Recent volume on ADABTC is dying off. Although it's holding an important support line currently, quite possibly it will dip lower. Look for support at 2724, 2541 and finally 2336.
The bullish scenario is that we are done with wave 4 correction and will go on with wave 5.
The bullish scenario is that we are done with wave 4 correction and will go on with wave 5.
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BTCUSD could be going lower soon. In which case we could expect ADA being dragged to lower levels.Nota
4h TTM Squeeze fired shortNota
5h TTM Squeeze still squeezing6h TTM Squeeze still squeezing while TDI band is also squeezing. TDI bands squeeze generally means there hasn't been much movement lately. A bigger move could be happening soon.
both 7h TTM and TDI bands are squeezing.
both 10h TTM and TDI bands are squeezing.
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5h TTM fired shortNota
I closed half of my short position on ADABTC because I believe BTCUSD is currently near the end of wave B of wave B of the larger ABC correction. Soon the smaller wave C of the larger wave B will happen and the upward target is 8600-8900 USD. In that case we could see ADABTC go up a little as the market interpret the upward movement as bullish reversal. Will short again when ADABTC reaches a higher position. Right now ADA is sitting right at support and there doesn't seem to be enough momentum to go down, which is why I closed half of my short position. I expect BTC to drop after hitting 8600-8900 to 7200-7600 or 8000 if we are very bullish. This downward movement should break ADA's current support.
If you are not already in a short position, DO NOT do it now. Shorting right at support is a very bad idea. Wait for support to break. A safer entry is a break of support at 2859 on 4H CANDLE CLOSE ONLY.
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ETH is crashing right now.And 6h TTM fired short.
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TTM fired short on most time frame.Support at 2724 hit and bounced as expected. 20% position closed.
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As BTC dumping, we broke through 2541 level. 2336 incoming?Trade chiuso: obiettivo raggiunto
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