DrLance

DrLance

Will it pump? Clear cup and handle formation. Does it need more time or will this resistance turn upwards?

DrLance

Bulkowski says you need at least seven days for it to count as a handle. We are at about 11 and it is hitting prior resistance. Will it turn to support and pump?

DrLance

I charted out possible phases and resistance lines according to the Wyckoff accumulation pattern. I'll be interested to see how closely it continues to follow the pattern.

DrLance Updated 

If BTC is indeed following the Wyckoff Accumulation pattern, this is what it may look like. See link below for info on Wyckoff analysis.

DrLance

If ADA is following the Wyckoff Accumulation model, we should see something like this. BTC is following it almost exactly. Link below on Wychoff info.

DrLance

On the daily chart it looks like ADA has started its downward path before pumping again. maybe time to break the trend on this next high and go parabolic? We'll see. Looks like we could go down all the way to 1.30 and still be healthy. If it goes down into bearish territory then it will be time to accumulate more befor the next massive pump. Not financial...