First off I'd like to give a shout out to the REAL ADA BULLS... Not the ones who just come and go to "ride the wave". This is for the ones who BELIEVE IN THE PROJECTS FUTURE! For all of you who have done the research and aren't worried about parabolic gains over night because YOU KNOW as time passes SOME WILL RISE and SOME WILL FALL... As the SEC and governments put out regulations, as mass adoption demands more SECURITY, more SCALABILITY, and even more STABILITY (yeah lets here those "stable-coin" jokes then), It all comes down to WHO WILL BE THE LAST MAN STANDING? Lets take a minute and think about it.
Don't get me misunderstood, I DO BELIEVE there are many worthy projects out there Including ETHERIUM, SOLANA , POLKADOT, and even some newcomers like AVAX, and LUNA (I like both of them a lot). Then there's ETH 2.0 which IS GOING TO BE A GAME CHANGER when it comes out, no doubt! ETH 2.0 will definitely SHAKE THE MARKET UP! Some will argue that it's all about SPEED (that's the MAIN reason for the ADA haters), BUT I would argue that it's all about STAMINA! I don't care how fast you can build your projects and how fast your coin pumps overnight. WHAT I CARE ABOUT is when the WAR ON CRYPTO comes (BELIEVE ME, IT'S COMING!), and thing's get really ugly for a long while, WHO WILL BE ABLE TO WITHSTAND THE STORM? That's why I always tell you guys ADA is a long term HODL! Sometimes I even feel silly making charts forecasting the next 2 weeks LOL. It's not about that with ADA. If you're like a surfer and you're trying to catch these pumps like a surfer catches waves then just look and see which meme-coin is trending on Google and get on board before it pumps. Just don't forget to have targets set and PROFIT ORDERS SET AHEAD OF TIME because just like a big wave comes crashing down, meme-coins will crash 50%-70% after they pump as well.
Now lets talk about the chart and what I think is possible in the short term. ADA is just under the 20 WEEK EMA... HISTORICALLY, If you look on the chart and even if you pull up a chart yourself and see all of the times ADA has been below the 20 WEEK EMA have generally been very good BUYING OPPORTUNITIES! Well HERE WE ARE!
"HISTORY DOESN'T REPEAT ITSELF, BUT IT OFTEN DOES RHYME" - MARK TWAIN
It's been well established that the cryptocurrency market is much like the "WILD WILD WEST" right now because It is such a new market and over time, as the market grows, it will stabilize and it will require much more for "whales" to move the market. In several of my published ideas I have mentioned that I study, and use "Wyckoffian Theory" when analyzing charts and making forecasts for future price movements. I TRUELY BELIEVE understanding this can be one of the most important things to know when trying to predict future price movements for cryptocurrencies in general because of what I just explained above. It IS like the wild wild west out here. Some regulation WILL HELP, although there are people who fear regulation or believe that it goes against the idea of why cryptocurrencies were created to begin with. I DO SEE VALID ARGUEMENTS for both sides here but ultimately I believe they will CO-EXIST together and there will be a fine line drawn for what is and what isn't regulated. Lets not forget there will be many cryptocurrencies that exist and some can be strictly un-regulated and some can be partially-regulated. Many new cryptocurrencies like ADA
are multi-layered blockchains. This allows certain parts to be regulated and other parts completely unregulated and anonymous. I believe Charles Hoskinson, (founder of CARDANO, Co-Founder of ETHERIUM) understands that WHEN THE TIME COMES FOR CRYPTO, "this" will need fixing or "that" will need to change because of whatever reason arises! I REALLY encourage you to check out some videos Charles has posted YEARS ago about CARDANO and why cryptocurrencies need to be ready for these situations that could potentially come in the future. In one video he even mentions the scenario of "what if a pandemic comes" and explores the possible scenarios of what will change and what will governments do in certain situations. IT HITS HOME.
My point is this... I get people who ask all the time where is this or that crypto heading or say why is this or that dropping. The answer ALWAYS depends on your timeframe. ARE YOU INVESTING FOR 10 YEARS? or ARE YOU TRYING TO JUST "RIDE THE WAVE"? Before you make an investment/trade YOU SHOULD ALREADY KNOW HOW LONG you want to hold that investment. You can't get emotional and feel the urge to pull out or jump in... that is how you get wrecked!
Before investing, you need to know your timeframe! Your take-profit and stop-loss targets should be set BEFORE YOU BUY!!! Then... NEVER DEVIATE FROM THE ORIGINAL PLAN! Absolutely do not make emotional decisions with your investment. THAT is how people get "FOMO'D" in or make other reckless decisions in the market! THE CHANCES ARE, If you're too emotional with your investment it's because you're risking more than you can afford to lose! I know there's a lot of newcomers here and WE ALL want to get rich over night...but , instead, LETS BETTER OUR CHANCES by making LOGICAL decisions and sticking to the PLAN!
***** THE BIGGEST ADVANTAGE/SECRET I COULD EVER TELL YOU ALL IS THIS... STUDY CRYPTOCURRENCY. STUDY IT MORE. and STUDY IT MORE. Study blockchain technology and understand how it is different than any system we current use in the world today. Understand POW and POS Blockchains as well as others that are emerging! KNOW that every cryptocurrency uses a certain type for example BITCOIN uses POW (proof of work) which requires MUCH more energy where ADA uses POS (proof of stake) which is "GREENER" and less energy intensive. THERE WILL COME A POINT IN YOUR STUDIES AND RESEARCH WHERE SUDDENLY IT WILL HIT YOU!!! WHEN YOU TRULY UNDERSTAND THE POTENTIAL OF CRYPTOCURRENCIES, YOU WILL STOP WONDERING what "this coin" or "that coin" is going to do over the next 2 weeks. You'll stop trying to catch the meme-wave. YOU'LL REALIZE NONE OF THAT MATTERS. IT WILL NO LONGER BECOME IMPORTANT TO YOU. YOU WILL SEE THE BIGGER PICTURE!!! *****
That is TRULY the best advice I could EVER GIVE ANYONE who asks about investing in cryptocurrencies! I HOPE you guys take that information and use it. ONE OF THE BIGGEST PROBLEMS facing cryptocurrencies today is LACK OF UNDERSTANDING. There are SO MANY people who are just near-sighted and THINK they understand it. Chances are, If you "THINK" you understand cryptocurrencies, YOU NEED TO UNDERSTAND MORE... ONCE YOU REACH A CERTAIN LEVEL OF UNDERSTANDING, you won't THINK anything anymore... YOU'LL KNOW!
I truly hope you guys enjoyed this read as I took A LOT of time to write it and honestly it just all came off of the top of my head in the moment but it really shows why the bigger picture is so much more important. If you enjoyed this please LIKE, FOLLOW, and SHARE. Spreading the word is much appreciated and it helps the bigger picture!
Thank you all! More charts and content coming soon.
**As always, I AM NOT A FINANCIAL ADVISOR and this is NOT FINANCIAL ADVICE. I ALWAYS RECOMMEND doing your own research or seeking advice from a your financial advisor. This is just data and speculation based off of my experience and research with cryptocurrencies**
Don't get me misunderstood, I DO BELIEVE there are many worthy projects out there Including ETHERIUM, SOLANA , POLKADOT, and even some newcomers like AVAX, and LUNA (I like both of them a lot). Then there's ETH 2.0 which IS GOING TO BE A GAME CHANGER when it comes out, no doubt! ETH 2.0 will definitely SHAKE THE MARKET UP! Some will argue that it's all about SPEED (that's the MAIN reason for the ADA haters), BUT I would argue that it's all about STAMINA! I don't care how fast you can build your projects and how fast your coin pumps overnight. WHAT I CARE ABOUT is when the WAR ON CRYPTO comes (BELIEVE ME, IT'S COMING!), and thing's get really ugly for a long while, WHO WILL BE ABLE TO WITHSTAND THE STORM? That's why I always tell you guys ADA is a long term HODL! Sometimes I even feel silly making charts forecasting the next 2 weeks LOL. It's not about that with ADA. If you're like a surfer and you're trying to catch these pumps like a surfer catches waves then just look and see which meme-coin is trending on Google and get on board before it pumps. Just don't forget to have targets set and PROFIT ORDERS SET AHEAD OF TIME because just like a big wave comes crashing down, meme-coins will crash 50%-70% after they pump as well.
Now lets talk about the chart and what I think is possible in the short term. ADA is just under the 20 WEEK EMA... HISTORICALLY, If you look on the chart and even if you pull up a chart yourself and see all of the times ADA has been below the 20 WEEK EMA have generally been very good BUYING OPPORTUNITIES! Well HERE WE ARE!
"HISTORY DOESN'T REPEAT ITSELF, BUT IT OFTEN DOES RHYME" - MARK TWAIN
It's been well established that the cryptocurrency market is much like the "WILD WILD WEST" right now because It is such a new market and over time, as the market grows, it will stabilize and it will require much more for "whales" to move the market. In several of my published ideas I have mentioned that I study, and use "Wyckoffian Theory" when analyzing charts and making forecasts for future price movements. I TRUELY BELIEVE understanding this can be one of the most important things to know when trying to predict future price movements for cryptocurrencies in general because of what I just explained above. It IS like the wild wild west out here. Some regulation WILL HELP, although there are people who fear regulation or believe that it goes against the idea of why cryptocurrencies were created to begin with. I DO SEE VALID ARGUEMENTS for both sides here but ultimately I believe they will CO-EXIST together and there will be a fine line drawn for what is and what isn't regulated. Lets not forget there will be many cryptocurrencies that exist and some can be strictly un-regulated and some can be partially-regulated. Many new cryptocurrencies like ADA
are multi-layered blockchains. This allows certain parts to be regulated and other parts completely unregulated and anonymous. I believe Charles Hoskinson, (founder of CARDANO, Co-Founder of ETHERIUM) understands that WHEN THE TIME COMES FOR CRYPTO, "this" will need fixing or "that" will need to change because of whatever reason arises! I REALLY encourage you to check out some videos Charles has posted YEARS ago about CARDANO and why cryptocurrencies need to be ready for these situations that could potentially come in the future. In one video he even mentions the scenario of "what if a pandemic comes" and explores the possible scenarios of what will change and what will governments do in certain situations. IT HITS HOME.
My point is this... I get people who ask all the time where is this or that crypto heading or say why is this or that dropping. The answer ALWAYS depends on your timeframe. ARE YOU INVESTING FOR 10 YEARS? or ARE YOU TRYING TO JUST "RIDE THE WAVE"? Before you make an investment/trade YOU SHOULD ALREADY KNOW HOW LONG you want to hold that investment. You can't get emotional and feel the urge to pull out or jump in... that is how you get wrecked!
Before investing, you need to know your timeframe! Your take-profit and stop-loss targets should be set BEFORE YOU BUY!!! Then... NEVER DEVIATE FROM THE ORIGINAL PLAN! Absolutely do not make emotional decisions with your investment. THAT is how people get "FOMO'D" in or make other reckless decisions in the market! THE CHANCES ARE, If you're too emotional with your investment it's because you're risking more than you can afford to lose! I know there's a lot of newcomers here and WE ALL want to get rich over night...but , instead, LETS BETTER OUR CHANCES by making LOGICAL decisions and sticking to the PLAN!
***** THE BIGGEST ADVANTAGE/SECRET I COULD EVER TELL YOU ALL IS THIS... STUDY CRYPTOCURRENCY. STUDY IT MORE. and STUDY IT MORE. Study blockchain technology and understand how it is different than any system we current use in the world today. Understand POW and POS Blockchains as well as others that are emerging! KNOW that every cryptocurrency uses a certain type for example BITCOIN uses POW (proof of work) which requires MUCH more energy where ADA uses POS (proof of stake) which is "GREENER" and less energy intensive. THERE WILL COME A POINT IN YOUR STUDIES AND RESEARCH WHERE SUDDENLY IT WILL HIT YOU!!! WHEN YOU TRULY UNDERSTAND THE POTENTIAL OF CRYPTOCURRENCIES, YOU WILL STOP WONDERING what "this coin" or "that coin" is going to do over the next 2 weeks. You'll stop trying to catch the meme-wave. YOU'LL REALIZE NONE OF THAT MATTERS. IT WILL NO LONGER BECOME IMPORTANT TO YOU. YOU WILL SEE THE BIGGER PICTURE!!! *****
That is TRULY the best advice I could EVER GIVE ANYONE who asks about investing in cryptocurrencies! I HOPE you guys take that information and use it. ONE OF THE BIGGEST PROBLEMS facing cryptocurrencies today is LACK OF UNDERSTANDING. There are SO MANY people who are just near-sighted and THINK they understand it. Chances are, If you "THINK" you understand cryptocurrencies, YOU NEED TO UNDERSTAND MORE... ONCE YOU REACH A CERTAIN LEVEL OF UNDERSTANDING, you won't THINK anything anymore... YOU'LL KNOW!
I truly hope you guys enjoyed this read as I took A LOT of time to write it and honestly it just all came off of the top of my head in the moment but it really shows why the bigger picture is so much more important. If you enjoyed this please LIKE, FOLLOW, and SHARE. Spreading the word is much appreciated and it helps the bigger picture!
Thank you all! More charts and content coming soon.
**As always, I AM NOT A FINANCIAL ADVISOR and this is NOT FINANCIAL ADVICE. I ALWAYS RECOMMEND doing your own research or seeking advice from a your financial advisor. This is just data and speculation based off of my experience and research with cryptocurrencies**
