ADABTC trade ideas
Cardano/BitcoinCardano with multiple projects in the works. Implementation of its smart contract Goguen, Cardano would most likely return to its all time high (ADA/BTC) which 2018 was 0.00008779 BTC. With bitcoin currently at $47,000. Cardano should be around $4.13 given it reaches its satoshi value from 2018. If bitcoin continues to rally we can expect to see Cardano at $8-$10.
ADA/BTC Bullish Head and Shoulder breakoutADA/BTC show a bullish head and shoulders breakout.
The first upper target is set by the orange line.
Cardano soon will be updated and become a plattform as ethereum.
Within the next two months Cardano will be fully decentralised.
All this shows the bullisheness of Cardano, ready to takeoff.
ADA - Time to AccumulateAfter a major Bitcoin climb ADA has seen a decent pullback, like most of the altcoin market. It is now time to take advantage of the opportunity and accumulate some cheap ADA. So let's take a look: Right now on the hour we are looking slightly bearish, so I think we can get a lower entry and I am aiming for 1,400-1,480 sats. The 4H looks like it is about to flip bullish so we can potentially see some good movement within the next day or two. Take a look at the bullish crossover about to form on the MACD. The AO is also on it's last red leg it seems, which is a good sign of reversal in the trend. Using fib levels from the 1D chart to find some targets.
Entries: 1,400-1,480 sats
Stop Loss: 1,370 sats (right below the daily close)
Targets: 1,600 - 1,800 - 2,000 sats
ADABTC potential pump to 2000 satsHi guys, if you like this post, please support me by clicking the like and follow buttons and leaving a comment! Thanks!
ADABTC is testing the 200MAs on the 1H chart and has bounced quite nicely, could be a nice risk reward trade to 2000sats. Had already called an entry on ADA back at 1100-1200sats.
Full disclosure, im personally hodl btc and eth and not trading ada, just sharing what i see in the charts.
DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I will not be responsible for any actions you take based on the analysis and comments that I provide. I am simply sharing what I am doing, and is not meant to be investment or trading advice. What you choose to do with the information that I provide is your own sole responsibility! The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk!
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ADA:BTC breaking out of long term Inverse H&S pattern LONG BULLJust a quick one, I'm not going into the fundamentals because I think most of you are fully aware of the current bullishness of the market and the caliber of Cardano. I just wanted to point out the formation of this massive Head & Shoulders pattern that started forming in Jul 2018.
Wait for the the breakout & confirmation. It should do a quick 100% Vs. BTC once it does. Check the chart linked below for a deeper look at my thoughts on Alts Vs. BTC... Like & sub!
1st Target: .00002900 BTC (+100%)
Never Trust. Verify.
D.Y.O.R. Not Financial Advice Just an Observation.
Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key . Capital preservation above all else.
Cardano (ADA) • We hit another target. Now to next one. Cardano hitting pretty much all targets and forming more consolidation. This rally likely to take us next target (around 40% from here) and pretty soon ATH into price discovery.
At the date of this video. Cardano took XRP marketcap and is now the 3rd biggest (discounting USDT) crypto by marketcap and around 1/10 of the size of ETH. In my opinion ADA will gain significant marketcap simply because it offer better RR than top 2 and as result will rive a lot of speculative liquidity into it and pushing into higher levels faster than ETH and BTC.
