Bullish Thesis: -Price has broken above and held above cloud -Bullish TK Cross -Bullish Kumo twist Risk/Counter Thesis: -Thin kumo on the immediate horizon (can act as a black hole that sucks in price) -Altcoin/Bittrex/Low Liquidity/Bearish Macro Environment Laddered Entry Range*: 0.00128778 - 0.00121517 *Position size should scale higher for better (lower)...
Short Term Bullish Thesis -Anticipating upcoming bullish TK cross -Price has closed/held within cloud -Price has held at Kijun -Volume is better than last week -One week straight of higher lows Known Risks/Bearish Counter-Thesis -Altcoin/Bittrex (low liquidity) -No bullish Kumo Twist -Bullish TK cross may not happen Laddered Entry Range* 0.00003988 -...
Bullish Thesis: -Adam/Eve pattern anticipates potential bottom/reversal -Yesterday candle close inside cloud creates partially valid Ichimoku edge to edge setup Risk/Counter Thesis: -TK cross has not happened yet and may not happen -Bullish kumo twist has not happened yet and may not happen -Altcoin/Bittrex/Low Liquidity/Macro Landscape Bearish Entry: 0.00000505...
Bullish thesis: Tenken above kijun Bullish kumo twist Price holding above cloud Printing higher lows since September Laddered Entry Range*: 0.00068296 - 0.00060804 *For optimal risk/reward, position size should scale higher as entry price decreases. Stop Loss is a conservative distance away from Kijun due to high chance of low liquidity wicks
Cardano/ADA = amazing tech, just waiting a little bit for a more clear sign that the market will bounce with upward momentum. Right now it seems relatively stable. Will wait for a little confirmed upward acceleration or a clear moment of price drop.