ADA is coming, have you been naughty or niceHello traders and enthusiasts !
I am "The Real Johny Button", legendary trader from wall street and Goldmans Sack here to express my opinion today ! Lets dive into the scenarios lining up for ADA:
Well it has been nice to be shooting some elephants recently. Everyone I hope got some of that last run a month ago, and made more profit on investment than any financial firm could offer over a 5 yr period.
So we could be in the correction period. I always look at the chart for the entire market cap to see overall what the hell is going on. On that chart we formed a low bowl shape (CUP) and have come up in 3 waves to complete this pattern...Next would be the Handle if chart patterns exist.
So across the board in crypto we have made this climb up, and are pulling back to correct ourselves. This will usually pull back to the 38% FIB level (PINK LEVELS ABOVE), before shooting up for another run to profit, making our Handle. The coloured FIB levels are my estimated measurements for the bounces down to the Pink 38% level before we explode hopefully...these coloured levels I adjust as the game plays out to use alongside indicators to predict reversals.
So i like ADA. It has made me rich in the past more than once, as i originally got it at $0.02 last yr. It is looking to create the best profit compared to other coins paired against the USD, it has a good team who is working hard on bringing this together...note; 2018 is the year of showing your cards people, and only true players (products) will be able to do that...all in all though ADA is being traded and is paired against the USD on Binance, so thats a good reason to back it for now anyway, you can trade inn & out fast and easy.
So the green lines above are my buy orders. Im going for the gamble, if it gets to them and they trigger. I will be happy to just hit one order...profit is profit, little or large. I dont think it will crash and never recover, it has to much happening this year, but it is always a chance, I will enlist an eject order, and play another day.
I expect the MACD and RSI to level out in some small consolidation periods on its climb down, so in later updates it will look really nice to trade.
note:
Everything moves in 3's. I apply this thought to my charts and MACD reading. I call Elliot wave 12345, 3 waves up because thats just how i see it. 3 is my magical number and has proven to be a nice way to be on a good path for me.
Regards,
Johny Button
