Important things to note:
BTC is holding the critical 48k level I have mentioned previously and is producing buy signals at the moment.
ADA has a few choices
It will either consolidate until 2.37 and push upwards
Fall to 2.26 and push upwards
Minor target of 2.83
Major target of 3.25
2.2 less likely
ADA not likely to break main trendline
Important Dates to Take Note of:
ADA Summit Sep 25-26 2021 (likely to produce more important dates)
I have to make this short because I have my big test tomorrow and need to study the rest of the day. BTC is holding the 48k level I have said previously is the most important level and will decide where it goes from here. That is very bullish and unless things change, it will consolidate to push to 50k. ADA has a few choices right now. It can either consolidate all the way to the 2.37 level and push upwards, or fall to 2.25 and push upwards. The fall to 2.2 looks unlikely now because it would have to break the main trendline and I don't see that happening at this point. My minor target for ADA is 2.83 and my major target is still 3.25. We will know what happens very soon. That is about it for me everyone! Thanks again for all of the support and your patience while I study. I will be back soon! I will try my best to update you all and reply when I can! I will keep and eye on ADA. Thanks again everyone!
Also, it is worth mentioning that TradingView has reached out to me and offered me very kind words, and showed me some support. I thought that was very nice of them and it was very unexpected. Though, I never planned for any of this to happen at all. I was constantly making charts for myself and my friends and some of them suggested I post them publicly. I never imagined any of this would happen, if I did, I would have waited until I had a bit more free time LOL. However, it makes me really happy to know that people are learning from my charts and hopefully it will encourage you all to learn technical analysis for yourselves! In a couple weeks I will have more time to make the educational content you have been asking for, and I will likely chart a wide spectrum of assets. Thank you again for all of the support, it means more to me than you know!
Now for some good news. As a person who follows ADA closely, I know that the adoption of the platform will happen very quickly with the release of smart contracts on the 12th of September. In fact, I think it was built with such a great foundation, I might just do an entire post on the fundamentals of Cardano sometime in the future. Pretty soon, we will see NFTs being created, DeFi, applications being developed, and overall strong adoption of the ADA blockchain platform as a whole. If there will be any immediate reason for ADA to move higher, it will likely be news coming from the summit on the 25-26 of September. So I would keep an eye on their twitter accounts around that time.
Again, I apologize for having less time to post at the moment, but that will change in a couple weeks.
I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it.
Tell me what you think?
This is not financial advice. DYODD.
BTC is holding the critical 48k level I have mentioned previously and is producing buy signals at the moment.
ADA has a few choices
It will either consolidate until 2.37 and push upwards
Fall to 2.26 and push upwards
Minor target of 2.83
Major target of 3.25
2.2 less likely
ADA not likely to break main trendline
Important Dates to Take Note of:
ADA Summit Sep 25-26 2021 (likely to produce more important dates)
I have to make this short because I have my big test tomorrow and need to study the rest of the day. BTC is holding the 48k level I have said previously is the most important level and will decide where it goes from here. That is very bullish and unless things change, it will consolidate to push to 50k. ADA has a few choices right now. It can either consolidate all the way to the 2.37 level and push upwards, or fall to 2.25 and push upwards. The fall to 2.2 looks unlikely now because it would have to break the main trendline and I don't see that happening at this point. My minor target for ADA is 2.83 and my major target is still 3.25. We will know what happens very soon. That is about it for me everyone! Thanks again for all of the support and your patience while I study. I will be back soon! I will try my best to update you all and reply when I can! I will keep and eye on ADA. Thanks again everyone!
Also, it is worth mentioning that TradingView has reached out to me and offered me very kind words, and showed me some support. I thought that was very nice of them and it was very unexpected. Though, I never planned for any of this to happen at all. I was constantly making charts for myself and my friends and some of them suggested I post them publicly. I never imagined any of this would happen, if I did, I would have waited until I had a bit more free time LOL. However, it makes me really happy to know that people are learning from my charts and hopefully it will encourage you all to learn technical analysis for yourselves! In a couple weeks I will have more time to make the educational content you have been asking for, and I will likely chart a wide spectrum of assets. Thank you again for all of the support, it means more to me than you know!
Now for some good news. As a person who follows ADA closely, I know that the adoption of the platform will happen very quickly with the release of smart contracts on the 12th of September. In fact, I think it was built with such a great foundation, I might just do an entire post on the fundamentals of Cardano sometime in the future. Pretty soon, we will see NFTs being created, DeFi, applications being developed, and overall strong adoption of the ADA blockchain platform as a whole. If there will be any immediate reason for ADA to move higher, it will likely be news coming from the summit on the 25-26 of September. So I would keep an eye on their twitter accounts around that time.
Again, I apologize for having less time to post at the moment, but that will change in a couple weeks.
I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it.
Tell me what you think?
This is not financial advice. DYODD.
Commentaire:
The upward movement happening right now for BTC after its last retracement will determine where the altcoin market is headed in the near future. It will either be good or 38k for BTC.
Commentaire:
I should also mention that if you take a look at the entire altcoin market cap, there is a giant cup, this cooling will likely produce a handle. Cheers everyone!!
Commentaire:
Also I was taking a look at stock flow modeling and I believe BTC will grow higher than people think by the end of this bull cycle. Ok I am back to studying!
Commentaire:
So I haven't seen a strong bearish impulse from BTC yet, and we haven't seen a run to 50k yet. Set alerts for 2.26 and 2.2. I am going to be gone for the vast majority of the day taking my test. I haven't put out another chart because I have been studying. I will be back later tonight. Thanks again!
