Most Alt-Coins Waiting for New Year to Moon. See Why...
Hi everyone! Simply pointing out most top 20 Alt-Coins have upward pressure on their USD or USDT pairs and Downward pressure on the alt-coin/BTC pairs. This equates to sideways price action. When the alt-coins show upward pressure for both alt-coin/USD -AND- alt-coin/BTC pairs, we can expect them to "moon."
Comment:
UPDATE:
Same goes for ETHUSD as well...
We may not see that $970 target hit by year end. We will have to wait until January. ETHBTC still shows downward pressure until January...
Same goes for ETHUSD as well...
We may not see that $970 target hit by year end. We will have to wait until January. ETHBTC still shows downward pressure until January...
Comment:
If ADAUSD made the following increase to my projected targets in the chart below:
1. $0.1628 to $4.18 = 25.67x increase
2. $0.1628 to $6.85 = 42.07x increase
3. $0.1628 to $9.87 = 60.62x increase
If ETHUSD made the following increase to my projected targets in the chart below:
1. $649.00 to $11,125 = 17.14x increase
2. $649.00 to $17,625 = 27.15x increase
3. $649.00 to $24,425 = 37.63x increase
I personally believe ETH will lose some of its ERC-20 projects to competitors like ADA. We will also see even more bullish news for ADA in 2021 than we will for ETH in my opinion. All I'm pointing out is I'm expecting a LARGER INCREASE IN PRICE (based on percentage) for ADAUSD than for ETHUSD by end of 2021.
1. $0.1628 to $4.18 = 25.67x increase
2. $0.1628 to $6.85 = 42.07x increase
3. $0.1628 to $9.87 = 60.62x increase
If ETHUSD made the following increase to my projected targets in the chart below:
1. $649.00 to $11,125 = 17.14x increase
2. $649.00 to $17,625 = 27.15x increase
3. $649.00 to $24,425 = 37.63x increase
I personally believe ETH will lose some of its ERC-20 projects to competitors like ADA. We will also see even more bullish news for ADA in 2021 than we will for ETH in my opinion. All I'm pointing out is I'm expecting a LARGER INCREASE IN PRICE (based on percentage) for ADAUSD than for ETHUSD by end of 2021.
Comment:
UPDATE:
YES, I previously said I was expecting ADAUSD to have a "chance" (potential) of going up before year end. I also recall saying we may "potentially" go sideways until January. I also recall posting a chart with a BLUE TEXT BUBBLE saying the following:
"Hard to say WHERE and WHEN just yet. First things first, let's see our Sign of Strength (SOS)."
Yes, to be MORE EFFECTIVE with your TA for Alt-Coins, it's best to do your TA for BTCUSD, Alt-Coin/USD and Alt-Coin/BTC for each Alt-Coin you trade. That's "IF" you want your TA to be as effective as possible for the Alt-Coins you trade.
This is another reason why I'm building another PC and adding three (3) more 55 inch 4K televisions in my office at my hosue. I want to be able to quickly and easily look at the Alt-Coin/USD pairs I trade ALONG WITH their respective Alt-Coin/BTC pair in the same group of time frames at a glance without navigating through a lot of windows and/or tabs in order to provide signals in a more efficient and timely manner in the near future.
If you are pissed at me or disappointed at me for saying ADAUSD and ETHUSD are going sideways now until January, I suggest you un-follow me and follow someone else. Could I have invested more time with multiple publications for each pair to point out the POSSIBILITIES for each pair if BTCUSD did this and the Alt-Coin/USD pair did this THEN the Alt-Coin/BTC pair could do this; etc... etc... etc... Yes, I could have taken more time to do that and provide constant updates on that BUT I currently do not have the time for that to help people be more informed with their trading decisions.
I actually saw a "CHANCE" for ADAUSD and ETHUSD to turn back up when I was also looking at their Alt-Coin/BTC pairs. I was hoping the Red RSI in the 6-Day for ETHUSD and ADAUSD would continue upward and cross above level 50 and hoped the Green Line would go sideways to allow time for the energy to fall below the Green Line in the 6-Day. Unfortunately, that ended up not being the case. Mainly because of the strong move to the upside BTCUSD made.
I will take more time in the future to provide analysis for each Alt-Coin by performing my analysis for the Alt-Coin/USD and Alt-Coin/BTC pairs. There will often be times you will not see me point out both pairs for an Alt-Coin during my publication here on TradingView but it will be done quite often on another platform in the near future. TradingView will be more "condensed" and I'll be more
detailed" on another platform in the near future.
YES, I previously said I was expecting ADAUSD to have a "chance" (potential) of going up before year end. I also recall saying we may "potentially" go sideways until January. I also recall posting a chart with a BLUE TEXT BUBBLE saying the following:
"Hard to say WHERE and WHEN just yet. First things first, let's see our Sign of Strength (SOS)."
Yes, to be MORE EFFECTIVE with your TA for Alt-Coins, it's best to do your TA for BTCUSD, Alt-Coin/USD and Alt-Coin/BTC for each Alt-Coin you trade. That's "IF" you want your TA to be as effective as possible for the Alt-Coins you trade.
This is another reason why I'm building another PC and adding three (3) more 55 inch 4K televisions in my office at my hosue. I want to be able to quickly and easily look at the Alt-Coin/USD pairs I trade ALONG WITH their respective Alt-Coin/BTC pair in the same group of time frames at a glance without navigating through a lot of windows and/or tabs in order to provide signals in a more efficient and timely manner in the near future.
If you are pissed at me or disappointed at me for saying ADAUSD and ETHUSD are going sideways now until January, I suggest you un-follow me and follow someone else. Could I have invested more time with multiple publications for each pair to point out the POSSIBILITIES for each pair if BTCUSD did this and the Alt-Coin/USD pair did this THEN the Alt-Coin/BTC pair could do this; etc... etc... etc... Yes, I could have taken more time to do that and provide constant updates on that BUT I currently do not have the time for that to help people be more informed with their trading decisions.
I actually saw a "CHANCE" for ADAUSD and ETHUSD to turn back up when I was also looking at their Alt-Coin/BTC pairs. I was hoping the Red RSI in the 6-Day for ETHUSD and ADAUSD would continue upward and cross above level 50 and hoped the Green Line would go sideways to allow time for the energy to fall below the Green Line in the 6-Day. Unfortunately, that ended up not being the case. Mainly because of the strong move to the upside BTCUSD made.
I will take more time in the future to provide analysis for each Alt-Coin by performing my analysis for the Alt-Coin/USD and Alt-Coin/BTC pairs. There will often be times you will not see me point out both pairs for an Alt-Coin during my publication here on TradingView but it will be done quite often on another platform in the near future. TradingView will be more "condensed" and I'll be more
detailed" on another platform in the near future.
Comment:
UPDATE:
I currently have 29 messages pending and numerous comments Im trying to reply to. My wife is asking if I can help her with preparing dinner... I'm going to help her then get to replying to comments and messages afterwards. Then provide a few updates in new publications.
I currently have 29 messages pending and numerous comments Im trying to reply to. My wife is asking if I can help her with preparing dinner... I'm going to help her then get to replying to comments and messages afterwards. Then provide a few updates in new publications.
Example:
Here's LINKBTC appearing to be nearing an end of downward pressure. It's looking like we will see a turn around to a moon shot beginning in January, 2021.