See chart, I explained my thoughts there. Also if you look at the ADABTC pair, it looks like it's bottoming out. I think there's a good chance for ADA to wake up from this consolidation once Bitcoin starts breaking out, which looks likely.
Might be another dam ascending triangle boys.
Ultimately depends on what Bitcoin does, but we could see 80-86c ADA if Bitcoin dump to around 43-45k this week.
The last consolidation period had one touch of the trendline and then breakout. If Bitcoin is still parabolic, then the consolidation period may be ending soon if we draw a new trendline with a higher slope. On the flip side, If Bitcoin does not break out next week, then it is at risk of going to about 40k to test the lower trendline. All my opinion. Good luck.
Not until we break above the right shoulder above 13350. Just my opinion.
The ADABTC pair looks like it's bottoming out soon. Maybe we get a stab lower to 21's, but I don't think we'll see a breakdown. Just my opinion, good luck.
I think Bitcoin along with traditional markets has a little bit more downside. Then up big time. PT: Blue box, ~41K Invalidation: above 49500 All my opinion. Good luck.
US10Y is still sitting at resistance. Stocks may be hesitant to pump further here and may even dump again. I don't think we're about of the woods yet. Just my opinion.
Title says all. Just my opinion.
The correction might be over soon. Either we break out to the upside, or down to about 41k. Then I'm expecting another larger consolidation pattern throughout next month.
Weak traditional markets due to higher treasury yields and stronger dollar still worries me. We might see a little more downside before going much more up. All my opinion. -Prince Doge
This is all my opinion. This is a log scale chart on the monthly time frame. I think it's too soon for rates to break out here. Rates will be kept low at most until the end of 2023.
I was curious what patterns I could find on the US10Y log chart and I found this massive 40 year long parallel channel. As you can see, yields stayed inside the channel for 40 yrs, but it dropped below every time there was a financial crisis or issue. Yields have always re-entered the channel. Maybe I am not experienced with yields enough, but I have a hard...
Stocks are looking iffy. 10 year yield continues to rise, dollar rising, and the FOMC FED meeting isn't until Mar 16. Stocks will correct if rates continue to rise and Bitcoin should correct as well. Not because of correlation per say, but because it's a good opportunity for whales and exchanges to shake out weak hands and liquidate over-leveraged positions. All...
It's hard to tell what pattern Algorand is in right now. To me it looks like a descending triangle as shown. I think Algorand is about to break out sometime this weekend. Continued falling BTC dominance would support this hypothesis.
I believe Algorand will follow Cardano ADA and make new highs. Move may be even more dramatic because of smaller mkt. cap.
I'm a bit late on this. I think alts will have a good time this weekend while Bitcoin goes sideways for the most part. I wouldn't bet on the bottom macro trend-line getting broken just yet. Expecting a bounce. IMO.