ADA Cardano CAUTION Be Careful I wanted to post an update on ADA Cardano mainly for anyone who looks just to find vide3os of their exact coin they are investing in and or currently trading. I think that all too often people become overly involved and married to their ideas and or their one coin or stock and begin just looking at prices and point to BUY more and get their position DCA lower. This is all fine and dandy so long as you have an idea of what those levels are to watch for. when trading smaller priced coins in the cents people often just keep buying at each lower interval looking for it to just randomly stop at the next $0.01 cent down. Beware that this coin will begin most likely IMO dropping by 3-5 cents at a time from here should we lose this current level.
I also don't see a lot of well-balanced structure down below which is much the same for most of the crypto market at these current levels they are trading.
I'll begin trying to make more individual videos based on these popular coins being traded by the many newcomers to the crypto space in order to try and help bring some realistic expectations to their trading venture.
Hope this helps someone.
Chartstructure
Bitcoin BTC/SPX500 negative correlationsWe often hear about the dream of Bitcoin decoupling from the major markets and how that will look and when that will happen.
I think it is a great topic to pay attention to and take note of. You want to try and use ANY and EVERY tool you can to be a better trader and or look for any opportunities to seek out a correlation missed by others and use it to your advantage if and when possible.
I think that the delays in Bitcoin and the SPX at times on trading days while the major markets are open can possibly be used as an advantage to some traders, especially when trading on really low time frames and making split second decisions..