Cardano Dan's Newsletter - Issue #105
Time
Quote of the Day
“Time is what we want most, but what we use worst.”
— William Penn
We all need money to provide for the basic necessities of life. After we’ve got those covered, there start to be really interesting trade-offs between time and money.
Is it important to pay for your kid’s college education, their weddings, to go on a big vacation every year, live in a big house, etc? Or is it more important to have time to do the things you love, be with the people you love, and leave a legacy that reflects who you wanted to be in life?
I don’t want to spend the time that I have using it in ways I regret. This is something I’ve been thinking about more and more lately. Is this something you should be thinking about, too?
Key Takeaways from the Past Week
Monday - Take Rest
Monday we talked about the importance of rest in being productive and also touched base on the importance of the Federal Reserve’s meeting this week.
Wednesday - Step Back
Mid-week I shared my thoughts on why you don’t want to get stuck in the weeds when it comes to cryptocurrencies and took note of ADA listing on a cryptocurrency exchange in Japan.
Friday - Something Good
Friday’s newsletter encourage the habit of finding something good in every day. It’s there; you just need to find it! We also covered updates from the monthly Cardano 360 and touched base on the burning hot NFT market! Don’t forget Trybbles Drop 4 happening tomorrow (Sunday) at 1600 UTC!
Technical Analysis
Cardano ADA is enjoying what it means to be in price discovery! Blue skies ahead. Over the coming days and weeks I expect the daily and 4 hr RSI charts to surge to overbought territory and then pull back as Cardano ADA continues its 5th wave of the bull run.
You’ll notice that the weekly RSI below is nowhere near the peak it saw at the end of the third wave. That’s indicative to me that there is quite a bit of room remaining before this bull run ends.
No new specific numbers this week, just the overall comment that I think we’re in the thick of the 5th wave of the bull run of a lifetime. That perspective is what causes me to share tweets like this:
Looking at the crypto majors performance since March 2020 lows. Cardano ADA continues to make Bitcoin and Ethereum maximalists shake their heads in disbelief and question their sanity.
Looking at our Bitcoin and Ethereum comparisons using market cap ratios drives home this point.
I said last week:
I wouldn’t be surprised if it breaks into new territory on the BTC pair this week.
We are practically there as the ADA / BTC market cap pair looks for the highest weekly close ever tomorrow.
Add into the mix news that Ethereum is experiencing a chain split at the moment and I believe we could see new territory on the ADA / ETH market cap ratio in the next couple of weeks too.
That’s it for the weekly recap. Hope you all have a great rest of your weekend!
Before You Go
Comments are turned on for this post. I’d love to hear your thoughts, questions, feedback, and reflections below!
This newsletter is for entertainment and educational purposes. I’m not a financial advisor and you should do your own research and consult a financial advisor before investing in cryptocurrencies
Just wanted to say again I appreciate all the work you do to provide the content to all of us! The newsletters are great and please keep them rolling !! I’m still new to crypto & nfts in general but your info has been very helpful even for newbies like myself !
Good stuff, been a great source of info in my introduction to crypto