Bitcoin Bottom & Peak Cycles The 1st Cycle reached its peak in slightly more than 2 years. The 2nd Cycle reached the peak in less than 3 years. The 3rd Cycle (current cycle) seems to be tracking the 2nd Cycle closely, with more volatility and at least 2 major crashes. If the 3rd cycle peaks exactly the same as the 2nd cycle, then 15 Nov 2021 is the peak.
Scenario 1 (not on chart): A V-shape recovery is possible given the the right market conditions but this is still a low probability outcome. And to expect a V-shape recovery, we would mostly likely require a sharper and larger price dip than the current prices. Scenario 2 (as per chart analysis): What could be a more natural and likely scenario is that price...
Although 2021 could be a good year for Cardano (ADA), there are hurdles ahead. - RISK #1 : Cardano's network address growth must increase for ADA to reach those levels. Currently in decline according to IntoTheBlock (reason unknown). - RISK #2 : If ADA is unable to breach $1.50, possible sideways movement will occur for a while until 200 MA catches up.
This is as many lines I can draw as to offer clues where the market is heading.
EV Market Share Analysis (by Valuates Report) Asia-Pacific was the highest revenue contributor, accounting for $84.84 billion in 2019, and is estimated to reach $357.81 billion by 2027, with a CAGR of 20.1%. Asia-Pacific and Europe collectively accounted for around 74.8% share in 2019, with the former constituting around 52.3% share. North America is estimated...
Boy this can be a difficult pair to trade on smaller timeframe. Trade with extreme caution + risk management.
Daytrade Idea: A nice 'U' on the 1 Hr chart. Dip and launch. Swingtrade Idea: Nice rejection on the Weekly.
Head and shoulders on the 15m/30m. Rejection of the Pivot on Daily Charts. Downtrend.