Long

Updated

Did you know that ADA still exists?

Yeah I was surprised too. I'm not saying you should ape into long at the weekly resistance but ADA looks good to me. Maybe at least you should set an alarm on this chart and be ready for crazy stuff.

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After all this effort at the bottom, one must think, at least it has to do some macro correction. At least a little bit of it.

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Some people are seriously like "Oh coins are not going down for weeks so it's time for them to go down." It doesn't work like that.

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People DCA'd all 2022 and got burned so now they can't see even now late 2023, is a better time to DCA than full blown bear trend in 2022. You have good HTF setups. And you can expect returns just in a couple of weeks.

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1) What

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No I'm joking I'm not surprised of course.

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I guess you can expect this kind of complete wave. Then maybe test 0.4s again? Idk I'm just bullish on this right now.

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This is what BTC pair looks like. Good. Hopefully it does this:

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First target hit. Time to be careful. Really crazy move.

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I'm mostly out of this. But I stay positive. 0.8s still looks like a good possibility.

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ADA chart is one of the charts I still like in crypto actually. Still holding that small part of long. Breakout was aggressive but it switched to consolidation mode immediately, which is good.

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Is BTC pair targeting this resistance zone?

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Ngl that top looks ugly atm. But it can be transformed into something really good. We'll see.

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What if ADA was this bullish? I can't deny the possibility. It's a really really good chart. You can be bearish about BTC, ETH etc. And I am bearish about them :D But this.. It's really hard to be bearish.

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Yeah it'd be really stupid to turn bearish about ADA. Unless it goes below 0.36. It's also a really good hedge if you wanna short crypto. One of the best.

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I believe ADA should come down again btw. I'll decide what to do if it comes near 0.42.

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Let's say it doesn't come down and starts slow grind like this. That's good. I'd buy higher then.

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Maybe? I'm still in spectator mode.

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We looking alright. I added a little bit to the position.

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Don't rule this out but stay positive. That's how I see ADA chart. The market is fine.

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How do we feel about this? I feel alright.

mitsandwits

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mitsandwits