ADA: additional prospect to lead the rally

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nasdaq.com/articles/grayscale-adds-cardano-to-its-digital-large-cap-fund-2021-07-02
^ the above may act as a catalyst.
(there are more catalysts in motion now as well: elong decided to tweet doge things, and they will remain stupid longer than you or i can remain solvent).

skipping to the idea itself: i see a major squeeze occuring should we dip lower; to the degree that the red SL zone is sized and where it terminates relative to where we are now as a baseline of congestion zones // the timing of this catalyst.
they may want to acquire at cheaper prices; so therefore, they begin the DCA now and sell off with other major assets (as iirc grayscale is pulling funds from other sources; which they are and have been in the profits far longer than the competition (say sailor).

following this train of thought leads me to believe there will be an immediate sell off in the short term by them funneling funds OUT and then INTO ADA or other alts. within 72hours from this post is the window of opportunity to snag last minute deals; save something drastically changing market momentum.

As far as macro structures are concerned; ADA retained much more value that some other alts relative to where we are coming from, going, and gone.




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Going to begin a spread and leave it for the weekend, wake up green hopefully not stopped on a backtest confirmation.
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im going to keep tigher stops, waiting on the BTC daily close to see if this current price action gets nuked.

dependent on that retracement (curently 4:30pm and looking to a 2hr~~ window to watch), i may enter or set orders lower for the selling off should it continue into the weekly close.

With that being said, the weekly close / daily closes for the next few days on other assets like BTC and ETH may drive an overall higher low, but in this current range of price for ADA, that may destabilize all the current growth. not being pessimistic, i think ideal entries are 48hrs away from current standpoint; and until daily close, which may create another update.
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didn't get any fills.

sad day.
Сделка активна
might get a second chance.
Заметка
interests revolve around the channel breaking and now ranging within a previous congestio zone channel. watching for further mark up from the horizontal parallel channel
Parallel ChannelSupply and DemandTrend Lines

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