ADAUSD Pushes Higher on BTC & ETH ATH
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Important things to note:
BTC and ETH hit ATH.
Total2 has completed cup and handle and IH&S pattern.
Altpairs are still a mess right now.
BTC.D may have hit local top.
We are seeing money flow into alts like it did before (around Oct 12).
ADA is at an important point in terms of consolidation.
ADA will either keep consolidating and break out.
Or if BTC pulls back it will drop slightly and bounce to break out.
This solely depends on if BTC pullback from here until 73k.
Important dates:
BTC ETF Deadlines Nov. 21, Dec. 8, Dec. 11 and Dec. 24.
Ah finally something to talk about. Let's start of by popping a nice bottle of wine for the BTC and ETH ATH that just occurred! (I will do the honors if you can't LOL). So first off, ETH has hit the marker that tells me alts are going to start moving. This doesn't mean they are about to blast off right now. Just that we will start to see some improvement of the PA. Total 2 has completed its cup and handle pattern and there is a nice inverse head and shoulders for good measure. We can see that money is flowing into alts like it did before around Oct 12th. I told you for a fact large investors are rotating into alts, now we see it again. Don't get ahead of yourself, I am expect a good Nov and and better Dec. Oct is just for positioning. BTC.D may have hit its local top. I will keep an eye on this but it looks great for alts. The altpairs continue to bleed but I think that won't last too long. Because I am expecting BTC to pullback at some point between now and 73K I am expecting some blood this week. It remains to be seen how affected the USD pairs are by this. ADA has too options and I am concerned, 1 - it will consolidate and break out of the descending wedge or 2 - it will drop a bit (due to a BTC pullback) bounce, and then break out. I would like to see the bounce occur because it will give more momentum, however either option is fine with me. Remember I said alt season would start at the end of OCT at the earliest and end of NOV at the latest. And yes, I still plan on doing my videos for everyone, time just has not been on my side recently. Patience is a virtue. Anyways, I will keep and eye on ADA and update you all accordingly! Thanks again!
I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it.
Tell me what you think?
This is not financial advice. DYODD.
BTC and ETH hit ATH.
Total2 has completed cup and handle and IH&S pattern.
Altpairs are still a mess right now.
BTC.D may have hit local top.
We are seeing money flow into alts like it did before (around Oct 12).
ADA is at an important point in terms of consolidation.
ADA will either keep consolidating and break out.
Or if BTC pulls back it will drop slightly and bounce to break out.
This solely depends on if BTC pullback from here until 73k.
Important dates:
BTC ETF Deadlines Nov. 21, Dec. 8, Dec. 11 and Dec. 24.
Ah finally something to talk about. Let's start of by popping a nice bottle of wine for the BTC and ETH ATH that just occurred! (I will do the honors if you can't LOL). So first off, ETH has hit the marker that tells me alts are going to start moving. This doesn't mean they are about to blast off right now. Just that we will start to see some improvement of the PA. Total 2 has completed its cup and handle pattern and there is a nice inverse head and shoulders for good measure. We can see that money is flowing into alts like it did before around Oct 12th. I told you for a fact large investors are rotating into alts, now we see it again. Don't get ahead of yourself, I am expect a good Nov and and better Dec. Oct is just for positioning. BTC.D may have hit its local top. I will keep an eye on this but it looks great for alts. The altpairs continue to bleed but I think that won't last too long. Because I am expecting BTC to pullback at some point between now and 73K I am expecting some blood this week. It remains to be seen how affected the USD pairs are by this. ADA has too options and I am concerned, 1 - it will consolidate and break out of the descending wedge or 2 - it will drop a bit (due to a BTC pullback) bounce, and then break out. I would like to see the bounce occur because it will give more momentum, however either option is fine with me. Remember I said alt season would start at the end of OCT at the earliest and end of NOV at the latest. And yes, I still plan on doing my videos for everyone, time just has not been on my side recently. Patience is a virtue. Anyways, I will keep and eye on ADA and update you all accordingly! Thanks again!
I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it.
Tell me what you think?
This is not financial advice. DYODD.
Nota
Edit: since TV is broke and I cannot edit my posts... ADA has two options as I am concerned, 1 - it will consolidate and break out of the descending wedge or 2 - it will drop a bit (due to a BTC pullback) bounce, and then break out.
Nota
The first BTC futures ETF is here! Leave it to proshares to get things done!!!Nota
PlanB sounds like Bane from the Dark Knight Rises and I love it. LOLNota
CORRECTIION AGAIN LOL: Since I can't update my charts right after I post them I have to do it here. I keep calling it the ETH ATH but it's not, it just passed the level I have been looking at for like a month now. I accidently set the alert as ETH ATH so I keep repeating it. Again, not the all time high, just a high above the critical level. My mistake. Sorry for the confusion. I'm going crazy with all of these charts LOLNota
I am noticing more and more of my traditional investment friends being interested in crypto. This is a bitter sweet moment for me. I expect crypto will be far more popular after this cycle. Because of this, I also expect crypto's bear markets (especially BTC) will not go down as much as they normally do. This is something I fear the most to be completely honest with you. I fear the moment when I cannot sell and rebuy like I normally do. I do not know when this will happen but I am sure it will happen eventually. The people reading this right now are still going to be early, but mark my words, eventually, crypto (especially BTC) will not be as accessible as we are used to.Nota
The above is a thesis called a "super cycle" which you probably heard of, but it seems rather obvious to me. I do not see any other logical possibility.Nota
The biggest difference between me and a crypto influencer is I tell you before the move comes. They tell you after. I'm not going to speculate why they do this. Just realize that is what they are doing. That is why when I tell you something like "the correction has ended" or "smart money is rotating back into alts" you may not believe me because everyone with tons of followers is saying the opposite. I understand this. Don't forget, I do not profit off of you. I get nothing from doing this other than the satisfaction of helping people. I do not expect nor want you to follow my investments. I want you to learn so you can decide for yourself when is the best time to take action.Nota
Total2 (total alt market cap) has gained 130 billion dollars in the last 24 hours. It is now the highest it has ever been.Nota
Investing 101 - The downside to stop losses: So I know you have heard me in the past mention stop loss hunting. This can be short or long. It is when large investors go after the liquidity sitting at stop losses. How do they do it? They know exactly where the stop losses are. They have the order book information (you should be looking at the order book info as well) and I have the same information. This is most obvious during the recent uptrend. You will see a candle with a huge wick that reaches far down or above and then gets filled right back up. That is the stop loss hunt. Keep that in mind and set your stop losses above or below a price point that has a ton of orders. For example if there are 5000 orders at 175 for SOL, I know that 175 is a stop loss for long trades. So my stop losses don't get hunted, I would set my stop loss at 170. This is just an example to help you better understand. Pro tip - stop losses are usually set at support or resistance and round numbers. Hedge funds know this.
Nota
Playing "Dancing by Myself" on repeat tonight :)Goodnight everyone!
Nota
All of the good prices would come when I am sleeping.... SMH. Well, the institutional investors got a good price LOL.Nota
This is probably going to be the last time I enter alts until the end of the cycle. Nice pullback, it's almost like I knew it was going to happen. lol
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