And again, dear friends
I am Gandalf The White and this is my opinion concerning the current crypto market – emphatically xbt and ada.
BTC
Bitcoin formed no new lower low. 2019 did not start very bullish, but in the end (for now) the bulls were stronger than the bears, even though it really was not that certain where xbt would move.
Btc buy options: 1. +80%; 2. -30%; 3. -20%; 4. +5%. Hold. 70/100%.
1btc=7,500$ - btc increased by ~200 since last week. The candles are below the Ichimoku Cloud. The graph is right at the 0.618 Fibonacci mark.
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), four green support lines and lastly the red dashed resistance line (actually kind of a support).
Decreasing volume and a shrinking red cloud.
ADA
Same as last week, no low and cloud grows.
Ada buy options: 1. -30%; 2. -50%; 3. -45%; 4. -20%. 80/100%.
1ada=0.03$ - tiny increase. Below cloud. Below 786.
My dearest friends, 2020 has begun - more or less a quite similar first week as last year. Hopefully this year is going to be more bullish than last year. Once again, simply hope for the best, my friends.
Unfortunately, December was bearish, pretty sideways though.
January=bearish, February-June=bullish, July-September=bear, October=bull, November-December=bear. 6/12 months were bullish. Maybe 2020 will include more bullish months.
Furthermore, I am still very busy. This is the reason why I still cannot comment on your posts right now, my dearest friends. My apologies.
Anyhow, huge thanks to my precious friends here on Steemit: @culgin, @solominer, @steem-oracle and all the other great supporters of mine. Once again, especially @solominer and @culgin, you ruled 2019! Thank you!
Do not be a fool, my dearest friends! :P
Yours truly,
Gandalf The White
PS: Sorry for my bad Assamese.
And I am not a qualified financial advisor or anything like that - everything here is just for educational/informational purpose; only my own opinion. Do your research.
#gtw #gtwca #gandalfthewhite
#cryptos #altcoins #cryptomarket
#trading #investing #hodl
#ada #cardano