ADA: additional prospect to lead the rally
Updated
nasdaq.com/articles/grayscale-adds-cardano-to-its-digital-large-cap-fund-2021-07-02
^ the above may act as a catalyst.
(there are more catalysts in motion now as well: elong decided to tweet doge things, and they will remain stupid longer than you or i can remain solvent).
skipping to the idea itself: i see a major squeeze occuring should we dip lower; to the degree that the red SL zone is sized and where it terminates relative to where we are now as a baseline of congestion zones // the timing of this catalyst.
they may want to acquire at cheaper prices; so therefore, they begin the DCA now and sell off with other major assets (as iirc grayscale is pulling funds from other sources; which they are and have been in the profits far longer than the competition (say sailor).
following this train of thought leads me to believe there will be an immediate sell off in the short term by them funneling funds OUT and then INTO ADA or other alts. within 72hours from this post is the window of opportunity to snag last minute deals; save something drastically changing market momentum.
As far as macro structures are concerned; ADA retained much more value that some other alts relative to where we are coming from, going, and gone.
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^ the above may act as a catalyst.
(there are more catalysts in motion now as well: elong decided to tweet doge things, and they will remain stupid longer than you or i can remain solvent).
skipping to the idea itself: i see a major squeeze occuring should we dip lower; to the degree that the red SL zone is sized and where it terminates relative to where we are now as a baseline of congestion zones // the timing of this catalyst.
they may want to acquire at cheaper prices; so therefore, they begin the DCA now and sell off with other major assets (as iirc grayscale is pulling funds from other sources; which they are and have been in the profits far longer than the competition (say sailor).
following this train of thought leads me to believe there will be an immediate sell off in the short term by them funneling funds OUT and then INTO ADA or other alts. within 72hours from this post is the window of opportunity to snag last minute deals; save something drastically changing market momentum.
As far as macro structures are concerned; ADA retained much more value that some other alts relative to where we are coming from, going, and gone.
Trading Disclaimer:
All trades and ideas posted from this account, including setups, are given for educational purposes only. 95% of trades never win, and instead realize losses. Trading involves risk, there are zero guarantees that you will win any given trade, including this one or others related to it or this account. If you follow any setups, you do so at your own risk, taking full responsibility of any actions and / or outcomes. Nothing posted is to be taken as financial advice. The information and opinions presented by this account should not be construed as investment or trading advice, and is not meant to be a solicitation or recommendation to take actionable trading on any asset, cryptocurrency, securities, or any other tradable digital asset.
All content presented is for entertainment and education.
No Financial Advice.
Past performances are not a guarantee of future outcomes and or results: trading involves strategizing probabilities, there are no expectations on any given trade.
Always do your own research and consult a team of professionals from finance and law before proceeding with any type of action in personal finance.
All information provided by this account is a general market commentary and does not constitute investment advice or financial advice. None of the information communicated in this accounts tradingview publishings are financial advice and/or incentives, solicitng, advertising, manipulation tactics, and any other malicious behaviour - no, solely for entertainment purposes ONLY.
Trade active
Going to begin a spread and leave it for the weekend, wake up green hopefully not stopped on a backtest confirmation.Note
im going to keep tigher stops, waiting on the BTC daily close to see if this current price action gets nuked.dependent on that retracement (curently 4:30pm and looking to a 2hr~~ window to watch), i may enter or set orders lower for the selling off should it continue into the weekly close.
With that being said, the weekly close / daily closes for the next few days on other assets like BTC and ETH may drive an overall higher low, but in this current range of price for ADA, that may destabilize all the current growth. not being pessimistic, i think ideal entries are 48hrs away from current standpoint; and until daily close, which may create another update.
Order cancelled
didn't get any fills.sad day.
Trade active
might get a second chance.Note
interests revolve around the channel breaking and now ranging within a previous congestio zone channel. watching for further mark up from the horizontal parallel channel
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