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Understanding crypto
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I am mostly in the markets now. 89% in to be exactly. the rest is usdt that I stake here on binance.
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Dump coming for usdtD ? I cannot confirm a true bottom here on usdtD. Ideally it will end up continuing the dump. this will take btc to north of 77k.
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My outlook for ALT LAYER I am actually on the camp that it has bottomed and will be headed for the targets above. The second measurement up is extended but the first is ideal and more certain. there'll be a likely retracement there. (so as a trade, thats the TP) SL should ideally be a daily close below the 0.28 zone (of which i will be surprised if it even goes there.) If it can retrace to between 0.32 and the higher 0.29 region, it will provide a great risk to reward (RR). The yellow box price is the fake bottom (at least according with my T.A). True bottom is the (C) so buying into the retracement is really good. If it has not bottomed yet and is going to continuously put in new lows then i dont know folks because this is a classic textbook EW correction similar to what we saw with stos.
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Where would you say this goes ? Up or down? use 👍 for up and 👎 for down
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serious question folks. whats really coming for us? Cardano was my biggest gainer last cycle. Infact, i pretty much still leaving off my ada earnings up till now. anyways when we look at it's charts, it looks like it's at the same spot it was last cycle before lift off. Now, this is of course good BUT... my issue is, will this bull market just be short lived and we go again to the trenches of the bear next year? it took 287 days for ada to top after lift off from consolidation in the box. It cant happen the same this time but if it were to happen then that would be Jan of next year. I see some signs that we might be taking off soon but i am disturbed on the timing of it. (i'm not saying that it will go that high btw. thats just a demonstration from past cycle).
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we have a bullish stochastic cross on btc weekly timeframe folks. every time from 15k we had a strong bullish continuation post every cross. will this time be different?
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