Why I just bought *this* Crypto.

cardano i bought cardano ada

this morning twice during the course

member live stream this morning which

obviously you know there's a link for

down below and a 40 off coupon code you

could use which expires soon

you can join and talk to me as we do

trades like this but this morning i

bought cardano why did i buy

cardano and when did i buy cardano and

what do i think about the future

of crypto pricing let's talk about that

right now

why did i buy cardano i bought cardano

because it hit one of the most

strong support levels we have for

cardano

essentially a few pennies over

a dollar take a look at this folks it's

not even on here in terms of a line yet

because we're going to draw it together

because it's so juicy

the first thing we're going to do is

we're going to get rid of this volume

line here so we can actually see this a

little bit better

then we're going to take a trend line

and i'm going to show you exactly where

this is because it's

obvious take a look at this see this low

right here

bouncing off 103 104. see this low right

here

bouncing off 99.2 and bouncing off 102.

see the low right here 105. 105.4

see the low this morning 102.

folks i kid you not this is a

very very strong support line you can

even make it nice and fat

for cardano once you hit a dollar you

tend to have massive support we have

also previously had buy signals come in

at 116 and 123 on the day chart

for cardano which both ended up being

excellent

in the short term via this algorithm now

if i jump into the

day chart and i get in on the

candlesticks onto the one minute level

here

you're going to see we also had buy

signals come in this morning

at around 102. now here's how i

aligned my purchase for cardano the

entire day

i have been watching bitcoin all day

long whether it was in my public live

streams my private live streams

we've been watching bitcoin all day long

we've also been charting trend lines for

bitcoin this is why technical analysis

is very useful

especially when you are a fundamentalist

because you can time your entries

better this is why you got to know both

this is why i teach both of my stocks in

psychology of money group

so we're watching the trend earlier we

saw a very

sharp rising trend here on bitcoin in

fact i drew this particular red line

before we even had this section over

here and when we started reiterating

this section and the trend despite

short-term consolidations we continued

that angle trend

i started thinking to myself okay this

could potentially be

bounce zone for crypto and if bitcoin

bounces

ada is going to bounce they work

together they play together so

let's go to this is from a different

video let's go to coin market cap

and let me show you cardano here on

trading view

where you could see it yourself nicely i

want you to be able to see this as well

take a look at this folks let's get down

into the one minute chart

and let's take a look at where we bought

it this morning so this morning

as we were watching bitcoin jump we

saw cardano start moving to around

104. we feel we had tested our bottom

with a nice ascending double bottom look

at this

bottom bottom ascending trend right here

double bottom get to about 104. at 104

in the course member live stream

i mentioned hey we're thinking you know

i'm thinking ada

if if bitcoin starts breaking out i'm

thinking about adding to ada

now a bunch of the freaking course

members

started buying it at 104 and then when i

finally got around to buying it

i ended up buying it at 107 and 108

which is kind of funny which is totally

fine i am happy to share

uh it was just kind of funny right now

we're sitting at 120.

i want to talk about downside though so

first of all buying it at 104

excellent buying it at even 110

excellent honestly even 120

is relatively cheap we are not expecting

this death cross pattern

to come so quickly with bitcoin and

continue to have this sort of downward

drag especially with china

and this is why we've seen cardano get

depressed i think this is a temporary

depression of value

i really believe that and i think there

are opportunities to dollar cost average

in

at strategic time points in coins like

cardano or ethereum or bitcoin now

i do want to talk about potential

downside risks

if cardano breaks the one dollar support

we could potentially go down to either

80 cents

or 50 cents it could be a very painful

way down

we could be cheering right now about 16

cents when we could throw 50 cents out

the window

so you got to know that when you're

looking at cardano you've got to be

careful

but what's going to lead cardano to sell

off no

it's not canardo cardano it'd be bitcoin

okay if bitcoin ends up retracing

back down to our 28 level where we had

panic this morning

and we end up getting that trend

accelerating and we get down to 1909

cardano will get trashed along with

every other cryptocurrency related stock

big digital hot a uh marathon riot

blockchain i don't care

what stock it is if bitcoin goes to 1990

it is going to be

painful and it is going to be bad i blew

all of the money i was able to instantly

coinbase transfer over

to coinbase i am sending a wire with

more money probably somewhere around 300

000

to start with to coinbase and it's just

gonna

sit there until i see another juicy

opportunity

so obviously i send a buy sell alerts

every time i buy or sell

anything doesn't matter if it's options

stocks crypto

in the stocks in psychology a money

group don't copy my trades use them as

suggestions

so these are my thoughts for ada i

really like ada

it's over it's in my opinion it's sold

off at a higher percentage than ethereum

and bitcoin i believe the upside is

potentially equally great

that we're going to see a bigger upside

at ada cardano

over ethereum and btc that is no shade

off bitcoin

or ethereum i love them honestly if i

had a little

index fund basket i would have a mix

bitcoin ethereum and cardano

and i might even consider adding one or

two more but i'm not ready to

mention which others i'm looking at yet

but i would have a little basket of

various different coins

i like different coins so anyway this

gives you an update on

my thoughts on crypto what i did this

morning

why i did it it is a technical move we

made here that's

why i'm not talking white papers and

fundamentals i think i make it pretty

clear on this channel when i'm talking

about technicals or when i'm talking

about fundamentals

and i want to be crystal clear check out

those coupon codes down below that 40

off coupon code

is expiring this month which this month

is going to be over in about a week

now just a quick extra note on technical

analysis this morning

the technicals were not lining up for a

particular stock i had a very small

and a short-term trading position in i

saw volume declining and i saw

indicators that were suggesting you know

what

we are setting up for a down trend and

folks

that was torchlight we touched my

support line we bounced off my support

line

i ended up selling uh right around here

958 956 somewhere around here 958 956 i

sold and i mentioned in the course

member live stream this morning

i said i think that because today is

really the last day people might want to

get in

to get their special dividend there's a

chance this particular stock

could roll over substantially we could

see a very very big rollover very very

quickly

after i mentioned that this morning in

the course member live stream folks i

kid you not

the darn thing is down 17.8 now now it

did bounce off seven dollars and four

cents

it's possible maybe this is a new

support level i don't know

i'm personally out of this trade this

could easily run again

we still have the rest of the day left

but you've got to believe that technical

analysis works and i'm just

using that to say look if you want if

you were still trading this you wanted

to get back in hey you know fine maybe

but just be careful because today's a

big day and you're going to hit peak

media over the next few days here with

torchlight

no no no shade on actual torchlight for

fundamentals just ta purposes okay

but the point of bringing this up is to

mention that ta is something you've got

to pay attention to if you don't believe

it

pay more attention to it and maybe soon

you'll get convinced

check out this course's link below

[Music]

you