ADA.USDT (Y20.P4.E1.v2).Looking for the next long
Updated
** A continuation of the previous post, link provided below **
Hi All,
Just a reminder:
Most Traders are stating that we are in the earlier stages of a bull run, not just BTC but SP500 and Gold.
So what we are seeing is a likely ABC correction.
We have 2 types of possible correction, a mild or deep correction as I explained in my SP500 latest post.
With the SP500 we have hit the mild correction target of 3230, if its to be deeper, then 3230 is point A (refer to me chart below or previous post)
=======================================================
If your one of those who want to go long with Cardano, along with LINK, LEND, KAVA, defi well performing coins, then here is the area where I will be looking to buy the dips.
Strategy: You are unlikely to find the bottom so start buying the dips, in this green zone.
If SP500 has hit its target, then we should see some bottom formation here and likewise with BTC we still maintain a lower high, charts below.
For now, it looks like the SP500 is holding along with the US dollar index, so a bounce is looking more likely.
Note the hidden bullish divergence with price and the RSI
Please give me a like or tick for this post.
Regards,
S.SAri
Current SP500 chart, wedge formation with a bullish div. in the short time period
BTC\SP500 correlation
My thoughts on the US dollar
BTC chart
PREVIOUS POST:
Hi All,
Just a reminder:
Most Traders are stating that we are in the earlier stages of a bull run, not just BTC but SP500 and Gold.
So what we are seeing is a likely ABC correction.
We have 2 types of possible correction, a mild or deep correction as I explained in my SP500 latest post.
With the SP500 we have hit the mild correction target of 3230, if its to be deeper, then 3230 is point A (refer to me chart below or previous post)
=======================================================
If your one of those who want to go long with Cardano, along with LINK, LEND, KAVA, defi well performing coins, then here is the area where I will be looking to buy the dips.
Strategy: You are unlikely to find the bottom so start buying the dips, in this green zone.
If SP500 has hit its target, then we should see some bottom formation here and likewise with BTC we still maintain a lower high, charts below.
For now, it looks like the SP500 is holding along with the US dollar index, so a bounce is looking more likely.
Note the hidden bullish divergence with price and the RSI
Please give me a like or tick for this post.
Regards,
S.SAri
Current SP500 chart, wedge formation with a bullish div. in the short time period
BTC\SP500 correlation
My thoughts on the US dollar
BTC chart
PREVIOUS POST:
Note
Trade closed: target reached
Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.