Cardano Dan's Newsletter - Issue #57
Life in Your Years
Quote of the Day
"In the end, it's not the years in your life that count. It's the life in your years."
— Abraham Lincoln
As I get older, and hopefully wiser, I’m paying more attention to how I’m using my time.
Time is the most precious commodity that we have in our lives. However, having a lot of a commodity isn’t the only thing that matters. How we use our resources counts even more.
Abraham Lincoln was a wise man. Perhaps one of the most pivotal figures in the history of the world. He understood this distinction.
So I pose this question to you today - how are you using the time that you have? Are you generating as much life as possible in each of your years?
In The News
The Senate Parliamentarian ruled that the majority party cannot use reconciliation twice just for the sake of political expediency.
G’morning — in @PunchbowlNews this AM — lots of great news and reported analysis NEWS on a new Senate Parliamentarian ruling. When Senate left town Fri, the parl quietly issued a new ruling It said majority CAN use reconciliation twice — but cant do it just to avoid filibusterThis has significant ramifications for Biden’s current budget proposal. Here’s some further analysis on the story.
As if on cue, indicating an awareness that Democrats can’t go it alone, the Biden administration has signaled a willingness to reduce the corporate tax increase in their plan.
This is a good sign that there will be negotiations that will take place before the budget is finalized and approved. Let’s hope that sanity prevails and the reduced tax increases extend to income, capital gains, and death taxes.
If those tax increases pass as proposed, the economic damage will be far-reaching.
Cardano Updates
I’ve absolutely loved seeing pictures of the Cardano Meetup that took place in Miami yesterday. One example below. Cardano has the absolute best community in all of crypto and it was on full display on Twitter yesterday.
Today sees the launch of another great Cardano NFT project! I love the artwork in this NFT series which is why I’m partnering with the NFTY team to do a giveaway sometime after the sale launches.
The giveaway will be for an individual NFT and there will only be one winner. BUT, if you buy a full set of these NFTs you also get a series poster NFT that’s only available with a purchase of the full set.
Technical Analysis
Elon Musk triggered a drop in markets last night with this tweet.
It’s unfortunate, but the reality still remains, when Bitcoin moves big, it influences everything else in crypto.
Musk was the trigger, but the reality is that the area we’re testing makes a lot of sense to test. It’s a confluence of support.
I like it as a buying opportunity as we are testing a pretty clear trendline in the midst of clear higher highs and higher lows.
I expect the market to move back up and retest the red resistance area.
If we were to lose the green area on the chart here, we could go down to test $1.50 as support. Even if that happens, if that area holds, we’re still forming higher lows and the picture remains bullish.
If we were to drop below $1.30, that may opens the door to more bearish scenarios in my opinion.
It should be an interesting weekend!
What do you think? Are you bearish or bullish over the next few months?
Do you know anyone that would benefit from my newsletter? Please share it with them today!
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.