CARDANO BTC DOUBLE BOTTOM AMID CHAOS

Тема в разделе "English", создана пользователем Trading Ideas, 24 сен 2020.

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    CARDANO BTC DOUBLE BOTTOM AMID CHAOS
    Cardano / Bitcoin BINANCE:ADABTC
    a1mtarabichi
    zbq1HAHh_mid.png
    Greetings my small (but greatly appreciated) loyal/humble readers!

    To build off my last Cardano publication: given that it's one of my favorite alts with a solid roadmap, great team of devs & a genuine whitepaper alongside KYC transparency & Charles' vision for what is essentially XRP on steroids...

    Personally, I read the whitepapers, roadmaps, research devs & budgets, supply & demand , consumer confidence, etc. among other variables on ANY/EVERY coin and/or token before I take a major (or even minor) position -- I cannot stress this enough.

    You wouldn't buy a product or service if you didnt' know what it did, would you? You wouldn't buy a stock for a company you've never heard of, right?


    So it baffles my mind how so many "traders" will take such large entries on alts with >=500 mil in global mkt cap & have NO idea what that alt is other than the name/symbol/logo avatar. If you're day trading, youre gambling. If you're swing trading alts you've never heard of -- it's no different. Some of you wallst tycoons -- traditional institutional investors; beit stocks/real estate/ commodities /whatever; seem to make this mistake so often I cannot begin to tell you (if I had 1 satoshi for every time i've seen it) a forex trader with decades of experience dives headfirst & tosses half his liquidity into a shitcoin only to get stomped out of the market during bedtime.

    This is what makes stop losses so essential. This is why I hammer on the red horizontal as the QUINTESSENTIAL KEY ONE; with TP 1-3 or 4 green horizontals ALL PROSPECTS, NOT GUARANTEES. It's common sense to buy low & sell high, yet nobody does it.

    Case in point: Q417/Q118 I had about everyone and their mother blowing up my phone asking "teach me about crypto" "what's this about bitcoin" etc. etc. yet when we bottomed at the mid-end of Q4 during cryptowinter at $3700, I had LITERALLY 0 people ask me about crypto ONLY for that number to surge to about a half dozen people when we capped at 10K earlier in Q1.

    Ultimately a good trader is not just one who only exhibits a great deal of knowledge, experience, research & practice. These are all prerequisites (and a given at that) yet the only way to make money in this "wild west of wallst" as I like to call it is to formulate a strategy, stay disciplined, NEVER FOMO/FUD, and DON"T DEVIATE FROM THAT STRATEGY. ALWAYS set stop losses and you'll be golden.


    I implore anyone whose still struggling to get their footing to checkout my "10 Crypto Commandments" ( DM me for link) as it has been an invaluable guide & the sole compass that has reaped the majority of my ROI for the past 12 consecutive quarters (even during cryptowinter) where I've managed to net positive on BTC gains.

    I really lean on as these 10 rules are my biblical goto guide for all things forex crypto trading.

    I can honestly say had someone provided me with a formula for trading asimilar or exactly like my 10 crypto commandments -- I'd have saved myself tens of thousands of dollars in painful trial/error "learning experience" losses...to date it's only been more fine tuned & anyone who has the mental fortitude and real passion for a full time career in crypto/blockchain I suggest you think twice & fully immerse yourself in what it is you're getting yourself into and if its for the "lambos" than you best turn around now and save yourself a world of hurt (and paper) so with this guide, something I highlight in my bi-quarterly crash course and teach to my cohorts as it is the 10 crypto commandments for a reason: each rule is a check/balance on the former or latter & the collective culminates into an effective always win never lose strategy GIVEN that you never PIVOT or DEVIATE -- but I digress, if you're curious to read more simply DM me on twitter /linkdeln or check it out below.

    it truly is invaluable in terms of the points I really press on and the mental fortitude necessary to survive in this game: so as long as you don't deviate from them...but I digress.

    • Now why did I refer to cardano as XRP on steroids?

    One of the core missions of the Cardano project is to develop a decentralized blockchain and cryptocurrency with smart contract capability, as well as delivering more advanced features than any protocol out there. Cardano has made financial smart contracts simpler through the Marlowe Project. Marlowe does this by allowing the user to write financial smart contracts by simply visually composing known building blocks.

    The existing building block toolbox has three categories: observations, contract and the money to be transferred in ADA.

    Evidently one day Marlow will be used to faciliate & simplify the creation of nodes & smart contracts to power cross-border payments or even peer-to-peer automated payments.

    Looking at the future of Cardano, the smart contract capability on the Cardano platform could create something similar or better than Ripple’s xRapid.

    So picture an untapped market of roughly 2-3 billion between India/Southeast Asia & parts of China: cardano (much like OmiseGO) are two tokens that I've always favored & to this day keep in my SUPERLONG portfolio in my vault/ nano which mainly consists of low risk/low reward coins/tokens and has a cookie cutter diversified portfolio that is set to HODL until Q32022 -- at which point I would have not only accrued X where X = price of assets in the portfolio but also +43% APY which (between Blockfi, MCO , P2P, OTC, and other lending methods) I've created a NO risk ALL reward total of almost 45% guaranteeing a 150% increase in each asset while time runs its course.

    So the hope there is that (hypothetically speaking, XRP -- one of the tokens in that portfolio --- I loaded up 100,000 XRP at $0.04 a token a long while back and while it has increased tremendously, I firmly believe it'll increase exponentially by Q32022 & by Q42022 that one portfolio alone should be able to secure my mortgage....though I digress.


    • It's been a while since I had included a little writeup/oped for you folks (as I've been paying a steep price in terms of actions/consequences and *ramifications* for god forbid upsetting one of the mods (for no reason at all) but it is what it is.

    ...a thankless gig; but whilst everyone else is just drawing lines & projecting analysis -- i want to highlight that since 2015 I always have and always will be focused on education, integration, global adoption.

    I'm still brainstorming as to how I"m going to start this youtube channel -- though still deliberating. I'll get back to you all on that.

    But without further adieu: your Cardano signal (paired against BTC ):

    Keep in mind all indicators are working in our favor though as BTCUSD continues to trend sideways market volatility can swing the pendulum in either direction -- so SET THE STOP LOSS & BE VIGILANT!!


    Chart patterns reveal the bullish reversal followed suit after the double bottom and this signal has (effectively) already begun. Should still be ample time for an entry & to catch a parabolic upswing (if chart analysis remains on course --it's on track to follow suit) by Sunday*

    *contingent on BTCUSD priceaction/ volatility


    HOWEVER... (if I were you -- again this is strictly conjecture...I cannot stress enough) if I were you I'd set your alerts/keep your eyes on LINKBTC as well as LINKETH (i.e. the better of the two pairings) for what is priming up to be so clearly a solid entry point.


    BB / KC / VOL / SQZ & etc. fundamental indicators reveal we've hit our entry neckline as my C-BALL indicator (accounting for fractals) coupled with the BART signals a reversal ready to ensue following suit after a major dump on LINKBTC .


    REMEMBER THIS IS ALL contingent on BTCUSD priceaction -- so in the event the pendulum swings in either direction, it is NULL & VOID! I cannot stress this enough!

    ALWAYS checking in to make sure there are no mistakes.

    This token pairs well against BTC , ETH , BNB -- though I'd opt for ETH (higher risk, higher reward) in the longrun as ETHUSD is long overdue (check related publications) for a parabolic swing -- revealing an extended C&H on the WEEKLY chart: meaning for a LONG term HODL: ETHUSD /ETHBTC is a solid/safe bet. Time willl tell in terms of other DEFI i.e. with DOT/LINK/COMP and others leading the way.

    As usual Green Horizontals represent TP & blue ( pivot ) with yellow (S1/R2) && ofc-- red is the most important (STOP) as this is a (MID - LONG signal) mid risk high reward investment with an est. time frame of atleast 2-3 weeks (forward looking, ballpark, IMHO) 10-15 days keeping this a neutral publication.


    Disclaimer
    Note: This is strictly conjecture based on my own technical analysis and not any information based on any sources from the GOP Or federal government/treasury dept / ay institution of any form this example is for educational purposes only and should not be relied upon for any other use. Please invest responsibly and make all decisions based on your head; not your gut. Any projections or figures provided in this analysis are Forward-looking statements And have no basis Other than my own opinion and not information related to the GOP , SEC or wall sf in general. Just the wiz doing what he always did best — Disclaimer must be extended and extensive So forgive me as I need to truly emphasize None of the information obtained in conducting this analysis was provided by insider trading in anyway shape or form.

    Certain information set forth in this presentation contains “forward-looking information”, including “future oriented financial information” and “financial outlook”, under applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the Company; (ii) completion of, and the use of proceeds from, the sale of the shares being offered hereunder; ( iii ) the expected development of the Company’s business, projects and joint ventures; (iv) execution of the Company’s vision and growth strategy, including with respect to future M&A activity and global growth; (v) sources and availability of third-party financing for the Company’s projects; ( vi ) completion of the Company’s projects that are currently underway, in development or otherwise under consideration; ( vi ) renewal of the Company’s current customer, supplier and other material agreements; and ( vii ) future liquidity, working capital, and capital requirements. Forward-looking statements are provided to allow potential investors the opportunity to understand management’s beliefs and opinions in respect of the future so that they may use such beliefs and opinions as one factor in evaluating an investment.

    These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.


    • Trade Safely, Have a great week everyone!

    REMEMBER TO SET YOUR STOP LOSSES!

    Respectfully,

    - @a1mtarabichi

    Have a great weekend! #ThursdayThoughts
     
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