ADAUSD Worst Case Scenario
Updated
Important things to note:
This is just the roadmap if I am wrong and the price of BTC falls for 1 more movement or ADA over corrects.
Price would fall to 1.71 and likely touch the 200MA.
Right now, we look bullish so this isn't the most likely scenario, it is the 2nd option.
The price would have to fall below 1.91 to signal this movement.
This is the option I had originally believed was the likely move.
Once, I saw the bullish signal from BTC, this changed my mind.
The price drop to 1.71 would be the end of the correction.
So a lot of people have been asking me what will happen if I am wrong and BTC creates another low or the retracement of BTC do not represent the movements of ADA. The answer to this question is my original target of 1.71. As I said before there are 2 options, the one I choose would be the current low of 1.91 remains intact and the price consolidates and moves up from here. The second option would be the movement to 1.71 with a touch of the 200MA and a move upward from there. These are the only 2 likely scenarios that I can see at the moment. The first option of a move up from our current lowest low is what I think will happen. This may not matter to you much because the outcome of both scenarios are a movement upward and an end to the correction. If I am wrong, this is the scenario that will play out. We will see what happens. Right now, my idea seems to be looking pretty good! BTC and ADA are very close to a cross via the MACD on the 1D and I see bullish structure starting to form. I will keep an eye on ADA and update you all accordingly! 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.
This is just the roadmap if I am wrong and the price of BTC falls for 1 more movement or ADA over corrects.
Price would fall to 1.71 and likely touch the 200MA.
Right now, we look bullish so this isn't the most likely scenario, it is the 2nd option.
The price would have to fall below 1.91 to signal this movement.
This is the option I had originally believed was the likely move.
Once, I saw the bullish signal from BTC, this changed my mind.
The price drop to 1.71 would be the end of the correction.
So a lot of people have been asking me what will happen if I am wrong and BTC creates another low or the retracement of BTC do not represent the movements of ADA. The answer to this question is my original target of 1.71. As I said before there are 2 options, the one I choose would be the current low of 1.91 remains intact and the price consolidates and moves up from here. The second option would be the movement to 1.71 with a touch of the 200MA and a move upward from there. These are the only 2 likely scenarios that I can see at the moment. The first option of a move up from our current lowest low is what I think will happen. This may not matter to you much because the outcome of both scenarios are a movement upward and an end to the correction. If I am wrong, this is the scenario that will play out. We will see what happens. Right now, my idea seems to be looking pretty good! BTC and ADA are very close to a cross via the MACD on the 1D and I see bullish structure starting to form. I will keep an eye on ADA and update you all accordingly! 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
Contracts expire tomorrow, a push to 45-46k right before that and the shorts will get destroyed.Note
Ok everyone its time for bed. There is nothing really going on right now, just consolidation. Hopefully when I wake up there is a move. BTW I was thinking, should I dress up as China FUD for Halloween? LOL just a thought. Goodnight everyone!
Note
BTC is running, just hit a key level.ADA just breached resistance, price target hit perfectly!
Note
As I said over the weekend, this was going to be a bullish week! :) Congrats everyone!Note
Bears trying to profit book and bully ADA, lol not anymore! BTC is bullish now! Those cheap tricks aren't going to work!
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