AADA/BTC is clearly highly correlated with the bitcoin bull run
When you look at a chart of the yearly increase in bitcoin so far in 2021 and the chart for ada the two are starkly similar. The periods of extreme growth in Feb, March and April and the periods of pull back are very similar.
ADA in addition however is increasing in value related to bitcoin. My trading idea here is that an investment in the alt coin ada all expose you to 1) the increase in price in bitcoin and 2) increase in the amount of bitcoin you own. Potentially I can see another 10X in this market to market top. This would mean and investment here would compound to a 100X return. Who can say no to that?
The set of this is if we see this ticker increase significantly in the next bitcoin explosive move upwards which should be due in April / May 2021.
ADA in addition however is increasing in value related to bitcoin. My trading idea here is that an investment in the alt coin ada all expose you to 1) the increase in price in bitcoin and 2) increase in the amount of bitcoin you own. Potentially I can see another 10X in this market to market top. This would mean and investment here would compound to a 100X return. Who can say no to that?
The set of this is if we see this ticker increase significantly in the next bitcoin explosive move upwards which should be due in April / May 2021.