GTWCA-26 | Stay Strong!
And again! My dearest friends
It is Gandalf The White and this is my opinion on the actual cryptocurrency market situation - moreover xbt and ada.
BTC
Maybe we are already in the next wave, maybe we are still in the correction, soon we will know - pray for the next wave. If btc still is in the correction wave then it should be over in a few weeks. If it is already over then it should go up soon anyway. Wow, this is strenuous respectively tedious.
Generally, it is similar to last week's post.
Xbt dropped to little over 7k$ - bit decrease. Below the cloud."At" the 618 fib lvl.
Tradingview chart - XBT/USD, daily, Kraken - one month ago:
Three weeks ago:
Two weeks ago (BLX chart):
Last week:
Today:
The lines and so on are the same as in my last #gtwca.
Of course, few new candles - and the green support line is adjusted (a little).
ADA
Pretty the same as btc. Correction over, maybe. Below the cloud. Below the 618 mark. Worth about 0.18$ - decrease by 0.06$.
Thank you @solominer for the help with the pictures and stuff. If some of you guys are interested in it as well - check this out: https://steemit.com/rockhound/@bitfiend/re-solominer-re-bitfiend-lake-superior-rocks-and-gems-macro-bands-20180608t112153978z.
And another time my friends; we have to wait a little more. Bulls we are still waiting! (;
Yours truly,
Gandalf The White
PS: Sorry for my bad Urdu.
I am not a financial advisor - everything here is for informational purpose; only my own opinion. Always do your own research!
#gtw #gtwca #gandalfthewhite #cryptoanalysis
#cryptocurrencies #cryptos #alternativecoins #altcoins #alts #cryptomarket #cryptocurrencymarket #cryptocurrencymarketanalysis #steemit #money #blockchain #trading #hodl
#ada #cardano
the way i see it, if 7000 breaks there wont be much support until 6000. FUD rule
Dear sarah249,
There is not much support, that is right my friend. But this is not a 'fud rule' - at least I do not know what you exactly mean.
Yours truly,
Gandalf The White
there has been alot of positive news in last few weeks but they have not been able to create any momentum. lack of volume in past few weeks also suggested that a dip was in order. i personally think its going below 6500 atleast.
I will simply agree on that. Consolidation respectively the whole correction stuff - the volume "nearly" has to decrease; but soon should start to increase. We will see.
Could definitely happen. I just hope that it does not, cannot judge "flawlessly" (not the best usage here haha), right now. I will just wait and when it is time, I will take action.
Have a nice day!
12 hours ago i mentioned that it looks like going to 6500, i was right. i see some support here but we need a consolidation area otherwise we looking down the barrel still.
Actually you said that you think that it goes below 6,5k$ (at least).
It definitely can drop again, hopefully a last time, after that it should go upwards. At least it looks like it - just read my last #gtwca s. Nevertheless, there still is more bearish potential, but all in all btc is bullish, so I do not think that it will continue dropping too much.
However, I will wait. Hard to tell what exactly will happen.
Generally, two "likely bearish scenarios" - below 6,5k but beyond 6k, or below 6k.
Btw. may I ask, are you a (professional) trader?
now it has dropped below 6500. i still see btc being very weak and total marketcap dropped to 282 bil which means it could still go down by about 20 - 30 bil more. if we do get to 250 bil or so, we should see a strong support around that.
Correct. Btc is weakened but it gets stronger and stronger with every drop, so it is more likely to go up then to drop but there are three major supports we are looking at: now, 4k and around 2,5k$.
We currently are at a strong support as well, held three times, let us see if it does again - I hope so.
no i am hobby trader. i like trading, i prefer day trading but i am not very good at it. keep an eye on market cap, that is something i am watching on these levels. at the time of writing this post, market cap is 293 bil. i would target $260 - $250 bil range for buying. if it does get there then it should bounce strongly from there.
Alright. Trading is great but I am definitely no fan of day trading - (mid and) long term ftw. Easier and "more" profit to be made; at least Idk a short term trader who is more successful than a long termer. Anyway, each to his own.
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