Just for fun I tried a prediction as asked at Bounty0x (by @Cryptomist) to predict the price of ADA on the 8th of august
I'm guessing that ADA continues in his current formation will rice to 2.7 to face the resistance line and then come back down to the support line. A wild guess gives a price of 2.135.
This is by no means financial advice. I 'm not a...
Because we see no volume I have to fear that we are not gonna brake 6.4 k and BTC will go down the upwards line.
This before closing of this day.
If you are in USDT the safest bet seems to me a stoploss buy order in the region of 6.430 dollar.
Offcourse I'm not a pro and their are many better TA'rs outthere.
grtz,
Drikkes
As you can see there is no clear volume coming back into the market.
I'm thinking that the real point to turn back bullish woud be a short bounce of the support line of the weekly. You can see that this support held well and became forgotten once the bullrun was there. A nice bounce of this line would give us a steady growth.
likely target is 4.6k.
Offcourse...
You can see that BTC is trading between:
the support line witch can be drawn from the low spike from the dump of februari
and, what now is become a resistance line from earlier stages.
You can allso see the upcoming resistance lines, so it is going to be descision time for BTC.
pure amature chart
BTC on the weekly chart is not looking good,
you can see that last week we went under the upgoing support line from 09/11/2017 and now we have that line as resistance.
The volume is as low as it can get on the weekly.
I would say: be safe, put out your stop loss
Pure amature chart
Today we had a nice day and a good pump on BTC, it would be nice if it had more volume.
Take notice of the RSI, I am hoping that a breaktrough of the descending line will come with a new pump (with increased volume).
But first let 's watch if that breaktrough happens.
Because i'm just trying to learn, I urge you not to take this as advice!
It looks to me that SNM is on a nice rising Wedge,
Where you see the information-dot is when SNM will give a presentation on Consensus.
Given the timeframe of the rising wedge (like 80% into it), a nice moment for a breakout.
Just my point of view, no reccomendation (I lose more money than I gain ;-))
What do you Guys/Girls think?
