ADA.USDT (Y20.P5.E3).Patiently waiting. It only a matter of time
Hi All,
(ref.d.chart)
Just a quick follow up post.
Is it time to flip...no. BTC as I said will likely to over perform as I had it at 23k for the 1.618 fib extension as my first choice but the other was 25300 as the next fib level extension,
but found that to be unlikely. Well we are at 24200 and still holding. However 24K is starting to be a real obstacle, but the dips are getting bought up in the 23k range.
Will the sell off tire or will the bulls keep going?
It seems time is the essence, end of December, early January is where BTC must make target, I feel.
Who is to know, no-one.
In my last post for BTC, I stated that we need to see bearish divergences on the daily and then in the lower time frames and its not there yet.
We have plenty of divergences on the 4 hrly but non on the bigger time frames
Alt season is likely to start at the end of December or early week Jan as BTC might hit its top. Just a theory based on past performances for BTC.
Many peaks were last December to Jan., not all the time but many.
As for ADA, here is the overall view, very much similar to ETH with the resistance trend line.
ETH chart
All the best in your trading as we can see yesterday, some of the ALTs are starting to wind up (BNB, LTC, AKRO, etc). Defi, not yet.
However with each BTC dip, the ALTs are getting hammered down...just like ETH. Not performing to expectations.
Cheeers,
S.SAri.
(ref.d.chart)
Just a quick follow up post.
Is it time to flip...no. BTC as I said will likely to over perform as I had it at 23k for the 1.618 fib extension as my first choice but the other was 25300 as the next fib level extension,
but found that to be unlikely. Well we are at 24200 and still holding. However 24K is starting to be a real obstacle, but the dips are getting bought up in the 23k range.
Will the sell off tire or will the bulls keep going?
It seems time is the essence, end of December, early January is where BTC must make target, I feel.
Who is to know, no-one.
In my last post for BTC, I stated that we need to see bearish divergences on the daily and then in the lower time frames and its not there yet.
We have plenty of divergences on the 4 hrly but non on the bigger time frames
Alt season is likely to start at the end of December or early week Jan as BTC might hit its top. Just a theory based on past performances for BTC.
Many peaks were last December to Jan., not all the time but many.
As for ADA, here is the overall view, very much similar to ETH with the resistance trend line.
ETH chart
All the best in your trading as we can see yesterday, some of the ALTs are starting to wind up (BNB, LTC, AKRO, etc). Defi, not yet.
However with each BTC dip, the ALTs are getting hammered down...just like ETH. Not performing to expectations.
Cheeers,
S.SAri.
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Lets hope this level holds, then ADA can do its bullish run.
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This doesn't make it look good.
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This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
