We saw what we needed to see from ADA, and we've passed our .702 Fib Retracement from the previous all time high in 2018.
I planned to take profits at $.90. And I did, 25%. This will be used to reinvest in any future dips that ADA will have.
Looking at the daily, I don't think we're slowing down just yet. ADA has been steadily increasing from day to day, and honestly it makes me nervous. These parabolic moves are crazy. And I think this is just the beginning. Seeing as how Goguen will bring smart contracts to ADA by the end of February, with ETH interoperability on the way. I don't think its time yet to take too much off the table.
Next stop will be a solid candle body at $1. This is also the .786 Fib Retracement from the 2018 ATH.
I think that a lot of traders are going to have sell orders at $1.00, dropping the price. This is when I plan on taking that 25% and putting it back at the $1 dip.
It's a bull market, shorting is not the best idea for me. And, since we typically only see a bull market every 4 years, my next big profit pull (35%) is projected at $1.40.
Happy trading my friends.
NOT FINANCIAL ADVICE.
I planned to take profits at $.90. And I did, 25%. This will be used to reinvest in any future dips that ADA will have.
Looking at the daily, I don't think we're slowing down just yet. ADA has been steadily increasing from day to day, and honestly it makes me nervous. These parabolic moves are crazy. And I think this is just the beginning. Seeing as how Goguen will bring smart contracts to ADA by the end of February, with ETH interoperability on the way. I don't think its time yet to take too much off the table.
Next stop will be a solid candle body at $1. This is also the .786 Fib Retracement from the 2018 ATH.
I think that a lot of traders are going to have sell orders at $1.00, dropping the price. This is when I plan on taking that 25% and putting it back at the $1 dip.
It's a bull market, shorting is not the best idea for me. And, since we typically only see a bull market every 4 years, my next big profit pull (35%) is projected at $1.40.
Happy trading my friends.
NOT FINANCIAL ADVICE.
