Saturday, May 18, 2024
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BITCOIN Parabolic Target Activated! CARDANO Bulls ARE HERE!

In this video, I can't believe the charts for Bitcoin and ADA. There are bullish targets to the upside, but there are also reasons for caution. Bitcoin is testing a key resistance area with bearish divergence on the RSI, which could lead to consolidation. However, there are potential catalysts like the CPI data and the possibility of SEC approving Bitcoin ETFs that could send Bitcoin soaring. ADA is in a falling broadening channel with a target of 75 cents, but it's also facing bearish divergence and potential resistance. The consolidation phase for ADA is uncertain, but the long-term outlook is bullish. Total value locked in ADA is rising, and when price starts rising alongside it, ADA could see parabolic growth. So, while there may be short-term uncertainty, the long-term prospects for ADA look promising.

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Intro 00:00
Zoom out on crypto 00:45
Bitcoin 1:20
Cardano 6:00

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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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By: Crypto Capital Venture
Title: BITCOIN Parabolic Target Activated! CARDANO Bulls ARE HERE!
Sourced From: www.youtube.com/watch?v=UosBpG-4gO4


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