GTWCA-100 | The Correction Of Bitcoin Might Be Coming To An End?
& again. My dear friends!
I am Gandalf The White and this is my opinion concerning the actual cryptocurrency market – extraordinarily writing about btc and ada.
BTC
Bitcoin formed another lower low. Another small slump is possible. Btc touched the next support line.
Btc buy options: 1. +80%; 2. -30%; 3. -20%. Hold. 60/100%.
1btc=7,500$ - price increase by around 300 since my last #gtwca. The candles are below the Ichimoku Cloud. The graph is right at the 0.618 Fibonacci level.
Tradingview chart - XBT/USD, daily, Kraken - one month ago:
Click on any image for a bigger version of it
Three weeks ago:
Two weeks ago:
Last week:
Today:
Explanation:
Price scale at the right (orange number shows current price), time scale at the bottom (trading volume right on top of it), seven new candles, Ichimoku Cloud (red/green shaded area) with its lines (turquoise, blue and orange), black horizontal Fibonacci lines (top down: 0.382, 0.618 and 0.786), five green support lines and lastly the red dashed resistance line (actually kind of a support).
I "copied and pasted" this explanation from my #gtwca 90.
Decreasing volume and a growing red cloud.
ADA
As xbt, new lower low and Cardano could fall too.
Ada buy options: 1. -20%; 2. -45%; 3. -40%; 4. -10%. 80/100%.
1ada=0.04$ - increased a bit. Below cloud. Below 786.
My dearest friends, November stayed bearish. What will December bring? There is still 'no certainty' in this cryptocurrency space. We can only hope for the best.
As always, huge thanks to my supportive, polite and loyal friends on Steemit: @culgin, @steem-oracle and @solominer. You may start following these kind Steemians.
And also thanks to all other irregular supporters. I honestly appreciate your support, my friends.
You have #gtwca related questions? Please ask.
Stop emotional trading and focus on your trading plan, my dear friends! (;
Yours truly,
Gandalf The White
PS: Sorry for my bad Romanian.
And I am not a qualified financial advisor or anything like that - everything here is just for educational/informational purpose; only my own opinion! Always research!
#gtw #gtwca #gandalfthewhite
#cryptos #altcoins #cryptomarket
#trading #investing #hodl
#ada #cardano
Dear @batzax,
Why did you downvote my post?
Yours truly,
Gandalf The White
Dear @trizal,
Why did you downvote my post?
Yours truly,
Gandalf The White
@gandalfthewhite they are bots with almost no SP
Posted using Partiko Android
Im expecting a bear market until the 2020 Halving.
Hey solominer, my dear friend, glad to see you around here. And yes, this certainly is an option, although it could change to an upside trend even earlier. Well, we will see.