, & local support.
Moving to CardanoThere might still be a lot of volatility, however, it is clear that long term accumulation is happening for ADA.
Whales who has ethereum and bitcoin will start considering ADA with Cardano's recent major project releases.
Straight out of an ABCD retracement.ABCD pattern completed following last weeks selloff caused by Bitcoin's Correction. Im hoping for some short term Bullishness up towards the prior High, i think If bitcoin can hold stable and bounce around in a little range then alt coins could get a bit nice little boost, but im honestly an idiot so don't take this as advice, i could be entirely wrong.
ADA/BTC Update: Cardano stays strong with its POSCardano broke out of the Head and Shoulders pattern early this year and formed a bullish continuation flag.
We did get the bullish breakout and did break trough the next two resistance lines.
During the market crash ADA dipped back to the 0.5 Fib line but mainly the 0.3 Line did hold.
Nearing the Goguen era with Smart contracts we look at a bright future where ADA hits new ATH.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
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Discussions are very welcome here.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.
$ADA Update$ADA Update
#Cardano price is recovering but with low volume.
This might take it to retest the red dotted line.
Another potential target is the above-dotted line, which is a key resistance - first broken support since the fall.
Blue rectangle leads to an optimistic outcome.
Cardano is on track to complete elliot wave cycle to $3+Big pump before BTC crash - ADA holders are unfazed. Technology is finally catching up to the $1 hype from 2017. It was funny seeing crypto twitter buy the dip all the way down to $.05 during crypto winter, but the strong hands prevailed and was handsomely rewarded. I expect NVDA stock split stock to save ETH and carry BTC back to $50k (BTC is currently at $38k). Elon and friends had a fun time stop loss hunting and grabbing cheap coins. Energy consumption attack on BTC was a nice way to pump ADA to create higher support before they dumped the BTC. We should see overall crypto market higher next month as May BTC future contracts come to an end this week. final target of full elliot wave cycle on ADA with BTC at $50k should take ADA to $3+. Let's take profits after NVDA splits in July.
