Update on ADA long idea
Updated
Some add ons to my previous idea and added reason for my analysis. The dips bounced off of the 200 MA. If MM's decide to shakeout I see a strong reason to bounce around $1.50 area. Trend line + Fib line.
On the run up I would expect some MM's messing with but if BTC runs I don't see many reasons that ADA (and ALGO) for that matter would not run hard with it.
On slower days if you put SPY next to BTC you will see a some interestingly similar patterns.
My BIG holdings are BTC, ADA, ALGO.
Feel free to let me know your opinions on my analysis.
Opinion not advice.
On the run up I would expect some MM's messing with but if BTC runs I don't see many reasons that ADA (and ALGO) for that matter would not run hard with it.
On slower days if you put SPY next to BTC you will see a some interestingly similar patterns.
My BIG holdings are BTC, ADA, ALGO.
Feel free to let me know your opinions on my analysis.
Opinion not advice.
Note
Sorry for the cut off words. The upper box reads "I would expect consolidation or MM activity here".
Semi-retired tech entrepreneur turned day trader/crypto junkie.
Sailor.
Sailor.
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