Cardano Dan's Newsletter - Issue #6

March 6th, 2021 - Weekly recap and look ahead.

Welcome to the quick-hitting newsletter about Cardano, Crypto Trading, Blockchain, Monetary Policy, & Data Privacy.

This is the first edition of the weekly recap and look ahead. If you enjoy it, please share it with others when you get to the end!

Weekly Recap

The weekly recap version of the newsletter is going to cover where we’ve been each week and where we’re headed the following week because…

Quote of the Day

“The real man smiles in trouble, gathers strength from distress, and grows brave by reflection.”

— Thomas Paine

Reflection is important. It helps solidify information gained, lessons learned, “gather strength” and “grow brave.” I highly recommend taking time to reflect daily, weekly, and more. The weekly recap version of my newsletter will be a weekly opportunity to practice this discipline.

Key Takeaways from the Past Week

Monday - Don't invest in cryptocurrencies until you have a plan.

You really need to decide what kind of cryptocurrency investor you’re going to be before you start investing in, or trading, cryptocurrencies. Read more here.

If you’re someone who does primary (longer-term) trend trading, you’ll want to stay tuned next week! Keep reading for a look ahead.

Wednesday - There’s something about Mary

Cardano is going to change the world. But it is still in the “gradual” phase of doing that. The release of Native Tokens on Mainnet is one of the gradual steps.

Friday (early release) - Fear or Greed

The Cardano Mainnet is going to be fully decentralized on March 31st, 2021. This will be “D=0 Day”. Another step in the gradual process. But a very significant one because it marks when 1800+ community pools will be solely responsible for producing blocks.

Look Ahead

I’m hoping you’ve taken some time to reflect and now know what kind of cryptocurrency investor you are. (if you didn’t already)

Many people will find themselves trading the primary trend (or cycle) with at least a portion of their portfolio. People in this category often ask the question, “How high is Cardano going to go in 2021?”

There’s lots of people out there ready to answer this question. Some are worth listening to more than others.

Next week, we’re going to touch on why it’s not quite the right question, and why you should consider the concept of targets instead.

I’ll even give you my FIRST target for taking profits in the current bull cycle (or primary trend).

Analysis

Newsletters without charts aren’t allowed. So the weekly newsletter will have charts too.

We had a nice rally from Thursday night and into Friday. But it’s looking like it was a relief rally more than the beginning of the next run.

It’s looking like folks buying the dip are likely to get another bite of the apple. I expect strong buy pressure and support in the light green box that marks a confluence of key support areas.

Tell Me What You Think

Comments have been 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