RSI divergences on ADA/BTC are insanely accurate at predicting a reversal, better than any other indicator I've looked at. Few false negatives, and even fewer false positives. Anyone have a favorite indicator for predicting tops/bottoms?
If you bought 1 BTC for $2.25 in November of 2011, and you made four (and only four) ABSURDLY perfect BTC/USD trades over the course of the 9+ years since, how much would your portfolio be worth right now? Over $2.5 million. Timing is everything. Try not to work too hard.
I should squiggle more often.
The next two weeks or so are obviously critical. Will be watching volume closely as the $1.50 level is retested. If it doesn't break out by early/mid April, I think we're looking at a substantial correction before the next big move. Not sure which is more likely, but I can say I'm not buying the ascending triangle, though it's tempting. Still very bullish...
As expected, VTHO has paused for a breath. I think the two most likely scenarios are both bullish: Scenario 1: 24-28 hrs consolidation, then a continuation up along the inner parabola - I still have an open position with my stop ziplining behind the inner parabola - Not looking to buy here Scenario 2: 5-7 days...
This one could go either way. Ranging at the moment, trying to decide whether to party or take a nap. Still way inside parabolic, with plenty of room for retracement, so I'm keeping my stop tightly below 0.054, and out immediately if there's a convincing bounce off the prior trendline. Certainly still hope for a good time here though.
if it breaks past 0.0119 we could be off to the races
not sure about targets. may wait until overall parabolic advance is broken.
On Balance Volume formed bullish divergence