GTWCA-37 | Breakthrough?

Again! Dearest friends,

I am Gandalf The White and this is my opinion on the cryptocurrency market situation - focusing on btc and ada.

BTC

Maybe we are lucky again - still no lower low and we might break through the resistance. Hopefully we do, btc definitely needs that. It still isn't sure right now but it's looking good. The support still needs to be strong and withstand. And xbt still should stay above 6500$ - the higher the better. And of course, I still hope that we're in the third Elliott wave.
It didn't happen too much since the last (two) #gtwca (-s). We can only wait and see.
Bitcoin is worth around 6.5k$ - pretty same as last week, few hundreds higher. Below the Ichimoku Cloud. Under the important 0.618 Fibonacci lvl.
Tradingview chart - XBT/USD, daily, Kraken - one month ago:
GTW.JPG
Click on any image for a bigger version of it
Three weeks ago:
GTW.JPG
Two weeks ago:
GTW.PNG
Last week:
GTW.PNG
Today:
GTW.PNG
Once again, nothing too special happening right now regarding the drawing tools. We have seven new candles and are very near the red dashed resistance line, bitcoin needs to pass. I think and hope it will but it ain't certain. This breakthrough definitely would be a quite bullish impulse, "next" bigger target would be the 10k$ area.

ADA

No lower low, fortunately. Still struggling. Buy or wait.
Ada is at 0.09$ - decrease by 0.01$ since last #gtwca. Under the cloud and the 618.

Phew... btc definitely should keep going up. Ada is still suffering a little, maybe it's over soon (or even now). Again, wait and let's hope for the best... Bulls, come on! (:

Yours truly,
Gandalf The White

PS: Sorry for my bad Kurdish.

I'm not a qualified financial advisor & this post is just for educational/informational issues; only my opinion. As always, do your own research.

#gtw #gtwca #gandalfthewhite #cryptoanalysis
#cryptocurrencies #cryptos #alternativecoins #altcoins #alts #cryptomarket #cryptocurrencymarket #cryptocurrencymarketanalysis #steemit #money #blockchain #trading #hodl #tlotr
#ada #cardano

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Seems the 5-6k range is a good support level right now in my opinion. I remember when it dipped into the 5k range and only stayed there for a day or two.

Yes, there's a support zone too - quite a lot support areas in these zones. I just hope that btc manages to break through and goes for the 10k$. Would be excellent.

@gandalfthewhite

I hope so too, much higher actually. If not Bitcoin then some other altcoin.

Yes, I hope too that it goes higher (just not too fast; slowly but surely); It's nearly dead certain that it will (as long as no black swan takes place etc.). And it's pretty certain that it will be Bitcoin - most established coin... but, as always, nothing is 100% sure.
Looking good right now though - at 7k$; hopefully "soon" 10k.

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