We have a long-term position building up here soon, as I think this wave is pretty much done. So the next update to this post will be where is the next best entry. I am also looking to take advantage of wave 5 here and placing a re-entry position similar to Verge. Now I will definitely update on the progress, and I'm nearly sure that this wave 3 is too short - I'm just not going to change it.
We have the jaws of wealth forming here, and if you want to miss this coin. Then good luck to you.
Target 1: $0.707
Target 2: $1.048
Target 3: $1.356
Like I said, I will update with short term projections and entry levels. Expect one coming up very shortly. Also, the freaking satoshi on here... I just converted the values to USD. NO IDEA what it will be in terms of satoshi. But I have an idea on USD (if it followed this same "satoshi" pattern" and that's what these targets represent. The time frame is also viable to shorten on this. Always react to price, never time.
Guys, It is literally a DIFFERENT WORLD doing wave analysis in Satoshi. So I calculated the dollar values of the past impulse waves and retraces and they are NOTHING as they appear. After wave 1, Cardano only retraced about 35% in its run, NOT 72%, it just got extremely outpaced by Bitcoin.
Right now, it looks like Cardano is still sitting around its ATH.
NOPE! It's high was around $0.59 and its currently at about $0.47. It's already retraced 20%! Someone PLEASE save the crypto community and create a USD based cryptocurrency that we can use for transactions and fully TRUST it. LOL.
Anyways, I will do my best to continue to convert these prices to USD. I advise you all to get apps that have the USD pair for every coin.
So I'm looking for a retrace between $0.34 and $0.27. The $0.34 target is looking like the best bet here.
This is probably one of the most attractive risk to rewards that I've had yet (in the instance that you pick it up at $0.27.
(Check graph for values in Satoshi - all Satoshi values are as if Bitcoin does not change in price)
Entry: $0.27 - $0.34
Stop Loss: $0.22
Target Range: $0.647
Chance to Gain: 166.4%
Chance to Lose: 16.51%
Anybody else feeling this big explosion coming? Might not, but it's showing potential. Hit our buy box twice and is showing a lot of potential! No idea where it will be satoshi wise, but dollar value has this thing hitting at least $0.65.
USDT paired charts don't have enough information for me. I've seen Verge, NXT, Ripple, Stellar, and many more hit extended 5ths after their extended 3rd waves. This is possible here.
Expecting rejection at each fib level. Around $0.74 is likely, $0.86 is possible. Staying in after targets are reached is dangerous
BOOM! PERFECT HIT! Best thing yet? We're not done!! This was only wave 3. One thing I've learned about Cryptos is that they liveee by the peak, this peak was very sharp and we're on our wave 4 correction. $0.86 here we come!
Hey, I don't think we're done here. Let's get another 47% to add onto our big gain. Thank you Pisces for that helpful information. Our target date is 3 days. Very sure this will happen. We should shoot for at least 7k Sat (If Bitcoin remains stable, lol).
OMG LMAO. Guys, let me just give you all a peace of mind. Everything this okay. We're back to the nornmal days. I think Bitcoin is done correcting LOL. We've only lost like 2 cents on actually dollar value. Bitcoin is just raging. I'm still in on this trade and I am not leaving until we reach my target of about 86 cents or so. I do some calculations after this is done so we can see where we're at.
This is why trading in Satoshi sucks... Anyways, If you are a long-term holder, this is probably the time to look into taking profits and re-entering at a lower price (once this target is reached).
Continues to crush expectations! $1.09 is a real target? Let's hit it!
BOOM!! Another Perfect hit!! 7231 Satoshi!! It ended up as a market average value of $1.07. Now this thing can even go HIGHER! But I'm taking profit and closing this trade, this is where things can get risky. It could probably go as high as $1.15. But this is why you don't stop analyzing after targets are reached! We hit $0.86 and stayed through for the extra 20 cents! Now, I'm just going to be wise and risk losing out on another 10-20% profit rather than losing a lot. Another post will likely be a correction target for Cardano that could very well set up long positions.
If the stock market drops it has nothing to do little with technical analysis. Tell me about how much you know about fractional reserving banking and the federal reserve and the FOMC, tell me in your charts how interest rates and M1 and M2 supplies are determined. Tell me how your charts will paint a narrative how on how large corporations are using using cheap money to buy back their outstanding stock with the proceeds from issued bonds. All this variables will come into play and the technical analysis won't tell you all this if the markets do drop.