Before the TA, do you like Cardano? I know you talk about it sometimes on your channel. What
are your thoughts for our audience? Yeah so I like Cardano a lot and it could be um yeah a
huge concurrent for all other smart contract platforms out there especially for Ethereum.
Now Cardano.. in my opinion Cardano is heavily undervalued when you compare it to
Ethereum. So I think um three almost three dollars --- 2.86 where we are
right now -- it's nothing. I think Cardano can be worth thousands of dollars in the future.
welcome back everybody to altcoin daily my name is aaron with my brother austin today we
are joined by ta expert am crypto i know him as alex but he is a bitcoin hodler since 2015 he's
an angel investor and like i said ta expert we've referenced him on the channel before
today's going to talk to us about bitcoin short term long term outlooks cardano solana there's
another coin that you want him to cover in the future maybe we'll have them on again in the
future let us know in the comments but alex how are you doing today i'm doing amazing and you guys
doing yeah really good man really good um you know we've talked about you on
the channel a little bit before as people know you're you're a profitable trader um but for
those who don't really know a lot about you you know please introduce yourself to our audience
yeah sure so my name is alex i have my own youtube channel with now around 60 000 subscribers within
two months i'm originally from germany i'm trading uh professionally uh the last four years already
and um yeah i went from five thousand dollars that i had to my name to 2 million within 10
months from 2018 to 2019. and i just want to say like me personally i don't trade because i know
i would lose my money obviously i leave it to the experts for the folks at home you know you gotta
you know be knowledgeable and be studied on this stuff it's not it's not easy or else everybody
would do it but having said that alex i'd love for you to take us into some charts yeah yeah
sure sure yeah first of all i was not an expert when i started you know i became one along the way
so um yeah let's get here into some charts so we will start here quick with bitcoin on the
four hourly chart because there is something um that you don't see that well on the daily
chart so i will get into the daily chart later so here you can see on the four hourly chart
that we have over and over for in the last couple of weeks formed here these falling
broadening wedges and then we broke them always with a big move to the upside
so also here the most recent one this one here also at the same um characteristic
and now we are again in one and now we are finally breaking it to the upside so what i would like to
see here with that for hourly candle to actually close in one hour at the level where it is and
then go a little bit higher and actually claim here the 0.786 level on the fibonacci extensions
so and you can see here on the four hourly chart also when i go into the daily chart
that we got here three four five six seven eight nine ten times if we include today's
candle if we not get higher over this level then we got 11 times rejected from this price level
so and um there you can see that this is a crucial level for bitcoin to overtake here
in terms of to get into um yeah 50 000 and beyond and also in the new all-time high
but the minute we are closing a daily candle above this level we will see here another huge
move in bitcoin directly up to fifty one thousand dollars in my opinion so two thousand dollar move
that could be in one single hourly candle happen because between this green zone here which is now
support of former resistance and this red box now resistance there is a void on the visible range
on the volume profile so that means historically there's not a lot of um trading history and price
action and um based on that the bitcoin price could just rip through that level all the way
up to the next resistance and yeah so would you say that just generally speaking for bitcoin in
the crypto market in the short term are you are you bullish are you bearish what's your take on
the current state of the market so i actually would like to see how this weekly candle closes
to um to pick um a preferred direction because right now it's kind of no man's land nobody
knows exactly where we are going and the weekly kind of looked um really bearish until yesterday
so or let's say under this recent pump now i have actually to go and look again how it's looking i
had to today no time to look at it but it could be that the candle is now green or close to get green
um and well this is the daily this is the daily do you said anything
yeah so now when we go into the weekly on the weekly you see the candle is still red so
if this weekly candle would stay like this then um i would definitely flip more bearish
so and because then this looks like when i take all the fibonacci extensions here away one second
here so down so then this looks like a topping formation so and that would be heavily bearish and
then i would also and i said it also on my channel i would close that my positions that i have
based on uh this kind of when we close like this because um yeah it is super bearish if
this candle stays red for this week if it's green then then i will obviously keep my
positions because then we will definitely go higher and break all these resistance levels
and we will see really really soon a new all-time high what what is your um degree of confidence in
terms of the breakout or the breakdown as of now so when we go now back to the daily chart
my confidence increased heavily more to the bullish side with this candle formation here that
we are seeing right now because this is called a morning star and it is a reversal pattern it is
a bottom or reversal pattern so and yeah because it is a reversal pattern means we change the trend
so and in this case it would mean we change the trend from a downtrend back to an uptrend
so and then the only question is um how far will that last you know so but in my opinion if this
daily kind of closes as it is and preferably over 49 1550 then um then i will be become a super bowl
i appreciate you keeping it real and you know for the folks at home uh link to alex's channel
is in the description below because obviously you know his opinions and outlook is going to
change as you know new information comes up um you know i know like we're saving you know the
big bitcoin price prediction to the end curious know what you think about that did you want to
switch into uh cardano or solano or anything else to say about bitcoin in the short term
um yeah so in in the short term i'm also watching the bill x chart so it's obviously also on on the
weekly scale so and um in my opinion we will stay here in a bull trend as long as we stay here on
that parabolic curve that we have here and we have seen over and over again that when we came
down to the curve that we just touched the curve and bounced off it back to the upside so we could
here technically see in the next two three weeks another touch but it would be still a lower high
and the structure would be still intact to keep this board run and we will then most likely see
another bounce to the upside a higher low yeah yes i like it all right interesting yeah so
now i can go into cardano so here in cardano is also something really interesting unfolding right
now and i was talking and in real quick just uh just before the ta do you like cardano um i know
you talk about it sometimes in your channel what are your thoughts for our audience yeah
so i like cardano a lot and it could be um yeah a huge concurrent for all other smart contract
platforms out there especially for ethereum now cardano in my opinion cardano is heavily
undervalued when you compare it to ethereum so i think um free uh almost three dollars 2.86 where
we are right now it's nothing i think cardano can be worth thousands of dollars in the future
that's dude that's saying a lot man thousands of dollars in the future i mean that would be that
would be mass adoption like that is if the cardano holders are right you know that's yeah yeah
exactly so if cardano would get to the market cap of ethereum then yes we could see here a couple
hundred or even a thousand dollar for cardano in the comments let us know what you think on that
statement and please am crypto take us through what you're looking at in the cardano price chart
yeah sure so here on the shorter time frame on the four hourly time frame we see that cardano
was forming here this symmetrical triangle and we were bouncing between support and resistance
and now we are breaking out of it so it depends obviously how you look at it you could also say
it's a it's a bull pennant so but with the symmetrical triangle you have a more conservative
target so in here with the breakout now it would bring us to 3.11. and when we treat this as
a bull pennant then it would be around three dollar and thirty so and in my opinion a bull flag
um or bull pennant makes here more sense because we get more confluence then with the next logical
target and that is the golden ratio here the 1.618 and the 1.65 at 3.43.44 and i believe we can reach
that target um before the 12th of september when the main net actually goes online and live
so i i believe we could even see six dollars um at the 12th of september uh well it's way above
the golden ratio sorry that's way above that golden ratio right yes yes it is uh basically
almost double the golden ratio but here comes now the reason why i believe that could happen
it will only happen if we get the next couple of days over three dollars because um three dollars
is a heavy resistance zone and we can see that if i draw here a line like this so every
time when we come up here to like 2.91 cardano gets stopped and smashed down from this level
so and that is because we get so close to three dollars which is a psychological barrier right
now so but once we clear this i think we'll see a really quick move to the golden ratio so if that
happens in the next couple of days let's say the next four days then we can also get to six dollars
um until the mainland goes live but i think then we will also see a severe correction afterwards
interesting interesting i like it so you'd say bullish on cardano in the short term but you
know waiting and watching and bullish on cardano in longer term yeah yeah absolutely bullish cool
uh anything else on cardano before i move to solana um yeah so there is also a bearish case
here so and that would be if this would be just now a fake out you know so they will just go a
little bit higher and then roll over and then go down so then we could technically come back here
to the one of the fibonacci extension but this is giving us a massive support for quite a while
already from here this zone and now also here when we came down um four days ago so that would be
the the level of support that i would look for if i would not have had already entered cardano
that would be actually a nice entry for all the viewers that are looking for an entry if
we turn here bearish and we fake out here and come under this um symmetrical triangle or bull pennant
then there would be actually a really nice entry to then take advantage of the bounce something i
love about your analysis is you go over both the bull and the bear case so many ta people
will just talk about the bull case but i love how you just give different probabilities or different
options because ultimately nobody knows the future but based on the ta this is what you're seeing
yeah thank you thank you very much for that yeah i try to to keep it as objective as possible but
obviously the bull in in me sometimes uh yeah is overtaking the bear you know so that that happens
quite a lot but yeah i try to stay objective as much as i can totally totally relatable yeah
so should we then get into some solana yeah i'm sure a lot of your viewers would love to get
you into solana right now hell yeah if you like solano let us know in the comments let's do it
yeah so here on solana we have seen today actually that we created here a new high at 130
so when we take the fibonacci extension level
then the next logical target would be again the golden ratio up here so and that would be almost
at yeah it is technically at 200 dollars so and i believe solana can come here in the short term up
to 200 but again it is a psychological level at 200 and i think here we could also see at least
the correction to the next fibonacci retracement extension level here to the 1.236 to 150
in my opinion that would make a lot of sense to come back to this level uh but then um yeah if
we are not starting to go sideways and we go straight back up then i think us 200 will be
smashed through and we get higher so but i would also again to cover the bare case and for that i
have to use the retracement levels and there we see if we are not getting higher from here then
we could see a 50 drop to the golden ratio because we would go back to like 58.6
dollars which is more or less from the high 50 percent so that is something that we should be
aware of so we have to see here quite quickly some follow through i will have you look at
the volume um how the volume is looking how can i get some volume here okay that's strange so
the volume is broken for solana that maybe means there is too much volume it's good for the bulls
um yeah so but yeah we need to see a follow through that they uh that the solana would keep
pushing here otherwise we could see that um yeah that we lose his steam on this upwards trajectory
and then roll over and and see this major correction because we are here on a massive run
with no real correction yet so there there will be definitely a heavy correction at some point
and really it might depend on what ethereum does too or even like bitcoin if bitcoin has
a massive move yeah yeah so i think the solana run got definitely fueled partially by ethereum
by ethereum's run and then obviously um then later on also by bitcoin when bitcoin also
pushed higher we could also see in major coins that they were also then pushing higher
but it seems that ethereum is leading the pack right now
definitely i say let's let's flip the camera around and then let's finish off
and talk big picture end of the year yeah okay perfect all right so you know i want
to remind everybody from our audience links to alex's youtube channel is in the description
if you want to give him a follow he does pretty much daily uh videos uh you know just keeping
you in tune with what he's doing in the market and the trades he's making alex let's get right
down to it what are your current thoughts on i guess the long-term your long-term thoughts on
bitcoin and cryptocurrency and either end of cycle or end-of-year predictions for bitcoin
so for bitcoin my end of cycle prediction would be between 160 thousand one
more hundred yeah 180 to 350 000 in that kind of range is i think the end of cycle top for bitcoin
um i know there are a lot of analysts out there they are calling for 250 280 380 360 000
and i think if you have like a conservative target that's at the lower end and one that is actually
then more the optimistic one um i think we will uh kind of find the middle in between um with
the sweet spot for uh for for bitcoin so it could be that we top out um somewhere in between so but
that's like um the range that i think that we're gonna hit 180 to 350 k of end-of-cycle and when
you say end of cycle what range of time are you thinking so i believe that this could be next year
that we that we have the end of cycle next year i can not tell at what point exactly because
normally when we compare this cycle to other cycles the the top should be in um early next year
but because we are now in an absolutely totally different markets than we were all the years
before this could just go on until next year autumn or even winter so with all the money
printing all the inflation all around the world so it it it could be just extended just like the
stock market in the us yeah just keep going up and from your opinion do you the people that say we're
going back and we're re-testing 20k do you buy into that or no so i say there is a probability
that we could go back to 20k but in my opinion we will not hit the 20k before we have hit 100.
interesting excellent let me know what you think about this in the comments below probably have
alex on again in the future so we'll probably just cover some other coins or you know maybe a
few months from now bitcoin changes or ethereum um alex final thoughts for the altcoin daily audience
yeah i hope uh you enjoyed the content that uh obviously from from you guys and yeah thanks
thank you for having me here again so i appreciate every time uh that i'm on your channel and also
everybody that is follow following me from your channel i got so many comments that were they were
saying yeah i'm coming from altcoin daily you know so i i i think in the first two three videos it
was like 90 were coming from you guys so you have a strong community i really love the people that
came over to me and also showing me some love and yeah keep definitely doing what you're doing guys
that's really good to hear man that's awesome um thank you very much man yeah thank you guys