One Major Clue Of A Crypto Rally! Bitcoin & Cardano Sit At Insane Support…

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One Major Clue Of A Crypto Rally! Bitcoin & Cardano Sit At Insane Support…

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38 Comments

  1. 🤔 hot take ; we hit peak CPI inflation in June . It starts coming down in July but it stays sticky and high for the rest of the year . People take the initial few months of CPI going lower as a sign to jump inn and wait for the fed pivot . The pivot doesn’t come b/c of sticky inflation , company earnings show a slow down for the rest of the year . And it’s a dead cat bounce in both traditional markets and in crypto . What does everyone think ..

    1. I think you are right. We are overdue for a relief rally. Other bear markets have had a really big relief bounce only to then drop to a lower low (usually the bottom). That fits what you are describing.

    2. June’s CPI data is already really outdated. Gas prices peaked in June and I seen it tanked by almost 10% at gas stations since then. Commodities tanked hard end of june but the cpi doesn’t reflect that because it represents future prices.

    3. @Zack’s Lawn Invoice yep seen that trap too! 🤣 Report gets printed. We see a bounce then rapidly next day a awful drop. But I have a feeling this one is different… Hopefully!

  2. Bro. Can I just say through thick or thin, you’ve guided, supported. The right amount of hopium with the right balance of caution. Literally one of, if not thee most influential and accurate people I follow.
    I feel you bro.
    My type of content maker

  3. ada 3.2 bucks by september…you can now run eth dapps on cardano using virtual machines…it will kill it midterm

  4. I like that you cover a lot of Cardano. Always keeping it in the lines. I’m curious do you watch any cardano Alt coins?

  5. I say it goes up. Daily has double bottom. Daily closed a lower high, that is after today CPI report. Also look at Cardano monthly chart after last failed higher high at 48 cents. Leg stretches all the way down forming a Gartley then bounces today. I say we going up homies!… I bought this dip very nicely!!!

  6. Also, I saw today in Coinbase trading activity for Cardano is 95.5 buy 4.5 sell. I have never seen that number like that. A week ago read an article that said ADA is not showing any more dumping or sell. A lot of big whales holding ADA at this price are not selling. We should be seen something nicer soon. Monthly candle close doesn’t look attractive but doesn’t mean something dramatically can happen this month and get a better close

  7. I subbed yesterday and watched heaps of your videos. Your approach is excellent thank you for info. 🙂

  8. There’s no way that I find this situation negative. I have a job I love but it’s low pay. I’ve been putting every penny into crypto since April and will be doing for another 12-18 months until this really starts to reverse. Why would I be negative about the best opportunity of my life? Haha.

  9. In the current case, a significant portion of the inflation is caused by supply chain disruptions. To reduce current inflation the government should be using tax incentives to compensate consumers for delaying their purchase of homes and other high priced items until next year and the following years, when the supply chains should be more stable, and our productive capacity will be restored. This would allow people to save more money, while demand is reduced, instead of the Fed taking away their money to reduce demand.

    1. the severity of the condition of our economic circumstances is beyond many peoples comprehension and many continue to deny its existence.

    2. People are working and there is little or nothing to show for it. everybody is basically working to sort out one bill or the other. no savings.

    3. Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire. Personally I hired ‘’Eileen Ruth Sparks’’ a financial advisor who sets asset allocation that fits my tolerance and risk capacity, investment horizon, present and future goals.

  10. Cardano upsets me. I invested so much in this usdt coin and as a result, this coin fell so much. I’m upset.

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