BITCOIN Breaks CRAZY Milestone! CARDANO Hits PARABOLIC Overdrive!
In this video, I delve into the current trends and movements of Bitcoin and ADA, highlighting key technical indicators and potential future scenarios. I begin with an analysis of Bitcoin, pointing out its break above the key yellow trendline and its position in the overbought territory on the RSI, hinting at a potential for further upside. I discuss the significance of Bitcoin breaking earlier patterns compared to the last cycle and emphasize the importance of watching the closing of the current daily candle, as it could indicate Bitcoin’s future trajectory. Turning to ADA, I examine its performance on the weekly chart, noting its impressive separation from key moving averages and its early and powerful moves compared to previous cycles. However, I express caution due to ADA’s current overextension from the 50-day moving average and its overbought status on the RSI, suggesting a potential for consolidation or pullback in the near future. I conclude by outlining possible scenarios for ADA, including a pullback to key support levels around 30 to 32 cents, and remind viewers of the importance of these technical analyses in understanding market dynamics.
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0:00 – Introduction to Bitcoin’s market movement.
0:30 – Bitcoin breakout macro divergence
2:00 – Bitcoin breaks crucial upper trend line
2:30 – Discussion on Bitcoin’s overbought status.
3:40 – Resistance for Bitcoin today?
5:15 – Bitcoin dominance
6:25 – Cardano weekly cycle pivot
7:45 – ADA price is exiting bear early
9:00 – Cardano daily overextension
10:30 – ADA is overbought
11:40 – Cardano .45 target
12:00 – Waiting for ADA to cool off
14:00 – ADA Dominance
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🟩 Bitcoin 4 Year Cycle Prediction – This May Change Your Mind On BTC
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*The above video references an opinion and is for news/information and entertainment purposes only. It is not intended to be investment advice, financial advice, or any solicitation, recommendation, endorsement, or offer that you buy or sell any cryptocurrency or securities. Trading in cryptocurrencies and securities is a high risk activity involving risk of loss so please seek a duly licensed professional for investment or financial advice. The information provided on this video should not be used to make any investment or financial decisions without consulting your financial or investment advisor. This video contains my opinion only and is not intended to cause harm or defame anyone or any entity.
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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