Last time shorts will be profitableSo, BTC entered a bullmarket a few months ago already, thisis the last levels you will be able to short, maybe even a bearish reversa? hihi, jk, lets not hope BTC dies just because we want to keep ranging.
GL everibody and to people who came late, wellcome to the bull market!!
unless the market crash drags bitcoin down
Laststand
The Last StandMany are calling to go long on ADA now. So I take a close look. Fibonacci 0.786, is pretty much the only thing Cardano ADA has going for it at the moment. I see no Bull signal anywhere yet. Many people have high expectation for this coin, myself included.
Corrections usually goes overboard. Yellow trend line is my take for the ADA true value. Should eventually work it way back to that and then more hype will kick in.
I'll wait for the Bull flag which should be soon. If it drop below 2252 Satoshi, Fibonacci will rise for his grave and say "WTF is going on with crypto?" :)
EURUSD. DRAGHIS LAST STAND AT 1,4000. PART3. Coordination Point.As you can see with the attached links, that one went well. Why the update? Because I do not do the market, we all do, and with all due respect, I can see one possibility that is noteworthy. But to be sure, weekly I am still strong short on this pair, at 1,3550 I have to reconsider, at 1,40 well, then it is too late anyway.
So besides all the short load I carry with me, we may face some interesting price movement, there is a coordination point ahead. A rebound until 1,3200 should carry the pair easily to 1,34, judging from the then to see fractals even more. Why? There is the slight chance that the 1,40 EDT I counted has done its magic.
What to do? Well, I earned quite some pips, so I will cash in half of it. When I can see some impulsive structure up, I wait for it to come back and maybe launch an investigative long trade, stop under the starting impulse and fast over the entry.
But overall, I am still positive for the target at 1,11.
EURUSD. Draghis Last Stand at 1,4000. Part2As shown in the link below, the analysis finally worked. Trading was also nice, but not too good, as no gas station available on the way down... so sadly no multiple entries.
To the patterns: As seen in the pic, I favor the pink 2/b finished. But, still room for a longer and higher 2/b, please keep in mind. The scenario for EURUSD 1:1 is full intact and on a good way, but pretty much not certain. The 1,3000 is the next big thing and could happen fast as the patterns right know (without the longer 2/b) look bearish. Pretty bearish.