Cardano to crash but rebound to new ATH's?
Updated
Reasoning:
ABC correction is over and it is currently holding at a strong support level. This will break when the CME Futures expire on bitcoin, causing the entire market to collapse. After the crash, the entire market will likely enter a bull market in the shape of an elliot wave as new futures are placed at long positions.
Conclusion - Short and buy the dip. Place buy orders at 30 thousand satoshis and prepare to ride the wave up.
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ABC correction is over and it is currently holding at a strong support level. This will break when the CME Futures expire on bitcoin, causing the entire market to collapse. After the crash, the entire market will likely enter a bull market in the shape of an elliot wave as new futures are placed at long positions.
Conclusion - Short and buy the dip. Place buy orders at 30 thousand satoshis and prepare to ride the wave up.
~Drop a like if this helped you in any way ~
Note
At the moment, I am not seeing the signs I anticipated in the hours before the crash. It looks like the bears have not moved to push prices down prior to the futures expiring but there still is a chance that it could happen.Note
Bitcoin:The crash has come with an expected double bottom as it would be WAY to hard and costly to manipulate prices down below 9000 and would be against what the futures holders master plan. Bull run expected after this.
Buy: $9200 | 75%
Buy: $8500 | 25%
Altcoins: When bitcoin bottoms at these prices buy up. It is very unlikely that bitcoin will drop further.
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