GTWCA-44 | Tiny Drop!

& again! My dearest friends.

I am Gandalf The White & this is my opinion concerning the crypto market situation – mainly btc and ada.

BTC

And another drop. Hopefully Bitcoin doesn't fall any further, at least not too much. And this ain't the bear trap I was talking about in my last #gtwca because we still are in the triangle - keywords: consolidation and tightening/narrowing. Currently, bitcoin bounced at our very strong support at around 6k$. We definitely don't want to see this support area not to hold - could turn out not so great. Additionally, another support didn't withstand - it was our apparently not-so-supportive trendline. Hence, we're still looking out for a distinct bullish impulse eg. a breakthrough at the top of the current triangle. Maybe in one-three weeks btc is heading towards 10k$ even though it doesn't seem very realistic right now. I still hope xbt is in the third wave because this 'would' mean that the graph's pretty likely to go up.
Ouch, no fifth time, btc is roughly worth 6k - decrease by ~300. Under the cloud. Under 618.
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:

Pretty much the same as last week. Only adjustment concerns the green supportive trend line in the middle of these three. The lowest green linesimply is another bullish trend line.

ADA

Naturally this poor coin didn't remain unaffected. Cardano reached a new major low but fortunately not an atl. So keep waiting my friends.
Today's price is ~0.07$ - another cent lower. Below the cloud.

Well... so far October does not look that beautiful. Hopefully this changes for the better.
As always, be careful and patient my dearest friends! (:

Yours truly,
Gandalf The White

PS: Sorry for my bad Tigrinya.

And I’m not a qualified financial advisor or anything like that - everything here is just for educational/informational purpose; only my own opinion. Always do your own research.

#gtw #gtwca #gandalfthewhite #cryptoanalysis
#cryptocurrencies #cryptos #alternativecoins #altcoins #alts #cryptomarket #cryptocurrencymarket #cryptocurrencymarketanalysis #steemit #money #blockchain #trading #hodl #tlotr
#ada #cardano