Drini
@drini_kasmot
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I analyze Bitcoin and the Cardano ecosystem price action and trends. All thoughts here are for education purposes only. NFA. Will NEVER DM
Joined February 2010
Commentary: The CNT Narratives This Bull Year The Cardano native token ecosystem has blossomed to a point where there's so many projects to talk about. To avoid stretching ourselves too thin, I've come up with a list of list of core narratives that will fuel this bullish year.
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Lot of people are getting emotional or downtrodden waiting for the market to finally pick up. Here's a tip: if you don't actually wait, you won't stress yourself out. For example, say you're meeting a friend and he/she's running late. If you're actively waiting for them to
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Market's so boring I'm basically posting analysis at the beginning of the weekly candle, then be a reply guy the rest of the week.
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One good thing about CNTs being bullish again is a lot more degens are going to start borrowing to go long. That means more payouts for my $ADA I lent in @surfcardano . Let's go degens! Give me more of that sweet sweet APY.
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Always nice to see green. More importantly, CNTs outpacing $ADA is what we need more than ever. Lessgooooooo
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$IAG / USD update: This chart looks so stupid with all these wild wicks. Anywho, $IAG still following fib structures. Price is currently resting on the 0.5 fib. This is a support level, if you need to stack more, always buy support.
$IAG / USD update: If you're wondering why I'm such a big fan of fib structures, look no further than where $IAG bounced off from after this stupid market dump. 0.236 fib right on the money. Anyway, we keep stacking.
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$SNEK / USD update: How's that bounce coming along? If you trusted the price structure and bought during the last update, you would be 30% up by now. Trusssst the Ssssssnek. Until $SNEK goes back up the moving averages, we keep stacking from here.
$SNEK / USD update: $SNEK's about to hit the fib floor here, a very nice buying opportunity if you want to buy and forget. $SNEK's leveraged $ADA, so it goes hard both ways. That's the risk we take. But if you were to bet on which memecoin to go for that'll stand the test of
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$ADA update: Currently in the middle of nowhere. But we are proving once again this support structure is a natural bounce off point. Death cross is about to happen, but they usually mean a rally back to the moving averages. Historically though, we get rejected from them. What
$ADA update: Broke through the fib structure, so the next level is the 0.236 fib of 43.5c. For those wondering if it's all over, realistically, for some of the smaller CNT projects yes, because you'll probably see a wave of shutdowns as they can't afford their operations. For
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$BTC update: After all the stupid emotional doom posting last week, Bitcoin has... ...bounced on the weekly 55EMA, just like it did on the previous structures during its rally. We'll be here a while longer, the previous ones ranged from 7-12 weeks. A lot of the analysts in
$BTC update: Bitcoin price action has now hit the critical weekly 55EMA level. If the market finds support here, good. If we close below and get rejected, then we go bear. But until we do that, we keep buying this support.
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Spent this entire weekend clearing away unneeded and dead things around my home. Friend told me removing these can improve the feng shui in my home and my life. Let's see. If the markets react bullish from here on, then you know what the catalyst is: clearing trash lol
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If we’re funding a creator fund or whatever, hope we’re smart enough to not bias the money to only those who focus on video creation. Lots of accounts who focus on video don’t actually do well compared to X accounts who engage in written analysis and discussion. Throughout my
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This is the perfect example of how liquid governance like how we see it in Cardano can work. Want to pass a specific bill but your state representative is a paid moron? Cool, move your vote in real time to another member of congress or Senate who agrees with your stance at
Air traffic controllers aren’t getting paid. Federal employees aren’t getting paid. Practically the only people in our government who ARE getting paid are members of Congress. That's why I brought two bills to the Senate floor to stop paying Congress during shutdowns.
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That’s why we continue to stack brothers and sisters. Cycle extends this time around.
I've brought up the business cycle a few times this year but it always falls on deaf ears. People simply want to believe and debate misinformation and fud rather than spend time learning what's really going on. Everybody on CT is talking about the 4 year cycle right now but very
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Cardano community, if you were looking for a reason to keep building, this is it. Balancer was audited TEN TIMES. Yet hackers can still come along and steal $120M while you're sleeping. This is the reality of EVM. Account-based systems invite the same failures: shared state,
balancer went through 10+ audits. the vault was audited 3 separate times by different firms still got hacked for $110M this space needs to accept that 'audited by X' means almost nothing. code is hard, defi is harder it is unfortunate but hope the team recovers
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$IAG / USD update: If you're wondering why I'm such a big fan of fib structures, look no further than where $IAG bounced off from after this stupid market dump. 0.236 fib right on the money. Anyway, we keep stacking.
$IAG / USD update: Following fib structures pays off. In the last update, we were holding support, but it broke down, so the next level lower was hit (0.382 fib) before it bounced off. For all the DReps who were chiming that helping CNTs get listed is a bad thing for the chain
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$ADA update: Broke through the fib structure, so the next level is the 0.236 fib of 43.5c. For those wondering if it's all over, realistically, for some of the smaller CNT projects yes, because you'll probably see a wave of shutdowns as they can't afford their operations. For
$ADA update: Break the fib levels and the lower level is on the table. I'm now prepping my dry powder for a revisit to 54c for the 4th time this year. This market's so boring. So we keep stacking, especially since everyone else is already calling for a bear.
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$BTC update: Bitcoin price action has now hit the critical weekly 55EMA level. If the market finds support here, good. If we close below and get rejected, then we go bear. But until we do that, we keep buying this support.
$BTC update: Not much to talk about. Bitcoin charts have been copy pasta so far, so we expect the same until we're proven wrong. That means hanging out between the weekly 21 and 55 EMA before bouncing off. No bear market here, because the price structures have been well
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OMFG thaaaannkk yooouuu Jiiiiim!!!
JUST IN: Jim Cramer says we're officially in a bear market.
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$SNEK / USD update: $SNEK's about to hit the fib floor here, a very nice buying opportunity if you want to buy and forget. $SNEK's leveraged $ADA, so it goes hard both ways. That's the risk we take. But if you were to bet on which memecoin to go for that'll stand the test of
$SNEK / USD update: Believe it or not, still VERY BULLISH. That entire liquidation hoo-haa from last week didn't affect $SNEK too badly. In fact, it's still sitting on the weekly 55EMA. Party's still on. Stack accordingly.
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My take on this whole defi thing: The current state of defi is very limited. You can borrow or lend but can only spend it within the same ecosystem, so the only recourse is leverage trading. Maybe you buy some NFTs but that's it. Most people are not trench warriors. You solve
Cardano Founder @IOHK_Charles says there's a mismatch between Cardano users staking $ADA and participating in DeFi 🤔 "If we resolve this problem, that alone will put us in the top ranks of TVL, top 5 to top 10." What do you think Cardano DeFi is missing that could boost
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Huh. Didn’t realize we’d be here in like a day. Cool. Just bought my bags of $ADA to buy this dip.
$ADA update: Break the fib levels and the lower level is on the table. I'm now prepping my dry powder for a revisit to 54c for the 4th time this year. This market's so boring. So we keep stacking, especially since everyone else is already calling for a bear.
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