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#BTCDAILY - 6.DEC.21 MACRO LOOK AT BTC#BTCDAILY - 6.DEC.21 MACRO LOOK AT BTC What a few days!!! We have been dumping now for about 24 days - so if you've made it this far without selling or DCA'ing well then keep it up! Although we will probably have a little further to go. After taking some further time to look at current movement versus previous patterns $40k-$42k is looking more and more like the bottom to me. I think we are going to move into a descending triangle/downward wedge from here. There is a slim chance of bouncing to $53k from here but SLIM. The support we are on at $46k looks weak. Currently our Key supports are: $46k $40k $30k This is not a FUD analysis but a heads up that I think we will drop further to target stronger DCA buys and accumulation. Things to look out for is key adoption (Amazon, Ebay, Apple), Spot ETF (Grayscale, ARK), national adoption (similar to El Salvador etc.) or even PayPal opening the doors in other markets to turn the tide.
by Kryptochristian
$ADA multiple scenarios aheadThat's why trading is so interesting, right ? $ADA could form an inverse Head and shoulders on 4h. It could make it's last down leg if the overall market will correct a little, as we can see it right now. Last leg could go around WEEKLY DEMAND at BROWN Channel. Still a cup and handle in play if H&S will form. I personally believe that crypto market will see it's final leg up untill spring/summer 2022 and ADA will be one of the main stable coins around there. Everyone will hype on shitcoins but real investors will try to secure their investments in stable coins. Im watching ADA very closely and jump in it when its ready.
by BBC13
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