ADA and ADA.D and crazy targetsADA has had an extraordinarily good last 5 days and we are going into the weekend before the weekly candle closes so a lot of the observations on the chart are still pending. This post is just another iteration of my volatility and momentum system that I have developed over the last couple of years. Just grinding what works for me.
The Thumbs up are what has flipped bullish and needs to be maintained till the weekly close. The question marks are what still need to develop and are unlikely to develop this period. Getting everything to be thumbs up on the weekly can get us a high probability impulse. Last time we went from 15c to over $2 before the weekly VSTOP flipped. We can outdo that this impulse.
The chart below Using the double ichimoku clouds for trends and volatility we can see price action has popped above the kijun (crypto) settings and both clouds are bullish. This is a very good place to be if you are long. The On Balance Volume EMAs are getting themselves stacked bullish once again with OBV above the 10 EMA, which is above the 20, which is above the 100.
There is not a lot of detail to the monthly chart but it is clear that no component of my system flipped bearish on this time frame while other top coins did. That puts ADA as a leader. I am not going to give you a powerpoint of death, but ADA is bullish on the daily, 3d and monthly according to my system. It just needs to get the weekly sorted out and I believe that has a high chance of happening.
The chart on Ada Dominance is extraordinarily bullish. It may go x3 in 2022 in a bull market which suggest massive gains for ADAUSD. The rising wedge does appear to converge on the 1.618 level and generally that predicts a breakdown to the bottom of the wedge. In blow off tops you can see price action pop out the top of a rising wedge before reversing in dramatic fashion. This will be a chart to watch.
Here is my crazy bull market scenario. I have seen enough movements assets to reach the 2 line that I think this has a higher chance of occurring than most people would initially accept.
Have a look at TSLA. It consolidated for 6 years and then has gone up to the 3 line and might take out the 4 line on the next upleg. Absolutely crazy target. If you said that TSLA could be at 715 when it was at 50 (accounting for the split) and you thought 1400 was a target people would have called you mad. But a few years later here we are. And ADA has a lower market cap and a faster market cycle.
Here is Bitcoin with a fib log channel from 2015 when it was under $200. That 1.618 line has been very predictive of stalls and tops. The 1 line was very powerful as support. I think we will see BTCUSD approach the 2 line, very easily. All that suggest to me that my ADA target is crazy, but doable.
My plan? Look for pull backs to buy on the 12h or daily on heiken ashi candles and use those to add to my position and set stop losses. If price is above the clouds and above the 50 period and we go from red to green and get some shadow less candles it is time to look for an impulse. I hope to let my winners run and so I will be doing more of trailing my stops up than taking profits unless we are at a serious level on the fib log channel.
Moonshot
BTC consolidation and liftoff to 50-52k then back to mid 40sLooks like BTC is consolidating and this is very nice to see. We don’t want a straight shot up we want a slow grind up and breakout then more consolidation. We are on our way to the great awakening, where every man woman and child is financially free, driving cyber trucks and drinking Starbucks 3 times a day. God Bless
Looking VET for breakout in next weeks Looking for VET to breakout in same point in next few weeks or months, depend what Bitcoin will do. But i bet on upside.
$AMC WHAT HAPPENED ON THIS LAST FULL MOON? 🌙 MOON PHASE ANALYSThe days within the last 6 Full Moons on $AMC.
Jan, the day before the Full Moon +300%.
Feb, 3 days b4 the Full Moon +18%.
March, the day before the Full Moon +21%.
April, the day before the Full Moon +13%.
May, 2 days before the Full Moon +13%, next day +19%, day of the
Super/Perigee Full Moon Eclipse, +19%, next day +35%, 2 days later + 95%
June 24th 2 days before + 4.6%, 1 day before + 0.05% Full Moon day of - 2.7%
I like to think it's bc the last full moon was an eclipse that took us from $14 to $70 and we're out of steam for this last Full Moon.
For this Capricorn full moon, we got spanked by Saturn and didn't get more tendies.
The good news is we reversed on the last New Moon and started an uptrend to the Full Moon as shown in the chart.
Now we are in a waning moon and even though we saw no pop, it's still following the moon phase pattern in my humble opinion.
Also, I explained all this in my vid last week, we needed to start jumping more each day leading into the Full Moon for the Pop. We went up 2 days before the Full Moon more than the day before the Full Moon so the setup just wasn't there.
You can see this setup in all the previous Full Moons, which had price action climbing more and more each day into the Full Moon.
I'll see you all at the next one.
XRP CLEAR FOR TAKE OFF NEXT MONTHI have posted many times about XRP going to the moon
And yes we are still poised to break past all time highs... but I have mentioned before PATIENCE IS KEY
It dawned on me yesterday night and here are my theories that NOBODY IS TALKING ABOUT and why XRP is not going to moon until these things happen
- SEC CASE: This case is being pushed back on purpose for 1 reason only "JED MCCALEB"... Ripple knows if this case gets settled quick the price will shoot up when its relisted
- JED McCaleb - He still owns millions of XRP and do you really think ripple wants their price to be $13.00 a coin and he is cashing in on that? Keep in mind he started XLM which is Ripples competitor
My predictions have changed drastically after realizing this meaning Jeds XRP holdings should be finished by this summer which lines with up the monthly chart.
HOW THIS PLAYS OUT
Currently sitting on a Red Candle, when this candle closes and forms the next one it should be green.
July's candle closes green that will confirm bullish momentum,
Then in August as the candle retraces Jeds XRP should be completed and August monthly candle should shoot up to ATH and by the end of 2021 hit $13-$30 a coin
#CHESSNOTCHECKERS
Stack now or forever hold your peace
SHIB/USDT 6 Hour ChartIn this Idea I am illustrating how as we form the rounded bottom of the ascending scallop the support and resistance converge. We all know that previous support becomes resistance, but it has not been illustrated in such a manner. There is a chance that it may consolidate through the bottom support and delay its rise, but it will still rise. The biggest factor at this point is Bitcoin consolidating for its third and final leg down. With a coin like SHIB its nothing to throw a couple hundred in and just forget it which is precisely what i am doing.
If you agree throw me a like and follow and join for more unique ideas and concepts that keep you in the gains.
Much love to my supporters
ND