ADA is being pretty sluggish. We made a small profit on the bounce from 1.17 but it isn't responding well at ~1.22. BTC is struggling to get up like an old man and altcoins are feeling this.
I think BTC will probably take a pretty solid dive.. This will definitely drive down prices. This isn't certain, but the low energy bounce is concerning. I've sold am going to wait and see what happens entering into the weekend.
Note
Btc breaking up.. possible it will create new high and continue. Other possibility is that it doesn’t break new high and instead create a double top. Expect a bit of a drop.
Both scenarios will give us good buy opportunity for ada. Wait for the drop. Even if btc goes up.. it will drop to find support. This will give us a good price for ada.
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Btc broke up but hasn’t taken a new high. This doesn’t seem to have phased altcoins. This could just another opportunity for dominance to shift from btc to Alta. ADA CREATED INVERSE HEAD AND SHOULDERS over past few hours. It has broken above neckline and is retesting. If it holds here we could see new movement to upside. I’m in. But carefully.
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