CARDANO Bull Indicator Almost ACTIVATED! (Truth Behind ADA Price!)
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6 ماه پیش
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In this video, I discuss
In this video, I discuss the current market conditions where Bitcoin is trading above $60,000 and Cardano (ADA) is around 65 cents, significantly lower than its previous high when Bitcoin was at similar levels. I address concerns regarding ADA's price performance compared to its past and explain why I'm not worried. Using Ethereum as a case study, I highlight the cyclical nature of cryptocurrency markets and ADA's potential for a rally. I delve into the historical data of ADA and Ethereum to illustrate their bear and bull market cycles, emphasizing the importance of development phases, like DeFi, in these cycles. I also touch on the concept of bull market doors and Bitcoin dominance, suggesting that altcoins, including ADA, typically lag behind Bitcoin's moves before making significant gains. Towards the end of the video, I explore technical indicators on the Cardano weekly chart, particularly a recent "break of structure" signal that could indicate the start of a bull market for ADA. Despite ADA's current lag behind Bitcoin, I express confidence in its potential for a future rally, based on historical patterns and technical analysis.
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Intro 00:00
Cardano price concern 00:50
Is Cardano price lagging this cycle? 1:30
Ethereum offers helpful context 2:30
Cardano is within a normal move 8:00
Cardano bull indicator almost triggered! 9:25
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Crypto Capital Venture is big on tracking bitcoin market in particular. The general premise of technical analysis videos on Crypto Capital Venture is that although Bitcoin price price moves very in a very volatile way, there is much opportunity in being prepared for upside and downside. We also cover Bitcoin news on this channel as it comes out.
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6 ماه پیش
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