TENSE Moment for BITCOIN. All Eyes on Cardano FAIL SAFE!

In this video, I analyze the current price movements and consolidation patterns of Bitcoin and Cardano. For Bitcoin, I discuss the potential for a breakout from the consolidation phase and highlight the resistance and support levels to watch for. I also mention the significance of Bitcoin's consolidation around the 20-day moving average and the possibility of a higher high if it breaks above the upper trendline. Moving on to Cardano, I point out its ability to hold up despite recent SEC actions and its potential for a higher low on the macro scale. I delve into the consolidation pattern of Cardano, which resembles an ascending triangle, and highlight the targets to the upside and downside. I emphasize the importance of monitoring both the price and RSI levels for confirmation of a continuation or reversal. Ultimately, I discuss the scenarios to watch for and the potential support levels if Cardano experiences a break to the downside.

Intro 00:00
Bitcoin 1:00
Cardano 5:10

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*The above video references an opinion and is for news/information and entertainment purposes only. It is not intended to be investment advice, financial advice, or any solicitation, recommendation, endorsement, or offer that you buy or sell any cryptocurrency or securities. Trading in cryptocurrencies and securities is a high risk activity involving risk of loss so please seek a duly licensed professional for investment or financial advice. The information provided on this video should not be used to make any investment or financial decisions without consulting your financial or investment advisor. This video contains my opinion only and is not intended to cause harm or defame anyone or any entity.

Crypto Capital Venture is big on tracking bitcoin market in particular. The general premise of technical analysis videos on Crypto Capital Venture is that although Bitcoin price price moves very in a very volatile way, there is much opportunity in being prepared for upside and downside. We also cover Bitcoin news on this channel as it comes out.

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