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ADA/BTC Strong For The Long Play

BINANCE:ADABTC   Cardano / Bitcoin
Wanted to post a quick update on ADA . Stops were hit; The correction has been rough. I am seeing a similar patter with XLM             this year, and it's giving me more reason to expect good upside potential out of both coins. How long does this correction last? Anyone's guess. I typically do not buy the wave 1 but instead look for positions to ladder in some buys. I generally will leverage more on a clean 2nd wave.

With that said, ADA has been quite the sleeping giant. We are drifting sideways, and too be honest, I have no idea for how long. It's going to take some serious momentum in the crypto markets to spur things along. With that being said, we do see that these coins have decided their value, and with all the FUD spreading, we have not yet seen them return to zero.

I am hoping that this correction plays out a little longer. The longer the correction, the more opportunities for early investors and traders down the line. 2018/2019 is starting off to a good year. I would still exercise caution; and trail with a tight stop in this time of uncertainty. As always, this is education and not investment advice. ;-)
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