I've been very bearish on ADA the last six months or so. Now, it's time to make a little money. This is definitely going to test $1.00. I'm in at $0.88 but will probably sell after a pump to the the $.98-.99 range. Then I'll buy the dip and sell the pump back to $.98-.99. I'll wait for confirmation to the upside or downside after that before making my next trade. Peace!
EXPI has a solid business model and will likely be a solid growth stock. I think the price is right now for those who buy and hold for the long term. For those who are short-to-medium term swing traders, I think EXPI will dip further. I'll be looking to get back in when it hits the high $20s.
I think crypto may be turning a corner. People are waking up to some of the use cases (Russia-Ukraine SWIFT, Canada Bank Account Freezes, Inflation, etc.). Unfortunately for ADA fans, I see other Layer 1s growing their market cap more quickly. I believe ADA at one time was #3 in market cap. It is now #9. I think AVAX has a good chance of overtaking it in the next...
Rotation to value is fully underway. Air is being let out of tech bubble and speculative assets. Interest rate going up. Covid-lockdowns ending. Macro conditions look better for other assets.
Crypto pain to continue and then reverse in late Spring. ATH by the end of 2022. COVID lockdowns will mostly end by late Spring. However, airborne AIDS seems like it's the next horror story being spun up...so we'll see. Russia-Ukraine situation shouldn't impact crypto...only scare it a little and maybe help adoption. Government coercion and violence against...
What has become my reoccurring doom and gloom chart for Ada continues again. There is no reason to be 'speculatively' optimistic about a pump. Will I 'load up' on Ada if it soon drops into the $0.50s? Probably not. Other projects are showing more promise and potential bang for my buck. I really like swing trading cycles. Crypto's bull cycle ended a few months...
We are nearing a cross roads. ADA has hovered for a long time in the $1.00-$1.20 range. However, volume is weak and the macro environment is not looking great. Many retail investors see crypto as a hedge against fiat debasement and problems caused by governments (good use cases); however, the big money stills views crypto as a speculative asset ($$$). I think the...
Speculative assets, like HOT, face an up-hill battle over the short term. The market is rotating from growth to value. This has and will continue to impact crypto. However, I think innovation will propel certain projects forward. Holo is making progress on its roadmap and several exciting milestones are on the horizon. Because of this, I think we'll see an up...
I still see way too much optimism in crypto, generally. The world is rotating from speculative assets (Peloton, small cap tech, crypto, etc.) to value assets and industries. In that sense, there is nothing ADA or other crypto investors and traders can do other than: 1) trade short-term swings 2) exit the market and put their money in value, or 3) hodl, watch...
The entire crypto market is bearish. Crypto TOTAL is strongly correlated to NDX and tech ETFs. It is actually front running tech stock declines as interest rates rise. Since cryptos are highly speculative, much more so than even small cap tech, expect significant losses in the months to come, ADA will be no exception. Insiders will not plow much more money into...
The TOTAL crypto market still has another 50% to fall before the next bull run commences. TOTAL will drop to the 2018 highs, giving it a market cap of around $800B. Since crypto is 98% speculative, MFI is a leading indicator to watch. MFI is in an extended decline. Until MFI shows a sustained uptrend, it is safe to assume that price will go down-to-sideways. Look...
I think the clock is running out on the current generation of blockchain projects. They've demonstrated both the potential of decentralized platforms and problems (scalability, accountability, token volatility, etc.). I think ETH gets to $5,000 by mid Spring and then it's done. I don't see massive corporations and governments going out of their way to fully adopt...
Cardano (ADA) will continue to decline from its peak price of around $3.00. The project was pumped by speculators as a viable alternative to other blockchain platforms. It reached an untenable market cap in September, as price became wildly unhinged from fundamental value. Cardano has developed interesting technology and could be a legitimate global platform at...
I had high hopes for REN! I've been a hodler for around two years; however, I think it's time to say goodbye. This project is steadily becoming irrelevant. Monetizing open source/public use protocols is a tough business...how many email protocols are monetized directly by users (they are maintained by data collection and ads)? This project has slipped technically...
NDX will feel the pain for the next couple of years. Stocks prices have wildly decoupled from fundamentals. Keeping in mind many of the principals and theories underling technology advancement, e.g. Moore's Law, I don't think we're in for a prolonged period of decline, such as the recovery period following the DOT COM collapse. The next rally will come on the...
I know there is a lot of optimism that ADA is at a bottom and a major bounce to $1.70, $2.40, and $3.10 is around the corner. Unfortunately, the signals for these scenarios are very weak. Instead, we have a project that is retracing after a major pump in 2021. It soared way too high and is still falling back to earth. The declining MFI and weak upswings followed...
I'll stay optimistic and hope that there'll be some sort of Spring 2022 turn around. However, ADA looks dismal. Volume is way down and MFI is sad. All the people saying that ADA is at a bottom are full of hopium and have no idea what they're talking about. There's nothing to suggest we are at a bottom or that ADA will reverse course. Yes, a short-term pump is...
So, I nailed my last EXPI idea. Holy smokes, it went right to $27-28 and I loaded up. Now, which way does EXPI go? RE stocks will likely suck for a while longer but can EXPI really drop into the teens? That'd be borderline absurd. I think a $5B market cap is a fine resting place for EXPI for a while. I don't expect the price to drop much further...its down nearly...