ADAUSD Short Term Targets in Channel
Updated
Important things to note:
BTC looks like it is still consolidating in a flagging pattern for push higher.
Total2 is almost at its ATH.
BTC.D dropping like a stone.
Lot of ugly patterns for alts at the moment.
ADA is still in short term bearish structure.
However descending channel signals upward breakout.
I have noted important levels on chart.
Important dates:
BTC ETF Deadlines Nov. 21, Dec. 8, Dec. 11 and Dec. 24.
Hey everyone sorry I have been posting a bit less. I have been fighting through internet outages and have been busier than usual due to that fact. Overall the market looks fine. BTC is consolidating in a flagging pattern while its dominance is still heading south. Total2 is nearing its ATH thanks to ETH. However I see a lot of ugly looking patterns for a lot of alts which is making me believe there might be some cooling off in the near term. Because of this fact, I have noted both upside and downside targets for ADA. I also noted the level that needs to be crossed for bullish targets to be considered. This is all fine as long as the PA staying within the descending channel. After all, the descending channel itself is a bullish signal. So, I am guessing the reason for all of this is just last minute money moving around. November is right around the corner and that is when the majority of assets will begin heating up. I personally am done with my rotations. However, there is still time to do so. You might want to give it a day or 2 to see how the PA is looking before you do. I have started posting charts on other assets I am in. So feel free to take a look if you want. I have said this a million times but I highly recommend diversifying your assets. That is a basic investing rule along with rotating. Consider this or you will be subject to unfortunate opportunity costs. As always I will continue to update you all! Thanks again!
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.
BTC looks like it is still consolidating in a flagging pattern for push higher.
Total2 is almost at its ATH.
BTC.D dropping like a stone.
Lot of ugly patterns for alts at the moment.
ADA is still in short term bearish structure.
However descending channel signals upward breakout.
I have noted important levels on chart.
Important dates:
BTC ETF Deadlines Nov. 21, Dec. 8, Dec. 11 and Dec. 24.
Hey everyone sorry I have been posting a bit less. I have been fighting through internet outages and have been busier than usual due to that fact. Overall the market looks fine. BTC is consolidating in a flagging pattern while its dominance is still heading south. Total2 is nearing its ATH thanks to ETH. However I see a lot of ugly looking patterns for a lot of alts which is making me believe there might be some cooling off in the near term. Because of this fact, I have noted both upside and downside targets for ADA. I also noted the level that needs to be crossed for bullish targets to be considered. This is all fine as long as the PA staying within the descending channel. After all, the descending channel itself is a bullish signal. So, I am guessing the reason for all of this is just last minute money moving around. November is right around the corner and that is when the majority of assets will begin heating up. I personally am done with my rotations. However, there is still time to do so. You might want to give it a day or 2 to see how the PA is looking before you do. I have started posting charts on other assets I am in. So feel free to take a look if you want. I have said this a million times but I highly recommend diversifying your assets. That is a basic investing rule along with rotating. Consider this or you will be subject to unfortunate opportunity costs. As always I will continue to update you all! Thanks again!
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
Australia is going to approve BTC spot ETFs.Note
I should mention to everyone I am looking for an entry into CRV. I expect more cooling before completing its cup at 23.0.Note
Something to note after PlanB's model missed by 3% and some of my thoughts.He has said in the past, he likes being a private person and working from the shadows. He has also mentioned that inevitably, he expects people to turn on him at the drop of a hat, despite all that he has given them in terms of knowledge and guidance. He understands the markets better than most people do, and I must say that I agree with him on the vast majority of his points and how he feels. I struggle with how much I should interact on here. I am not used to being a public person. In fact, I do not like it very much. I guess I messed that up from the beginning, but I never imagined that I would get a following like this in 2 months. I thought I would just get lost in the mess of it all and maybe a few people would notice my charts and their accuracy. To be honest, I thought it would be funny to put out really good charts in the middle of a million bad ones. Almost like a weird treasure hunt. I'm sure when PlanB started posting on twitter he felt the same way. Anyways, he missed his target by 3% and of course, the naysayers came out to play. There are a few things people do not understand. 1- He does not have to to this at all. 2 - The problem with a model that is accurate with monthly closing prices is everyone knows it is accurate, and they will try to trade around it. Therefore, at a point, it will become inaccurate. He does not interact with his following. I hope this helps you understand why.
Note
Things should start picking up soon for the market in general. The drop to 59k for BTC solidified that for me. This was a movement I was waiting for. It created an inverse H&S pattern and though there is no perfect neckline which means I am not going to get a target out of it, it is bullish in structure. You can take a look at the 4hr chart and see for yourself. Anyways, that doesn't matter much now. The market is going to get rocking and rolling here soon. BTC.D is right where I want it, and so it Total2. Time to kick back and wait for the 1 sided action. If I see an opportunity, you know I am going to jump on it. But other than that, this is like a small trading vacation for me. LOLNote
And... there it goes!Note
So when I woke up I wanted to see things moving right along. I have just gotten done looking over everything. It looked good when I went to bed, but it fell off a bit. If I do not see anything soon, there is a real possibility of more blood before we get moving. We will see how it goes. Zooming out, things look good, it is just the micro level that needs to look better.Note
Eyeballing an entry for KDAUSDTNote
Total2 new ATHNote
TRON looking good too. Soooo many options right now. These next few months are going to be insane.Note
ADA is back in business.Note
Just to let everyone know, the reason you are seeing so many cup and handles is because BTC is forming its handle right now. Once it gets done with its last flagging pattern it will push to complete the pattern and set a target of 100k pretty much right on the dot.Note
That is why while everyone was panic selling during September, smart money showed it was buying everything it could.Note
Plan B called 98k for Nov, lets see how it goes.Note
andddd there's my ADA upside target.Note
There goes my KDA :) Fun fact: One of the people behind KDA created the technology Satoshi used to make BTC.
Note
So a lot of you know I have a target for BTC around 180k. This is supported by on chain data and historical analysis of the price movements. I spent quite a bit of time looking at this. In altcoin land, I have said before that I expect 4-5x for large cap assets, and 8-12x for smaller cap assets during the next couple months. A lot of people are talking about a super cycle but I agree with PlanB on this one. I do not see it happening this cycle. That is why I am going to be accumulating a ton of more BTC in this bear cycle. I am going to be buying alts as well during the bear cycle for another long term hold. Cheers!Note
ETH is looking good. BTC did not complete it's move yet. I expect more blood from BTC before it starts moving unless there is a reversal signal. Worst case scenario in my opinion is 56k (bottom of the long green wick) before it bounces. We will see how it goes. Obviously it can bounce at any point so be aware of that.Note
If you are wondering where BTC will go in the extremely short term timeframe (3-4 days) watch the 60k level.Note
So my KDA is still taking off. CRV looks like its ready to take off. ONE looks very close to taking off as well. MTV already started, but I hope it will get stopped short and keep consolidating for a bit more. Honestly I want all of the assets to consolidate as much as it can until BTC starts running to give it a little extra boost and keep the movements in line with the market. All other assets look like they are consolidating where they are supposed to be. ADA had a tough time getting through that 2.13 resistance so it is going to need to fill out a little more. SOL can't be stopped. Every time I wish it would consolidate it only happens for a split second then starts moving again. Overall the market looks great. I hope you are all ready for some nice gains!Note
KDA does not look like it is done yet. Temporary consolidation. SOL-like vibes in the PA. Anyways, I will keep an eye on it and if stops moving for once, I will chart it.
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