SlimFoot

SlimFoot

The price actions marked by the circles seem similar enough... I thought I'd point it out... So I am expecting a similar movement as denoted by the red pointed lines. BTC might move sideways and then dump further according to my current view... These are all *short term trends* as we are still in a bull market and we will remain to be so unless we close below...

SlimFoot

I just noticed the the 20 EMA serves as a good indicator for the short term bearish move we are seeing... The dead cat bounces seem to bounce of off the 20 EMA line... So you can use this indicator to check and see if there is a reversal or if it is just a fake bounce... I am also looking at ADA and ADA seems to mimic BTC for the moment, so unless we see BTC...

SlimFoot

As btc ascends on smaller time frames I saw this trendline... thought it may be useful for trading..

SlimFoot

Trendline speaks for itself :)

SlimFoot

The recent pullback in BTC seems to have affected the price of ADA. And the bounce backs seems to be muted by the BTC price action. I still believe there will be tremendous upside once the panic ensuing around BTC (USDT scandal talks, Economic recovery effects etc) get resolved and BTC start trading over 40K Then cardano should easily make it to the 2 dollar...

SlimFoot

Bitcion is in a bull market, it will remain to be so until we fall below 30 thousand dollars... That being said, on the smaller time the fighting between bears and bulls continues... Tom Demark has this idea, the over exuberance as reflected in the price deviating from the trend line will be met with panic once the trend line breaks... So according to that...