Atcoin day trading – Cardano – The best Elliott wave analysis – Episode #8
welcome this is icon day trading the best elite week analysis episode number eight i'm going to talk about cardano because carano is the most impulsive looking altcoin that i follow closely and karana already established its impulse wave and other cryptos are still struggling to establish theirs so i want to take a look at cardona with you today to give you some opium i will start with ichimoku and then the edit with count i'll just look at the last elite wave card if you are interested in its history you have to look at my last intervention on cardano because it hasn't changed so i'm only taking a look at the last impulsive move and before i do that i want to take a quick look at my it won't be that quick but i still want to do it i want to take a look at my telegram free group i invite you to become a member of it and i have post something that i want to read to you the growingly political protest in kazakhstan let me just see if i'm sharing i should be sharing right now the growingly political and political protest in kurdistan are gratering some forts adding to the fearful spirits with russia promising to send their armed forces into aid so i've heard some rumors on what happened but i cannot confirm it since i'm not there but i heard rumors of people needing help and needing passports in order to withdraw some money i cannot confirm that but that's the kind of stuff i've heard you know what kind of passports i'm talking about the esg insanity environmental social and governments teams the pursuit of profit for shareholders where the profit were the purset of profit for shareholders is no longer the essential goal could be seen to be indicative of a decade-long positive social feeling which have steered stock markets levels to the most fabulous heights in history according to many measures so when stuff get that high and when moods get that good that they stop thinking rationally and profits no longer matter it's an indication of an extremely bullish environment where where people think they can do whatever they want and money is no longer a primary goal you you can think about equality or or whatever you want or climate change whatever you want environment shows and governments whatever that is and they make it up every day according to the central partners liking so so when that happens it's a it's an extreme recording it shows that the data trend was so good that now they think they can do whatever they want and nobody and money for example does not matter anymore and this announced that the top in the stock market could be close and that jubilee is a festivity when unfair deaths are revoked the world jubilee comes from the old testament of the christian bible and refers to a sick little rejoicing rejoicing in nature time when liabilities were dominated slaves liberated lands restored to its initial owners and fields left unseeded the analytical fist of the dead demand from 30 years yield which compelled people into borrowing and enslavement so there were years where they didn't produce much to to sell and then they went into borrowing money and then they could not pay back and were enslaved that they were really were enslaved or you know some symbolic manner were enslaved because of the death but mostly they really became slaves because they were too poor and because of that became slaves the gigantic level of more worldwide debt exploded even further by the covet pandemic so that was out of control even before the covet pandemic but it reached new levels new informal levels in an extreme short time period i hope that i can say that without getting banned so that that is probably progressively being seen as a dilemma that can only be corrected in two ways either it is inflated out when and they make consumer price inflation diminish the actual amount of debt or it is merely abundant in an old established debt jubilee so nowadays we don't do that so um and that often anymore but in the past it was quite frequent by falsification of currency through the digital printing press center banks across the world are attempting their best to provoke flies price inflation so they want it because they have that much the governments have that much debt to pay back that they want huge price inflation they don't mind if you lose all your money and all your savings as long as they can play along a little longer additional additionally the helicopter money that is printing permits the stimuljacks directed to the os managers for illustration could be looked at as a kind of that jubilee the authorities give managers some recently stamped fat tokens which permits them to pay down their credit card debt for example so that's a kind of forgiveness they know that you cannot pay back but here we give you some freshly uh printed fat tokens and with that if you like to do so you will be able to pay back some of your debts and other jubilees will be presumably occurring and one example is the following in the usa naviant one of the largest student loan services will abandon 1.7 billion with the in private loans basically navient was incremented of lending to people who couldn't afford to pay off and instead of going through the cards the debt is simply abundant the stock price advance slightly on the day of the proclamation so to me this is a little funny and i'm not wanting to be cynical but i never trust that kind of thing it's not justice for me it's just something they make up whenever they want to make it up and they change the rules about it whenever it pleases them and for me that's a very unjust thing to do not because i i i don't want the people to pay to pay i want people to pay back their student loans that's not not the question it's just i don't like a system where you when you look at it you think it's a it's a huge scam so and what is funny that i don't think it's just because some had to pay back and others do not pay it back and also i don't think that all the people are concerned i think that they choose to pick and choose some people who don't have to pay back and others to have to pay back and what what what i find funny is if they cannot pay back why did they give them the loans in the first place so if they admit that they can't pay it back it's because whatever they started would never allow them to pay it back so in that case why did they study it so there are a lot of questions that that come up and uh and it's also funny that that the investor thinks uh think that and that is not too bad and the stock price keeps rising and it is good for people who don't have to pay back the debt but it's not so good for the for the guys who hold the debt and wanted it to be paid back so why the stock price market rises is unexplainable that's why you cannot trade news you have to do something else and for me it's elite wave or and ichimoku for use can be something else but you need something else in the news because the news won't work um no if you knew that in advance you would have bet that the stock goes down crashes really hard and he did not so you cannot trade the news maybe it did afterwards but i don't think so you can check it if you have time and if you're interested and also look into the details to see if it makes any sense it's a bit like the fatalistic old proverb all the bank a thousand quid and it's your problem all the bank a million quid and it's their problem so nowadays you should probably say a trillion because money is has and does not it's not any more the same as it is never in the ba as it was in the past they inflated it away that much that one million cannot be compared today with the 80s or even before that there comes a moment when the height of that gets so enormous that it virtually becomes in applicable impossible to recover then it should not exist anymore because people will start to ignore it they can't do anything about it and certainly not pay it off that's the case for states and also for people who are in enormous debt if it remains being served the debt economists cannot see interest rates climbing too far because it promptly emerged emerges as exorbitant to serve so even the states won't be able to pay back normally i mean the states of course if you have a central bank and and it can print the dollars it needs to pay back then okay but you need also to have the about reserve to do that but in unless unless you're in that situation you have to convert your freshly printed money into fat tokens and then you have to pay back the debt and most countries cannot do that and consequently the growing demands for that should be because economists think that so let me go back to the last thing because there's something i want to explain to you if it remains being served economists cannot see interest rates climbing too far because it promptly emerges as exorbitant to be served so if you think about inflation what they do normally is they rise the interest rates and that what i've just told you says that interest rates won't rise too far because if they do then you nobody can pay back instead and you we don't mind if developing countries can buy and pay back the debt but if countries like germany france spain and so on uh cannot pay back the debt then that's a huge problem we don't mind about um stuff we call pejoratively republics i i don't i don't have no idea if it's the case but um it's not to say but we don't care about some people but we do care about other people's if germany defaults on its stats it's a different uh topic than if quiz does and finally i have asked a question and i invite you to answer it if you find the subject interesting i do find it interesting will we get added to believe or will we get more austerity measures in the attempt to pay back a debt that can't be paid back or will we simply inflate hyperinflation it away so there are three things that could happen and that should be austerity measures or hyperinflation the question is not that good because it's probably a mix of them three they will do some debt jupiters like for example the students loan we don't have to pay back they will mortgage us who you don't have to pay back whatever whatever comes through the mind it's and i think it's a very unjust because if you don't have a that they don't give it to everybody they only give it to some people's um yeah and it's um elect elect or political um linked so they give it to some people's because they want their votes and that's why some people we get and other peoples who don't care about them because they don't represent a majority and with their voting power and they won't get anything so it's uh it's to me it's it's very unjust that some people get favors and others don't but that's what will happen i mean i'm i'm happy for the people who don't have to buy back the students it's it has come anyway so i'm happy for them but you you see if you keep on doing that it's very unjust because there's always some awareness and a lot of losers so in that jubilees is one example uh austerity measures like increase is another example or hyperinflation you just hyperinflate it away once the money is worth nothing anymore you you can start all over again so i think it it might be a mix of them where you are so so my question is what is the most imminent thing that will happen in your place do you think it's hyperinflation do you think in your place the most imminent thing is austerity measures or the most imminent thing is that jupiter's in my place actually i i don't want to tell you because if i tell you then you will just copy by my answer to your answers but in my place there's something they will start doing and and once that's done maybe you get a second thing uh and then the third thing but um there's one thing that that will happen before the rest where i am and where you are there's certainly one thing of them that should be uh austerity measures or hyper creation that will also happen before the rest so just answer that if you want to answer that question it would be interesting i don't know how long it is available until the results show up but take a look at it and answer and say it in accordance to what you think how the huge amount of debt will be paid back now that being said i've promised you to take a look at cardano so we'll do that now first as always i quickly want to remind you that trading that there are risk involved in creating and i'll show you my disclaimer as well as my risk warning the link is in the description and i go fast to my services which which are live elite wave updates on btc for 20 usd a month you will get one to three updates a day it might be more it depends on how much i can work how how much time i spend indoors in front of the computer and but it might be eight updates a day so it's a lot i really follow closely uh the wave development on btc and tell you what i think about it since bbc is the key to understanding the crypto market and if you are an investor or a trader you should be aware of it and also there's a nice help group and with time people learn better how to use it and i think it will get more interesting with time what other traders come up with and about what to talk so something you can use next to it if you're not interested in help that's you just can follow my calls on my adtf analysis on btc i also talked about ichimoku for entry price assist and exit price and stop loss from time to time but less because everybody can simply put it on the chart and look at it if they if they need so there's no need to look all the time at it eight wave you follow it more closely now that being said we take a look at cadano so let me open the right chart well just one more thing very fast please like and comment and the thing i want to talk about once again is sentiment sentiment was very low recently and once it's that glow normally huge price increase followed like 300 1460 and 134 percent so i just want to point that out again we are again at a moment where the sentiment is very bad and it's the same thing happened to me right now is happening to me right now as did happened to me when i took um look at btc at the top at the top i was criticized for being bearish and now i'm criticized for being bullish so it shows that people turned very bearish right now and they don't want to hear people talking about any bullish outlook on the market um google trends gives you the same kind of analysis since we dropped also and now we finally take a look at cadano so on calero we are the ichimoku chart tells us that we are bullish since we are above the cloud and the 10 consent is bigger than the kitchen which is bullish um the super trend is trendless right now because we are in between both of those lines but it still looks uh very bullish now the thing you might ask if i didn't go long when i should have gone long so your entry would have been here and your stop loss would have been below the chart eight points you see it in advance so you know that level and you should still be in that trade and you should move your stop loss up with every flat line on the bottom of the cloud you should move your stop up so you stop could now be here and then move will be moved up to here you can also use the if you want a more tight stop-loss you can use the kitchen that line and wait for it to wake and then execute position it would be probably quite close to or you could wait for the super trend but it's it's quite close and they're quite close together to turn bearish if a candle close when the sweat went is bearish right now it's trendless but when the country is burst you can also exit the position but let's say you want to go along and you can go enter here so the question is when can you enter there are two places where you normally enter the first one is when you retrace to the kitchen that line i have that just to make it look differently but it's the same thing when you return to the kitchen which is happening right now then you go long that's one way of going low and the other way is of waiting for price to touch the cloud line of the cloud the ssa and that is often referred as the ssb so you wait for it to touch that line and then go long you wait for a pullback and then go along here you have a bulldog so you could go along that's what you would do on ichimoku and as you can see the lagging span is free to move higher but we are right now having a correction and of course if resistance breaks and we go below the cloud then your outlook would be bash and you would be stopped out with now you should once we you break it below the cloud you should be stop off with big evening or profit on that trade i think it will be a perfect because i'm expecting it to go even higher but let's look let's take a look at the edit wave counts so the the 882 account that i wanted to show you is on the button here it was wave 2. let me do that again so from the button here it was f2 um we start an input i am with one two three four and five and right now our target would be where wave five equals wave 1 that would be atu at 1.719
so that would be our target right now it's when this wave 1 equals this weight five and the second thing to see is that i put a channel on it from wave two to wave four and i uh went through the top of f3 and that gives you a top here uh somewhere at on that line uh for price normally way five touches does and then we trace but it does not happen always it's just indicative right now as you can see the uh the line is providing support so either we already started a wave one and half here wave two and then we'll go higher three four five or we are still in the correction and that's only what a b and c would go lower i can say for sure right now i'm leading to the optimistic outlook by declaring this being on the bottom of waveform um what can i tell you more here the accented wave was wave three and here the accident wave was also a wave tree and the correction was quite simple being a double v x y okay that's all i wanted to tell you today i hope you did find it interesting i did and i see you maybe tomorrow for one more i've got intervention or the day afterwards whenever i find time and want to take a look on youtube at one more icon don't forget to join my free telegram group just to have a second way of communicating with me and if you find the subject of that jubilee interesting then let me know what you think enjoy your day bye bye see you soon
2022-01-25 04:28
