Why I'm still shorting ADA
01. Look at the resistance zone. ADA keeps breaking down (and so many other alts) as long as BTC is going up.
2. A trend will keep on going until proven otherwise. When BTC goes up, alts go down. When BTC goes down, alts go down. When BTC ranges, alts go up. So I'm short bias for alts until proven otherwise.
3. How long will ADA go? Instead of imposing my hope and fear into the market ("surely ADA has to go up now! It has been going down too far, it's too cheap now ..." I simply flow with the market. Imposing my fear and hope into the market doesn't make me money -- but trading the trend sure does!
04. Death cross for ADA on the daily. I'll keep shorting ADA on Bitmax and laugh all the way to the bank, feels good man.
2. A trend will keep on going until proven otherwise. When BTC goes up, alts go down. When BTC goes down, alts go down. When BTC ranges, alts go up. So I'm short bias for alts until proven otherwise.
3. How long will ADA go? Instead of imposing my hope and fear into the market ("surely ADA has to go up now! It has been going down too far, it's too cheap now ..." I simply flow with the market. Imposing my fear and hope into the market doesn't make me money -- but trading the trend sure does!
04. Death cross for ADA on the daily. I'll keep shorting ADA on Bitmax and laugh all the way to the bank, feels good man.
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