nycgrowler

ADA Cardano - If BTC & Support Hold = Big Upside

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BITTREX:ADABTC   Cardano / Bitcoin
Entered Long:
Cardano / BTC
ADABTC

Cardano broke through resistance yesterday. The ability to hold that line seems highly dependent on BTC maintaining ~8700 - 8800. If it holds, I'm looking to exit at next fib resistance.

Ichimoku T-K Cross bullish on shorter time-frames. Incoming bullish cross on the 4-hour. MACD looking good. Stops Loss set. Optimistic on this one.
Komen:
UPDATE: BTC is wild and ADA is reacting (obv). My short-term plan changes if BTC breaks support at $8200. If or until then, I am adding to this ADA position, bringing down average. Must say, I have a bit to lose if this thing gets ugly.

Don't think ADA drops below 2000 for more than a moment. If it does, I'll assume BTC is below $8200. If BTC is above that point and we see sub 2000, need to consider exit.

No advise here, just info. Feedback, critique, comments welcome.

Good luck to all (nocoiners excepted).

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.