ADAUSD Bullish Reversal of Bearish Trend
Updated
Important Things To Note:
Just when you started to doubt me.
Just when everyone was saying BTC 20k, ADA 1.00.
Just when the news was screaming bear cycle.
We finally had BTC show us more signs signaling the end of the pullback was correct.
3 test of BTC at 40712
BTC created higher low at 4114 with the impulse we needed.
BTC bullish engulfing at 4hr.
ADA signaled reversal with double bottom.
Bullish divergence RSI
ADA Higher low in major movement.
Important dates:
I will update this soon when I post about the summit.
Well well well, we finally have some confirmation that what I saw is correct. I said BTC will push upwards at 41k. It stopped right at 4114k and gave me the impulse I was looking for. This impulse also created bearish engulfing on the 4hr candle like I said it would try to do. BTC has a long way to go to confirm the trend, specifically 45200. However, this is a great sign. ADA on the other hand had a head and shoulders pattern that I said would be reversed with the higher low in the major movement. It did this with a double bottom on the 1hr, signaling a short term reversal. There is also bullish divergence on the RSI oscillator. I have laid out the basis of the movements I predict for ADA. If the price continues with this bullish momentum, the bulls will start to hunt the bearish shorts creating more upward pressure. I have said before the bullish momentum that BTC feels will not be felt by ADA until after it really starts rolling. But this should help out ADA significantly. There are a couple big confirmations tests to go. Specifically 2.13 and 2.30 (I have put them on the chart). There you have it, a higher low, and remember bulls love higher highs and higher lows. I know most people didn't agree with me, and until it is blatantly obvious, they probably still won't. But if this continues, you are about to see everyone turn bullish really quick. LOL Just know, the signals were there the whole time. If I am proven wrong, I will be the first to admit it. However right now, it is looking pretty good for me! I got my signal, I got my higher low, and I got my reversal signs! Calling the end of a month long correction is EXTREMELY difficult to do. I am not out of the woods yet. For now, I will celebrate a bit. Never forget, fortune favors the bold! I will continue to watch ADA and update you all accordingly! Thanks again everyone for all the support!
And if I'm wrong, just say I'm not good at all! LOL
I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it.
Tell me what you think?
This is not financial advice. DYODD.
Just when you started to doubt me.
Just when everyone was saying BTC 20k, ADA 1.00.
Just when the news was screaming bear cycle.
We finally had BTC show us more signs signaling the end of the pullback was correct.
3 test of BTC at 40712
BTC created higher low at 4114 with the impulse we needed.
BTC bullish engulfing at 4hr.
ADA signaled reversal with double bottom.
Bullish divergence RSI
ADA Higher low in major movement.
Important dates:
I will update this soon when I post about the summit.
Well well well, we finally have some confirmation that what I saw is correct. I said BTC will push upwards at 41k. It stopped right at 4114k and gave me the impulse I was looking for. This impulse also created bearish engulfing on the 4hr candle like I said it would try to do. BTC has a long way to go to confirm the trend, specifically 45200. However, this is a great sign. ADA on the other hand had a head and shoulders pattern that I said would be reversed with the higher low in the major movement. It did this with a double bottom on the 1hr, signaling a short term reversal. There is also bullish divergence on the RSI oscillator. I have laid out the basis of the movements I predict for ADA. If the price continues with this bullish momentum, the bulls will start to hunt the bearish shorts creating more upward pressure. I have said before the bullish momentum that BTC feels will not be felt by ADA until after it really starts rolling. But this should help out ADA significantly. There are a couple big confirmations tests to go. Specifically 2.13 and 2.30 (I have put them on the chart). There you have it, a higher low, and remember bulls love higher highs and higher lows. I know most people didn't agree with me, and until it is blatantly obvious, they probably still won't. But if this continues, you are about to see everyone turn bullish really quick. LOL Just know, the signals were there the whole time. If I am proven wrong, I will be the first to admit it. However right now, it is looking pretty good for me! I got my signal, I got my higher low, and I got my reversal signs! Calling the end of a month long correction is EXTREMELY difficult to do. I am not out of the woods yet. For now, I will celebrate a bit. Never forget, fortune favors the bold! I will continue to watch ADA and update you all accordingly! Thanks again everyone for all the support!
And if I'm wrong, just say I'm not good at all! LOL
I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it.
Tell me what you think?
This is not financial advice. DYODD.
Note
BTC will have to pass 42571 for first confirmation of next test, it has a few more hours to confirm test of 44384. If you all are following along that is the next level I am watching. If it doesn't happen, my new low will get tested for the 1000th time.Note
Well it doesn't have to happen in a couple of hours, but it will be more bullish if it did.Note
If it doesn't pass this level, I am going to listen to LEN - Steal my sunshine for 24hrs straight and eat a whole pint of ben and jerry's ice cream.Note
The reason this BTC price point is so important is because if it doesn't push up, it will be in range to create a h&s pattern which will destroy the 41K level and we will be looking at 38k before it ends correction like I planned on before.Note
Anyways I am finally going to get a decent amount of sleep LOL goodnight everyone!!!Note
The price is retracing, As long as ADA follows BTC it should be fine. Morning everyone!Note
:) haters will say it's photoshopped LOLOL LFG!!!!
Note
BTC broke above 43803, the correction is officially over. You heard it here first a few days ago my friends!Note
I'm so happy right now, for the past 4 days, I have been in front of my computer charting up a storm and trying to predict the end of the correction. Now that it's here, I am going to sleep a bit early tonight! If I don't update the chart, you know why.Things to look out for while I sleep:
I would like to see some retracement on the cup connecting the double bottom to form a handle and use that small pattern to push past resistance to my target. Also remember, the momentum for the alts always lags behind BTC, but rest assured if the bullish momentum continues, it will continue for your altcoins as well, including ADA. This will lead to most coins trading sideways or mildly bullish for a week or 2 while BTC gets its feet under itself. Thanks again! I hope you enjoyed the ride and learned something along the way!
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