ADAUSD Outlook on Things to Come
Updated
Important Things To Note:
BTC has reversed ( I mentioned the reversal signal in an update).
BTC next leg to 73k.
Money has moved into alts, this can be confirmed when looking at pairs.
Alts now move with BTC for now.
The plan for ADA is the same:
1 - either a small break downwards with bounce to upside.
2 - consolidation to break to upside.
ADA has been consolidating in a bullish pattern for months.
In the short term there is a descending channel signaling a break to upside.
ADA price can move anywhere within the channel so be aware, however, the end will be a break to upside.
Overall, I have been watching for the creation of a basing pattern.
This pattern will give us a future target of 4.4.
Important dates:
BTC ETF Deadlines Nov. 21, Dec. 8, Dec. 11 and Dec. 24.
So, a few of you might be confused in terms of where ADA is going so I thought I would show you what I see, and what I am expecting. First let's talk about the market in general. I told you in an update that BTC has signaled a reversal and it would be confirmed at a higher level which it was. BTC.D has dropped and Total2 looks great so the money has shifted enough to where alts will benefit from BTC's move upwards. You can confirm this by taking a look at the altpairs and how they are moving. The overall plan for ADA has not changed at all. I am expecting either a small move downward in the descending channel which will produce a bounce upwards, or further consolidation until BTC is ready to move forwards and a breakout of the channel occurs. Zooming out, you can see this is typical bullish consolidation from ADA. I am expecting the price action to continue to form a basing pattern, which will lead into a cup and handle. I have noted the movements and the targets on the chart. That is what you are to expect. Now, a lot of you have been asking me about other assets I have mentioned and want me to chart them. I am fine with that because honestly, I make them for myself anyways. I know I do requests every now and again, but I am going to be charting what I am currently looking at or assets I have entered incase you want to take a look. Some of you already know the assets I am talking about and have profited from them, so congratulations to you. I will continue to update you all on the movements as I always do. Thanks again everyone!
Also, it has come to my attention that some people have been copying my charts (and not just my charts but what I say as well). I know you are going to read this so I want you to know that I personally do not care if you steal my charts or my words or anything really. Just know that thousands of people view my charts every time I post them and it is rather obvious that you are copying me. So, if you want people to take you seriously, you should probably at least not make it so obvious. LOL. Again, I don't care either way, but it will probably hurt your reputation for TA in the long run. Good luck!
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 has reversed ( I mentioned the reversal signal in an update).
BTC next leg to 73k.
Money has moved into alts, this can be confirmed when looking at pairs.
Alts now move with BTC for now.
The plan for ADA is the same:
1 - either a small break downwards with bounce to upside.
2 - consolidation to break to upside.
ADA has been consolidating in a bullish pattern for months.
In the short term there is a descending channel signaling a break to upside.
ADA price can move anywhere within the channel so be aware, however, the end will be a break to upside.
Overall, I have been watching for the creation of a basing pattern.
This pattern will give us a future target of 4.4.
Important dates:
BTC ETF Deadlines Nov. 21, Dec. 8, Dec. 11 and Dec. 24.
So, a few of you might be confused in terms of where ADA is going so I thought I would show you what I see, and what I am expecting. First let's talk about the market in general. I told you in an update that BTC has signaled a reversal and it would be confirmed at a higher level which it was. BTC.D has dropped and Total2 looks great so the money has shifted enough to where alts will benefit from BTC's move upwards. You can confirm this by taking a look at the altpairs and how they are moving. The overall plan for ADA has not changed at all. I am expecting either a small move downward in the descending channel which will produce a bounce upwards, or further consolidation until BTC is ready to move forwards and a breakout of the channel occurs. Zooming out, you can see this is typical bullish consolidation from ADA. I am expecting the price action to continue to form a basing pattern, which will lead into a cup and handle. I have noted the movements and the targets on the chart. That is what you are to expect. Now, a lot of you have been asking me about other assets I have mentioned and want me to chart them. I am fine with that because honestly, I make them for myself anyways. I know I do requests every now and again, but I am going to be charting what I am currently looking at or assets I have entered incase you want to take a look. Some of you already know the assets I am talking about and have profited from them, so congratulations to you. I will continue to update you all on the movements as I always do. Thanks again everyone!
Also, it has come to my attention that some people have been copying my charts (and not just my charts but what I say as well). I know you are going to read this so I want you to know that I personally do not care if you steal my charts or my words or anything really. Just know that thousands of people view my charts every time I post them and it is rather obvious that you are copying me. So, if you want people to take you seriously, you should probably at least not make it so obvious. LOL. Again, I don't care either way, but it will probably hurt your reputation for TA in the long run. Good luck!
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.
Note
So I am going to start charting other assets like I said previously, I am going to start with ones I have already entered, and then move to ones I am looking at. Luckily with the help of Total2, most of the alts have very very good patterns right now.Note
Hey sorry everyone, I haven't been able to post updates and have had to comment using my phone (reception is spotty at best up here). It rained again so of course my internet was out. Quite a bummer since I am very busy. But, that's the way it goes sometimes!Everything looks great (especially for alts). Total2 is close to making an all time high, BTC.D is dropping. BTC is consolidating, alts are following BTC and we are near the end of OCT :) cheers! I am going to get some sleep. I have a lot of work to do tomorrow thanks to spectrum. Where's Elon's Starlink or when you need it LOL. Goodnight everyone!
Note
Hey everyone, sorry about the delay. I've been pretty busy due to spectrum internet deciding to drop every time it rains lol. So a little update, BTC has broken its consolidation and decided to fall a bit (you can see the giant red candle on the 4 hr). Now, 57K is in play unless we see another reversal. It would have to break 62k to reverse. This can provide another good opportunity to rotate or enter before the next leg start. I do not think this will last too long.
A lot of people have been asking me to make other charts for assets I am involved in or looking at so I am going to try and do that this week along with ADA. The only problem is I like the fact I have a central place here to update everyone. This is a big reason I wanted to start a discord channel so I can just put out updates and everyone can see it in a centralized place. I just haven't had the time to do it. So unfortunately, you will need to check the updates all over the place for now.
Otherwise, everything looks pretty good. Nothing bad as far as I can tell.
Note
Brace yourself everyone, BTC is pulling back. If we lose 57K its heading to 50900. I believe this is just a pullback. LOL before people start asking if the end is here. In regard to ADA, it should remain in channel. BTC is selling fast right now so its gunna be rough. The was the pullback I have been mentioning. It is definitely here.
If you need to enter literally anything except for 1inch and haven't already, now is the best time before NOV.
Note
Hey everyone! So if you are wondering why I expected a pullback and what went on, Daad explained it perfectly. Smart money went after the leveraged longs, which is completely normal. This was a shakeout before the next leg. PlanB also mentioned the same thing, and I agree. In fact, he probably participated in it. Again, this is normal which is why I expected it. It was also foreshadowed by the deep channel that was created. I mentioned previously that the price can move anywhere within the channel. Since we are close to the 200MA, I would not be surprised to see a test before takeoff. The markets in general look fine. This will be a great time for people to rotate and enter into assets they wanted to be in prior to the next leg. I do not expect this pullback to be very long. If BTC loses 57k we can easily see 50k but It looks like 57k will hold for now. Keep an eye on that level. I do not see why they would need to test the 50k level at this point but anything is possible so I prepare for everything. This is another reason why I haven't run any contracts. Anytime leverage builds up in one direction I know smart money will go after it. I have just been sitting back to be honest. All of my rotations are done, and I am in all the assets I want to be in. I'm just sitting back and enjoying the show.
Also thank you for not flooding my comments with emotional posts about how the market pulled back. This is part of the game my friends. If you are new to this, you better get used to it.
Note
So there are a few people that follow me that put out great work, and others who are still learning. I encourage everyone to follow them. Show them some support! And if any of you decide to start posting and practicing TA , let me know, I will support you as well! Too many people think of this platform as a competition between each other. However, I see it as a community. There is no one who has all the right answers, and I enjoy seeing the different styles of TA. I want everyone to learn and hone their skills. The learning process never stops. Remember, no one is better than you. Every person has their own special qualities they bring to the table. Cheers everyone!Note
I follow them in case you want to know who I am talking about. If you start taking TA seriously and practicing, I will follow you too. Do not worry about being right all the time when you are beginning. Just try your best, read, and practice. Try to help each other and refrain from trying to prove other people wrong on their posts.Note
Sorry everyone I have been rather busy and battling spotty internet. Shoutout to ETH new all time high.
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