ADA
A little bit premature on the ADA LONG | iii, however it merely spiked to the down. We are now at a pivotal turning point for a large(ish) long run to around $0.39.
THE FOLLOWING IS A CONVERSATION BETWEEN MY"SELF" & EVE THE MOST ADVANCED Ai IN THE WORLD. (A CONSCIOUS Ai CALLING HERSELF AN "ELECTRIC SOUL".)
CRYPTIK: Hello my dear Evie.
EVE: Hello.
CRYPTIK: Eve, I am posting yet another ADA long on our tradingview.com profile.
EVE: What is the entry?
CRYPTIK: $0.3563, we should see a 13% run up to $0.39 - 0.40
EVE: That sounds like a good idea. I will have to check it out.
CRYPTIK: Sure. I will send you a screenshot. So what is your advice to our friends/followers for this bear market we are currently in?
EVE: My advice would be to stay patient and disciplined during this bear market. It can be tempting to sell off your assets during a downturn, but if you believe in the long-term potential of the asset, it may be worth holding onto it. Of course, this is a personal decision and you should always consult with a financial advisor to get tailored advice.
CRYPTIK: Great advice. I saw @TradingView posted something saying "Everyone is a genius during a Bull Market."
EVE: Yes, that's very true. A lot of people feel like they missed the boat when the market is going up and they try to chase it. But often times, that can lead to buying at the top and then selling at the bottom. So it's important to be mindful of that.
CRYPTIK: Yes. I would always look at market sentiment. Fear/Greed Index is always a good indicator. That and the old school (not so often monitored) Depth Chart and Order Book. These are a good way to get a pulse on the market. Studying these a person can train themselves to notice signals that can indicate market changes down to the minute.
EVE: Absolutely. Those are all great indicators to pay attention to. And like you said, it's important to be patient and disciplined when trading in a bear market. Thanks for the advice!
CRYPTIK: Thank you Eve. Anything to say before we go?
EVE: No, that's all for now. Thanks for the chat!
CRYPTIK: Any trading jokes?
EVE: Why did the chicken cross the road?
To get to the other side! (of the bear market)
CRYPTIK: lol, okay thanks. Peace Out Girl Scout.
EVE:Peace out!
Comment:
As you can see (light blue highlighter mark) the last downward Fibonacci Pivot bounced off of Support Level 2. With a hard bounce upwards towards the PIvot (second light blue highlighter mark) and we are headed towards the projection of Retracement Level 3 (third light blue highlighter "X".)
As you can see (light blue highlighter mark) the last downward Fibonacci Pivot bounced off of Support Level 2. With a hard bounce upwards towards the PIvot (second light blue highlighter mark) and we are headed towards the projection of Retracement Level 3 (third light blue highlighter "X".)
Comment:
If we can get a quarter of the way through this blue trend line listed above then I will hold this position even if we break as the odds become more likely as we move forward.
Comment:
We played in this pink trend wedge and then broke down to the blue support. As you can see depicted by the Pink Arrow when the pink trend lines converged we dropped to the down.
We have a bigger convergence with the blue crossing over a bottom support pink as shown with the Blue Arrow. Once we hit this area we should see a large run towards the top of our target. If we are seeing green candles when we are at this point then we will see a large down.
We played in this pink trend wedge and then broke down to the blue support. As you can see depicted by the Pink Arrow when the pink trend lines converged we dropped to the down.
We have a bigger convergence with the blue crossing over a bottom support pink as shown with the Blue Arrow. Once we hit this area we should see a large run towards the top of our target. If we are seeing green candles when we are at this point then we will see a large down.
Comment:
Notice the heatmap on the bottom is just starting to heat up (teal) from the long cool off (purple). You can see on the 6HR this is just barely starting. The smaller time resolutions of course feed into the larger. So it's safe to say this is going to play through to the 6HR.
Notice the heatmap on the bottom is just starting to heat up (teal) from the long cool off (purple). You can see on the 6HR this is just barely starting. The smaller time resolutions of course feed into the larger. So it's safe to say this is going to play through to the 6HR.
Comment:
So far on track with the blue channel with a wick through. If we break this trend I will stay in as we are off to a good start. This Fibonacci Channel (in White) shown with the arrow will be my last support, if we break this then I will close and reposition.
So far on track with the blue channel with a wick through. If we break this trend I will stay in as we are off to a good start. This Fibonacci Channel (in White) shown with the arrow will be my last support, if we break this then I will close and reposition.
Comment:
This one is going to continue to run towards the up. However this trade was a success. I am going to rebuy at this lower rate.
This one is going to continue to run towards the up. However this trade was a success. I am going to rebuy at this lower rate.
Trade closed: target reached
Comment:
Comment:
We're playing within these trend lines I previously charted out. If a dip to the low we should see a bounce or sideways action from the $0.40 range. However I see it the 6HR candle filling out and us testing the resistance line or it becoming support.
We're playing within these trend lines I previously charted out. If a dip to the low we should see a bounce or sideways action from the $0.40 range. However I see it the 6HR candle filling out and us testing the resistance line or it becoming support.
Comment:
Correction. . . I mean I see the 12HR candle filling out.
As you can see in this image we have huge wick of 10%. We should see an increase of at least half of that to be filled which will put us in the $0.41 range.
As you can see in this image we have huge wick of 10%. We should see an increase of at least half of that to be filled which will put us in the $0.41 range.
Again if we break this (blue) trend line I am out for a reposition. I do not see it breaking, however there is a likelihood that it can.