GTWCA-29 | Breaking Out?!
My dear friends!
It is Gandalf The White and this is my opinion on the cryptocurrency market situation - mainly btc and ada.
BTC
Will xbt be strong enough? Will it finally break through this "hard to pass" resistance? BTC has already failed a few times before. Hopefully it will not this time. Btc is higher than last week but still in an uncertain position. We need to see more green candles. It is the bull's time. That would be the impulse I was talking about in my last #gtwca.
Bitcoin is at around 6.5k$ - few hundreds more than last time. Below the cloud and the 618 fib.
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:
As always, new candles, volume, fibs and the cloud and its lines.
Adjustments: Only "fixed" the two green supporting lines - the rest is the same as in my last #gtwca (simply zoomed in).
ADA
Similar to btc, again, of course. ~0.14$ - increased by ~0.02$. Below the cloud.
To sum up the previous month, it was clearly anything but bullish, still sketchy. January was bearish, February bullish, March bear, April bull, May bear and June too, unfortunately - crypto is less bullish than I have expected, more precisely it may be a more rational market than I have thought. So it seems to be pretty likely to go upwards this month, more likely than one month ago (look at the first picture and today's graph) - but we will see anyway, soon.
Keep calm and do not stress yourself - decide wisely, always! (;
Yours truly,
Gandalf The White
PS: Sorry for my bad Tadjik.
& I am not a qualified financial advisor or anything like that - everything here is just for educational/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 biggest run ups tend to have a small pull back before. so you never know.
Why btc price down