Dear ladies and gentlemen, Cardano (ADA) will go bearish after the next peak. We cannot ignore the fact that the market is going bearish and that there is a small possibility for it to turn bullish if BTC breaks the next resistance line (check my BTC post). But we have to think and work on the worst scenario, even if it would be the best scenario for real traders. After BTC fails to break through the resistance line the bearish market will be confirmed and it will take few months for the market to get our of it. But how are BTC and ADA connected ? The BTC dominance increased and it will increase even more during the bearish phase, this will bring all the altcoins to follow BTC up and down. It is going to be easy for us to check the market situation during this bearish phase due the high BTC dominance.
What I am going to do with my ADA is: Sell when it reaches the new peak then buy it again after it drops to down to the next dip. That is going to allow me to start trading ADA during the up and down phase and make around 20/30% more ADA every single time.
If you have questions about this "short" trading phase feel free to ask in the comment area.
What I am going to do with my ADA is: Sell when it reaches the new peak then buy it again after it drops to down to the next dip. That is going to allow me to start trading ADA during the up and down phase and make around 20/30% more ADA every single time.
If you have questions about this "short" trading phase feel free to ask in the comment area.