ADA Casual Conversation on Current Price MovementHi Everyone! Simply having a casual conversation about Cardano in regard to accumulation, distribution, events in accumulation, events in Distribution (Phase D and Phase E in particular), etc... We have no confirmation at this time we are actually in Accumulation or have been in accumulation just yet. Still a lot of work yet to do in the 2-Week and especially the 3-Week and 4-Week time frames.
Our Yellow K-Line in the 2-Day time frame is the highest time frame in which the K-Line is higher than level 90. Which is why we would consider waiting for certain conditions to be met in the 12-hour, 6-hour and 3-hour for a swing trade to the downside. Sorry, I'm not writing out all the conditions required to see in the indicators in the 12-hour, 6-hour and 3-hour simultaneously before we would consider opening a short position. What if the K-Line in the 4-Day goes higher than level 90 before the conditions to open a short condition can be met in the 12-hour, 6-hour and 3-hour? We would no longer use the 12-hour, 6-hour and 3-hour to open a short swing trade. We would instead use the 24-hour, 12-hour and 6-hour time frame to determine when to consider opening a short swing position.
Hope this was helpful...
Happy Trading and Stay Awesome!
David
