CARDANO PRICE PREDICTION 2023 (PREPARING FOR THE BULL MARKET) — Transcript

Full transcript

1. 0:00hello everybody hope that you're having
2. 0:02a nice weekend today it's Saturday and I
3. 0:04think it's going to be a new thing for
4. 0:06the channel a Saturday thing I think
5. 0:08last week we charted chain link and I
6. 0:10told you guys that if you wanted me to
7. 0:12chart any other altcoin you could
8. 0:14request the article in the comments
9. 0:17request so here I am charting your coin
10. 0:21now if you want me to chart another
11. 0:23alcohol mention in the comments and next
12. 0:26weekend next Saturday
13. 0:29another for example Solana polkadot does
14. 0:34requests so depending on what I see in
15. 0:37the comments of this video I might
16. 0:39charge those ones or a different one so
17. 0:42anyway guys Carden I think it's quite
18. 0:44interesting coin because in the previous
19. 0:47vulron
20. 0:48you did something
21. 0:50insane I remember in Market Capitals top
22. 0:54four top five I think the ranking was
23. 0:56Bitcoin ethereum BNB
24. 0:59cardano and then it was
25. 1:02um Teter usdt so did amazing and if you
26. 1:07see what happened here at the top was at
27. 1:10three dollars ten
28. 1:12and if you check the bottom this is mind
29. 1:15blowing look at this
30. 1:17one cent
31. 1:20one set from one cent it went to three
32. 1:24dollars ten it doesn't make any sense
33. 1:26I'm not saying that it's gonna happen
34. 1:28again obviously because also what we saw
35. 1:30at the top it was like a insane amount
36. 1:32of fomo but I did a 17
37. 1:35000 percent guys that's insane of course
38. 1:37I'm not saying that ADA is gonna do that
39. 1:40in the next version because that will
40. 1:42take you to
41. 1:43something like 50 60 dollars for enough
42. 1:47and I don't think that's possible
43. 1:48because the market cap needed for a move
44. 1:51like that it doesn't make any sense it's
45. 1:54it's almost impossible to be honest with
46. 1:56you so I want to keep your feet in the
47. 1:58ground okay uh we're gonna now have a
48. 2:02look at the liquidity pools that I can
49. 2:04see in the chart that they're gonna be
50. 2:05potential targets to the upside
51. 2:08also to the downside because you have
52. 2:10the question of
53. 2:11half altcoins bottom okay is is this the
54. 2:15bottom of cardano about 24p
55. 2:17I'm not sure about that so when I go
56. 2:19through the charts and see what they
57. 2:21tell us first things first let's start
58. 2:23to find imbalances you know from this
59. 2:26move from the top to the to the lows
60. 2:29um okay the imbalances that I can see so
61. 2:31far would be this candle here
62. 2:34okay
63. 2:36um this one over here
64. 2:38iotc are quite a long week here so let's
65. 2:41mark the 50 of it
66. 2:43okay that's around 220 and of course
67. 2:46this imbalance from the highs
68. 2:50and you can see that it's quite
69. 2:51interesting
70. 2:52the biggest imbalance that I can see in
71. 2:54the chart is at the highest
72. 2:56you know this imbalance is basically
73. 2:58what they are they are zones in the
74. 3:00chart that price is going to come back
75. 3:02to at some point we don't know when
76. 3:04obviously it'll be in the next Bull Run
77. 3:06what is the next problem it's difficult
78. 3:09to tell have you seen the bottom yet
79. 3:12but when I got through that in a minute
80. 3:13okay but these are the zones to the
81. 3:15upside the price is going to go to okay
82. 3:18I can tell you that pretty certain okay
83. 3:21now does this mean that it's gonna come
84. 3:23to this highs you know and that's one of
85. 3:25the top of course not because you know
86. 3:27guys how bull runes are I mean it's most
87. 3:29likely things that we see a new high uh
88. 3:33I'm not of course I'm not talking about
89. 3:34I'm not even I don't even thinking that
90. 3:37ten dollars is possible at this point to
91. 3:39be honest but I think that maybe four
92. 3:42dollars yeah around maybe four dollars
93. 3:44or three seventy I think that makes some
94. 3:48sense
95. 3:495 volts is it quite far to be honest I
96. 3:51don't think
97. 3:52that either can go to five dollars in
98. 3:55the next Ballroom
99. 3:56I don't know it's just my opinion guys
100. 3:57uh but anyway if you happen to buy here
101. 4:01for example
102. 4:03and we go again to the highs you know
103. 4:05that's out of there
104. 4:07almost 700 percent now if you go to four
105. 4:09dollars that's a one thousand percent
106. 4:12but now you have to keep in mind that
107. 4:13there is a chance the price goes lower
108. 4:15we're gonna go through this now
109. 4:18but imagine the price goes back to 20
110. 4:21cents okay let's check now from 20 cents
111. 4:2320 cents to the highest again to three
112. 4:26dollars that's around one thousand three
113. 4:27hundred percent but if it goes to four
114. 4:30dollars that's one thousand and hundred
115. 4:32percent almost two thousand percent
116. 4:33that's double as if you buy now okay so
117. 4:37it's very important
118. 4:39to you know to have a plan I'm gonna
119. 4:41tell you what I think of course not
120. 4:43foreign
121. 4:49or even in this Zone as you want to DCA
122. 4:52yes why not you can DCA now but if you
123. 4:55haven't bought anything
124. 4:57you know you can rule out the scenario
125. 5:00that maybe this is this is not the
126. 5:02bottom maybe this is a lower price now
127. 5:05okay of course you could buy now if you
128. 5:07wanted to and then buy lower if you have
129. 5:09the opportunity all right but I'm gonna
130. 5:11show you why I think that it's likely
131. 5:15that we see new lows for cardano
132. 5:18I don't know if you guys know this chart
133. 5:20it's a total three this is the market
134. 5:22cap in crypto excluding Bitcoin and
135. 5:24ethereum so you only have altcoins and
136. 5:27stable coins okay and this is I I use
137. 5:30this when I when I chart a new altcoin
138. 5:32that have been charged for for months or
139. 5:35weeks
140. 5:36um I like to have a look at the total
141. 5:38three and compare it with the altcoin to
142. 5:40see if the ultimate is moving you know
143. 5:42according to this chart or if it's
144. 5:44moving in a different way or making
145. 5:46different moves so you can see that
146. 5:47cardeno
147. 5:48you know is making the same moves so
148. 5:51nothing really to point out here now if
149. 5:54we check the 50ma in the weekly time
150. 5:56frame this is what I meant if you're
151. 5:58here yes you can this here now but if
152. 6:01you haven't bought yet you have two well
153. 6:03three three options
154. 6:05to have the option of buying now and if
155. 6:09it goes lower you can DCA but I'll tell
156. 6:12you that this year lower is not really
157. 6:14my style I like to DCA as price goes up
158. 6:17okay this is what that's what I usually
159. 6:19do so really to me there are two options
160. 6:21now and is to buy after confirmation
161. 6:24you're gonna lose some appreciation of
162. 6:26price but you know that when you buy
163. 6:28it's not gonna go low one it's quite
164. 6:30safe for you to make money or you know
165. 6:33you can see and wait if we make new lows
166. 6:35that's the responsibility so let's see
167. 6:38what I mean about buying in confirmation
168. 6:39let's see what happened in the previous
169. 6:41World room this was 2020 right before
170. 6:44the ballroom and you can see the you
171. 6:47know we have the one or two cents
172. 6:50opportunity and then it made a move
173. 6:53above the 15 in the weekly time frame
174. 6:55you can see that here it was resistance
175. 6:56again resistance now push above the 50ma
176. 7:00come back to it tested a support and
177. 7:04then you can see price going higher so
178. 7:06that would be my confirmation to buy
179. 7:10this altcoin okay I would like to see
180. 7:12the same you know push High break above
181. 7:15the 50ma this is a support and that's
182. 7:18your buy Zone okay so yes of course if
183. 7:22you don't buy now and price goes high
184. 7:25from here then you're gonna miss summer
185. 7:27Precision in price but I mean it's not
186. 7:30that much from 38p to around 48p 49p
187. 7:34it's not that much written here you're
188. 7:36gonna have the security and the
189. 7:38confidence that price is going to go
190. 7:40higher so do you have an opinion on
191. 7:42these options as to to buy
192. 7:44in confirmation or we're gonna go now
193. 7:47through the scenario that is what about
194. 7:49if price hasn't bottomed yet
195. 7:53we're on the Bitcoin dominance chart
196. 7:55we've been stuck in this range for two
197. 7:58years now and basically you can see the
198. 8:01price has been going up down up down up
199. 8:04and many people here are currently for a
200. 8:07North system because they were expecting
201. 8:08price to go down this is technically
202. 8:10wrong because these drops are not old
203. 8:13systems okay this is announced season
204. 8:15here let me show you
205. 8:18in 2021 beautiful time for crypto uh
206. 8:24this was another season okay but you can
207. 8:26compare these moves the difference is
208. 8:28like three four times the the size of
209. 8:31the drop okay so this would only be you
210. 8:34know altcoin rallies but not all season
211. 8:36now you can see that this time
212. 8:38it's looking a bit different than the
213. 8:40previous time because usually what we
214. 8:42see is a week and price gets rejected
215. 8:45again
216. 8:46to the low of the range but this time it
217. 8:48seems like you know we haven't got a
218. 8:50rejection yesterday after the Scandal
219. 8:52we've gone back to it above it okay and
220. 8:55now we are doing so kind of
221. 8:58consolidation here
222. 9:00in resistance so what about if we see
223. 9:03the Bitcoin dominance breaking out you
224. 9:05know do something like this
225. 9:07to 52 53 percent that would
226. 9:11wrecked the altcoin market I can tell
227. 9:15you that that would destroy altcoins
228. 9:18um if you compare this cycle this bear
229. 9:21Market with other bear markets in the
230. 9:23past
231. 9:24I remember the in previous bear markets
232. 9:27literally you could see 90 of altcoins
233. 9:31projects disappearing
234. 9:32have you seen that in this cycle
235. 9:35not really so that makes me think
236. 9:39that maybe we haven't reached the bottom
237. 9:42in the altcoin market maybe maybe the
238. 9:44Bitcoin dominance breaks out and which
239. 9:47says some kind of a big dump in altcoins
240. 9:51okay
241. 9:52and this reminds me of what happened
242. 9:55back in 2018
243. 9:57because I remember that here we saw the
244. 10:00Bitcoin dominance going up and Bitcoin
245. 10:02going up
246. 10:04um alkins were taking a you know quite a
247. 10:06dump here I would say let's check this
248. 10:07total three again uh
249. 10:10um I mean yes you can see the from here
250. 10:14okay the Bitcoin dominance was going up
251. 10:17and the altcoins was going were going
252. 10:20down you can see now
253. 10:22the interesting part about this is that
254. 10:25then
255. 10:25Bitcoin went down
256. 10:28and the Bitcoin dominance held this one
257. 10:31and didn't go down
258. 10:33and this time it was when the altcoin
259. 10:36market
260. 10:38crashed and I'm telling you crashed
261. 10:40because it went from 67 billion
262. 10:44dollars market cap to 30 billion dollars
263. 10:48market cap so that was
264. 10:50fifty percent in the 50 drop in the
265. 10:53total free remember that there are also
266. 10:56some stable concierge so really it's not
267. 11:00fifty percent for all good it's more
268. 11:01like maybe like a 55 60 drop now I'm not
269. 11:04saying that this is going to happen
270. 11:06again okay I'm not talking about 60 drop
271. 11:09from here in altcoin's ball you know if
272. 11:12Bitcoin dominance breaks Above This
273. 11:14resistance
274. 11:15and we go to 52 53 percent
275. 11:19I think the outcomes are not gonna do
276. 11:21well
277. 11:22now if we go to the cardano versus
278. 11:24Bitcoin chart
279. 11:27you want to see that is not looking
280. 11:28bullish at all because we keep making
281. 11:31new lows so the most likely thing in my
282. 11:34opinion is that we see a new low in the
283. 11:36cardano versus Bitcoin chart
284. 11:38because Bitcoin is outperforming
285. 11:40altcoins
286. 11:42okay that's what the Bitcoin dominance
287. 11:43keeps going up so if we see something
288. 11:46like this for the Bitcoin dominance
289. 11:49chart you know flipping this resistance
290. 11:52into support
291. 11:54I think we're gonna go probably to 52
292. 11:56and 53 percent and in this one here
293. 11:59if Bitcoin goes down
294. 12:01and the Bitcoin dominance holds I'm by
295. 12:04going down I'm saying to the Bitcoin
296. 12:07goes to new low so I'm saying that
297. 12:08Bitcoin maybe goes to 25k 22k at the
298. 12:13same time because timing is very
299. 12:14important that the Bitcoin dominance
300. 12:16flips this resistance into support and
301. 12:18holds this Zone
302. 12:19then we're gonna see a big dump in
303. 12:21altcoins
304. 12:24I know if the title of the video said
305. 12:26something like Carolina might go to five
306. 12:28dollars it might explode soon
307. 12:32I will get more use but what's the point
308. 12:34guys I'm a Trader so as a Trader have to
309. 12:36be prepared for anything to happen and
310. 12:39that's why I make my own plans
311. 12:41I don't know in cardan at the moment if
312. 12:43you do
313. 12:44of course you can DCA that's a valid
314. 12:46strategy but I don't and my plan is
315. 12:49either to buy a confirmation that will
316. 12:52be a retest of the weekly 50ma
317. 12:55or
318. 12:57to see if we can see something like this
319. 12:59happening okay that would be the Bitcoin
320. 13:01dominance
321. 13:02to flip this resistance into support or
322. 13:05maybe go higher to 52 53 percent that
323. 13:08would bring altcoins down or if the
324. 13:11timing is perfect and we flip this
325. 13:13resistance into support and we hold here
326. 13:15for the Bitcoin dominance while Bitcoin
327. 13:18goes down maybe to 25k 22k then again
328. 13:22you're gonna see a victim for altcoins
329. 13:25so let's go now to the chart of ADA
330. 13:27versus the dollar and see what bisons
331. 13:30but I'm fine
332. 13:32we are back in the cardano chart and we
333. 13:34Mark the imbalances to the upstairs so
334. 13:36they are going to be take profits areas
335. 13:39okay and I want to maximums to the
336. 13:40downside in case we see the second
337. 13:42scenario that I story about of the
338. 13:44Bitcoin dominance
339. 13:47um playing out okay so you can see in
340. 13:49the monthly time frame you can see
341. 13:50pretty clear double cardano was doing
342. 13:52here was
343. 13:53retracing this liquidity pool in the
344. 13:55left between 34 cents and 18 cents okay
345. 14:00and you can see that now it has already
346. 14:03retraced about I would say 60 percent of
347. 14:05this liquidity pool but why not why
348. 14:08couldn't it retrace the other
349. 14:1040 okay and that would be this Zone here
350. 14:15okay let me Mark it for you
351. 14:18between
352. 14:2024 cents okay that's a previous loan and
353. 14:2318 cents okay I mean it's all it seems
354. 14:28like it's already retracing this this
355. 14:30liquid pool now if you don't if you see
356. 14:32cardano can't break this Zone Above This
357. 14:35Zone
358. 14:36okay you can see that it's been it's
359. 14:39been the resistance for qualm time even
360. 14:42all the way here and here was support to
361. 14:45be honest so you can see that this was a
362. 14:46support Zone that now has become
363. 14:49resistance so if we see you know a push
364. 14:52down again
365. 14:53and this lows don't hold they're gonna
366. 14:56see cardano going to this area all the
367. 14:58way to 18 cents now if we go to the
368. 15:01weekly time frame let's see if we can
369. 15:03see the same
370. 15:06okay in the weekly time frame
371. 15:09uh what let me remove this because in
372. 15:13the weekly time frame you can see
373. 15:15an imbalance in this Zone here
374. 15:18and another imbalance below
375. 15:21okay
376. 15:22and if I extend this here
377. 15:26I want to say the you want to see this
378. 15:27more clear
379. 15:29you have an imbalance between 23 cents
380. 15:32and 21 cents and another imbalance
381. 15:35between 19 cents and 16 cents so yeah I
382. 15:39think like the monthly timeframe was I
383. 15:41think more clear of course you could go
384. 15:43if he breaks you know below this Zone
385. 15:46I think that the main target I'm gonna
386. 15:48be keeping an eye on should be 18 cents
387. 15:50but I could also go the way to 16
388. 15:52Central I don't know first of course you
389. 15:55have to see how it's going to react in
390. 15:57the wiki time frame you can see the same
391. 15:58here this was support now it's
392. 16:01resistance if it doesn't break below it
393. 16:03or it doesn't break above the 50ma and
394. 16:06Tesla support
395. 16:08then the most likely thing is that
396. 16:10cardano goes back to this lows and if
397. 16:12they don't hold then we are going to see
398. 16:1518 cents now imagine for a moment that
399. 16:18if we uh if we buy a 18 cents
400. 16:21let me check this for you
401. 16:24if we buy 18 cents okay and it goes
402. 16:28again all the way to to this
403. 16:31um quite a big liquidity pool that I
404. 16:33think price is gonna go there yes or yes
405. 16:36that's a 1 500 percent up that's insane
406. 16:40okay this is what I mean guys uh of
407. 16:43course again if this idea gets
408. 16:45invalidated and we see
409. 16:47price breaking above the weekly 50ma
410. 16:51test the support then I'm buying in this
411. 16:54Zone okay I'm a buyer here and then from
412. 16:57here
413. 16:58to again do size
414. 17:00that would be uh almost 500 percent is
415. 17:04three times less but still that's a
416. 17:07times five I will be pretty happy okay
417. 17:09so that's that's the chart that I have
418. 17:11now in man that's my plan for Colorado I
419. 17:14hope that you like the video guys and
420. 17:16I'll see you soon