Get started

NEAR

The Pump is NEAR NEAR looks very promising in the latest moves. -It's back in the range. -BTC looking pretty bullish. A risk worth taking. We are in the most volatile times in the crypto market right now. Quick stops should be expected, as should big gains. Those who cannot manage their risks well will be out of the game. Make sure you don't spend too many bullets for one trade and keep your capital for the next trades. Crypto is one of the riskiest markets in the world and requires you to manage your risk well.
Long
by XU99
Starting point for jumping to around 11.336 Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (NEARUSDT 1W chart) It is showing an upward trend by breaking through the M-Signal indicator on the 1W and 1M charts. Accordingly, it is highly likely that an upward trend will begin. However, since the BW(100) or HA-High indicator is formed around 7.001-7.246, it is expected that a full-scale upward trend will begin only when it rises above this range. The target range is around 11.336. I think that the range below 3.868 is a mid- to long-term investment area, and it is a price that may rise at any time. - (1D chart) To maintain an upward trend, 1st: 5.397 2nd: 4.639 It must be supported and rise near the 1st and 2nd above. If not, it must fall, so be careful as it may fall to around 3.868. Since it has risen above a significant section, unless there are special issues (e.g., BTC does not show a sharp decline), it is expected to continue the upward trend after confirming support. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire section of BTC. (BTCUSD 12M chart) Looking at the big picture, it seems to have been rising along a pattern since 2015. That is, it is a pattern that maintains a 3-year uptrend and faces a 1-year downtrend. Accordingly, the uptrend is expected to continue until 2025. - (LOG chart) As you can see from the LOG chart, the uptrend is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, we expect that we will not see prices below 44K-48K in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. In other words, it is the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, this Fibonacci ratio is expected to be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. How to view and respond to this is up to you. When the ATH is updated, there are no support and resistance points, so the Fibonacci ratio can be used appropriately. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous when used as support and resistance. This is because the user must directly select the important selection points required to create Fibonacci. Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous when used for trading strategies. 1st : 44234.54 2nd : 61383.23 3rd : 89126.41 101875.70-106275.10 (Overshooting) 4th : 134018.28 151166.97-157451.83 (Overshooting) 5th : 178910.15 -----------------
by readCrypto
1
$NEAR Ready to Breakout: $10 and Beyond in Sight!CRYPTOCAP:NEAR looks primed for a breakout—monthly and weekly trends are firmly in place. It just needs one more push, and we could see it surge towards $10 and beyond. I’m slowly adding to this position now and plan to accumulate more as it approaches $5. My initial entries were around $3.80, but after patiently waiting, it seems like the breakout I’ve been anticipating is finally on the horizon. Let’s see if it holds the momentum and delivers the move we've been expecting!
Long
by ZelfTrade
Alikze »» ETC | Completing the corrective leg C🔍 Technical analysis: Completing the corrective leg C - In the analysis presented in the previous post, after reaching the supply limit, you were faced with selling pressure. After that, it has entered a correction cycle. - Currently, it is channelized, moving in the downward channel in the daily time frame. - According to the current correction structure, this correction is a three-wave correction that can enter an upward cycle within the specified range after confirming the reversal of the trend. - Therefore, I expect that it will encounter demand in the buying range and then leave the downward channel and grow up to the first supply area or Fibo 0.618. - In addition, the most important area for an upward trend is the $25 range, whose high stabilization will have the ability to reach the supply range of the previous ceiling. 💎 Note: Note that if the bottom of the buy zone is stabilized, the bullish scenario is invalid and should be updated again. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:ETCUSDT
Long
by alikze
Near Protocol NEAR price - maybe it's time?)For 1.5 months, the CRYPTOCAP:NEAR price hasn't done anything spectacular, it has been in red consolidation, as we have shown schematically. However, now, the trading volume of OKX:NEARUSDT has increased (17th place among all cryptocurrencies), which may be the final stage of consolidation before a breakout. 1️⃣ Of course, first, the #NEARUSD price needs to firmly establish itself above $6-6.50 2️⃣ And only then, it will be possible to aim for the $13 area _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
4
NEAR Around Key Levels—Is a Major Bullish Move on the Horizon?Yello, Paradisers! Could #NEAR regain its slowed momentum? Currently trading within a moderate range, #NEARUSDT may soon retest lower supports for a bounce or break past resistance to regain momentum. 💎The primary hurdle for NEAR lies between $4.30 and $4.40—a previously strong support level that bulls must reclaim. A successful push above this zone could signal a deviation, potentially setting NEAR up for an upward move. 💎If this level is reclaimed, price targets shift towards the descending resistance at $4.90-$5.00, a range crucial for initiating a broader bullish trend. Breaking through this descending resistance would open up further upside toward $5.20, followed by major resistance between $5.70 and $5.90. 💎On the downside, NEAR has solid base support in the $3.75 to $3.85 range, with additional support between $3.35 and $3.45. These levels have shown resilience, and strong bullish reactions are expected should prices retest them. Keep a close eye, Paradisers. Watching these key levels will be essential to navigating NEAR’s next move. Remember, a disciplined approach is your best asset for long-term success! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Jack
NEAR Long Spot Trade (Double Bottom & 200 EMA Retest)Market Context: NEAR is showing a bullish double bottom pattern at a key support level. With the Stochastic RSI indicating a peak, a slight retracement is expected before testing the 200 EMA, setting up a potential move to the upside. Trade Setup: Entry: Enter a trade between $4.50 and $5.00 Take Profit Targets: First target: $6.23 Second target: $7.35 Third target: $8.20 Stop Loss: Daily close below $4.00 This setup leverages the double bottom formation and tests of the 200 EMA as confirmation for a continuation of the upward trend. #NEAR
Long
by Richtv_official
Momentum Rating Update - NEAR/USDTOur Bullfinder AI Tech has identified a potential opportunity within NEAR/USDT BINANCE:NEARUSDT over the coming weeks and months, rating NEAR as 'bullish' above $5.218... Upon reviewing latest developments, our founding Team have identified $4.505 as an important price point to monitor. If price moves below this price point, bearish continuation risk may increase substantially. We look forward to bringing you more great content within our publications, and thank you for being here with us! Love & Wisdom, Team at Bullfinder AI
Long
by Bullfinder-official
NEAR/USDT Has Built Cup & Handle Pattern...To The Moon?I spotted irregular, weird but still visible Cup & Handle pattern (yellow) on NEAR/USDt chart. The timing is beautiful as all elements have already been shaped as the price is breaking out of the Handle. The target is measured by adding the depth of the Cup to the breakout of Handle. It is located around $19, however the price action usually aims at retesting nearest extreme points and the all-time high of $20.6 perfectly matches that principle. Bitcoin hit the all-time high already, Solana (rival platform) is close to all-time high. This could support this idea.
by aibek
2
Alikze »» Rose | Ascending corner pattern🔍 Technical analysis: Ascending corner pattern - In the daily time frame, in an ascending channel, according to the predicted path, it has grown up to 1.618 fibo of the previous wave, a range of 0.17. - In the last analysis presented in the 4H time frame in an ascending channel, after breaking the channel and exiting it and breaking the zone, it experienced a correction. - In the daily time frame, it has had a complete upward cycle, and wave 3 has grown as much as 1.618 of the previous wave. - At the moment, correction is done as much as 0.23 fibo of the whole structure. - A corner pattern has been formed which can grow up to the supply area by breaking the 0.072 area. 🛑 The most important resistance: ~ 0.072 💎 NOTE: In addition, if the 0.23 area breaks and stabilizes below it, the bullish scenario will be invalidated. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:ROSEUSDT
Long
by alikze
EURUSD Testing Strong Support ZONE Near 1.0700EURUSD Testing Strong support zone near 1.0700 EURUSD is currently testing strong support zone near 1.0680:1.0700. This area seems poised to push the price up again in the coming days making it a potential shortterm trade opportunity. The US will release the consumer price index CPI data on wednesday so the market is likely to speculate again . The US consumer price index YOY For October is expectedto be 2.6 percentage vs 2.4 percentage the previous month. Energy YOY for October is expected to remain 3.3 percentage. You mayfind more details in the chart thankyou and Good luck
Long
by GoldMarketKiller
1
NEAR SWING LONG OPPORTUNITY - NEAR ProtocolNEAR is one of the strongest blockchains in crypto. The network has proven itself by being around for over four years and is currently among the top 20 coins by market cap. It’s also a project I follow closely and look for trading opportunities with. Technical Analysis: Price recently hit the monthly demand zone, sweeping daily equal lows without closing below. This indicates a liquidity grab through a wick and a subsequent break of the bearish trendline responsible for months of downtrend. Additionally, a weekly demand zone was created as the weekly structure shifted to bullish during the breakout. Currently, price is within the weekly demand zone and is at a discount level in the optimal trade entry area, within the Fibonacci golden pocket. I’ll be opening some swing positions here, targeting the first bearish upper trendline and, ultimately, the weekly swing high as marked on the chart. Stop loss is set below the monthly demand at 2.350.
Long
by UA_CAPITAL
2
Near/BTC POTTENTIAL PUSH 115% - 1078% !!!!!!!!!NEAR/BTC Analysis - Weekly Timeframe NEAR/BTC has been trading within a demand zone that’s historically acted as a strong support level, and the price appears to be gearing up for a potential bounce. Here are the key targets and observations from the chart: Key Targets and Potential Upside Target 1: 0.00006575 BTC This level represents an initial 115.82% gain from the current price. It’s the first significant resistance within the current channel and would likely serve as an initial profit-taking zone. Target 2: 0.00019632 BTC A further target with a potential gain of 334.91%. This level aligns with historical highs, where NEAR previously encountered selling pressure. If momentum continues, this could act as the next resistance. Target 3: 0.00025003 BTC A medium-to-long-term target with a potential increase of 433.38%. This level is in a previous high-demand area and could be reached if NEAR maintains its bullish structure. Target 4: 0.00054233 BTC A more aggressive target, suggesting a gain of 973.22%. Achieving this level would indicate a major breakout and likely a shift in NEAR’s overall market cycle. Ultimate Target: 0.00060214 BTC A high-end target, representing a 1078.85% gain from the current price. Reaching this level would imply a strong bull run and could align with a significant shift in market sentiment. Disclaimer: ⚠️ This is not financial advice! All information provided is for educational purposes only. Always conduct your own research before making any investment decisions. Trading carries a high risk and may result in the loss of capital.
Long
by RhinoAkaBear
10/28 Confirmed yearly bull flag. Overview : The AMEX:SPY closed the week lower, breaking a six-week winning streak that had started just before the first rate cut. NASDAQ:QQQ managed to stay green, hovering near an all-time high. Last week, the Fed reported 738,000 new home sales and 3.84 million existing home sales. Notably, while existing home sales are declining in a descending triangle pattern, new home sales have been forming an ascending triangle—signaling diverging trends in housing demand. The job market showed resilience, with jobless claims lower than the last two readings, indicating improvement. However, this job strength could complicate rate cuts since the Fed targets stable inflation around 2%. This week brings major data releases: Tuesday’s job openings, Wednesday’s Q3 GDP, and Thursday’s and Friday’s PCE, Core PCE, and the U.S. unemployment rate. Expect a quieter start to the week but brace for potential volatility in the latter half. According to the CME tool, the likelihood of no rate cut has dipped to 1.1%. This rate cut probability has fluctuated widely over the past two weeks, from 13% to 1%, making it crucial to understand how the CME calculates this metric: 1.Market Data: Fed Funds futures prices reflect market expectations for Fed rate changes. 2.Probability Calculation: The tool derives implied rate change probabilities from the difference between current rates and futures prices. 3.Assigning Probabilities: Each possible outcome—rate cut, hike, or no change—is assigned a probability based on the futures data. CME Group holds a key position in financial markets, having formed from the merger of major exchanges: the Chicago Mercantile Exchange (CME), Chicago Board of Trade (CBOT), New York Mercantile Exchange (NYMEX), and Commodity Exchange, Inc. (COMEX). This vast network underscores why CME’s Fed tool is a pivotal reference for understanding rate expectations. In the crypto world, ETFs, especially those from BlackRock, have been on a BTC buying spree, significantly outpacing their usual purchase amounts four out of five trading days last week—continuing a pattern that began on October 14. Since then, BTC has climbed from the key level of $62.8k to around $69k, although other institutional players remain less active. This is reminiscent of BlackRock’s February buying spree, which saw BTC rise from $52 k to $61k in just two weeks, with BlackRock averaging $600 million in BTC purchases daily. We’re watching this as a potential signal, though no one’s showing similar interest in ETH ETFs, not even BlackRock, who seems to have stopped DCAing into it. BTC TA : W : The week ended with a small red candle, a relatively calm finish considering BTC is nearing $70k. Could this set us up for a breakout ahead of election results and potential rate cuts? D : Volatility hit hard last week, as anticipated. After a rally to $69k, Friday saw a dip, but big players defended the $66.5k level. Zooming out, BTC’s price rejected the upper bound of a year-long bullish flag, confirming the breakout on October 16 and reducing fake-out risks. However, there are currently no bullish divergences across MACD, RSI, CVD, or OBV. 4h : The recent triple divergence has been cleared, with no new divergences appearing. 1h : Overbought RSI and a shooting star at Monday's open signal a short-term correction, with support at $68.2k and $67.7k. Alts Relative to BTC : ETH remains in a consolidation phase, still far from breaking all-time highs like BTC. SOL has been tracking BTC's moves more closely, while NEAR is close to its yearly low of $3.8. Meanwhile, SUI, APT, and TAO saw 20%-30% corrections last week. Bull Case : We’re breaking out of a year-long bull flag, potentially en route to $100k, with BlackRock leading the charge. Trump appears likely to win, the CME tool shows only a 1% chance of no rate cut, and gold is on the rise. Unless gold crashes, BTC might hold steady. Bear Case : Is this just another bull trap set by market makers? Fear and Greed Index : 54 – Neutral. We may see a shift to greed if BTC breaks above $73k.
COINBASE:BTCUSDLong
by EvgenCapital
10/23 5th time BTC rejected from 70k. Bullish? Overview: The AMEX:SPY saw a healthy pullback of 0.9%, with a long wick touching levels last observed on September 26th. The index trended downward from the start of the trading session but rebounded sharply in the last two hours, doubling the volume seen earlier in the day. This surge formed a hammer candle—a bullish indicator, particularly when accompanied by increased volume. Existing home sales in the U.S. dropped 1% from the previous month, reaching a seasonally adjusted annual rate of 3.84 million in September 2024, marking the lowest level since October 2010. Today, new home sales and initial jobless claims are expected, with forecasts set at 245k, slightly above the previous reading of 241k. If the numbers come in lower than expected, it would suggest the economy is not cooling sufficiently, potentially extending inflation. This decline could be attributed to a rise in the 30-year fixed mortgage rate, which jumped 14 basis points to 6.82%, the highest since July 26 and a 71-basis-point increase since the Fed’s last major rate cut. The likelihood of a rate cut in November has now dropped to 7%, influenced heavily by the Fed's upcoming reports. Given the weakening housing data, a rate cut may still be necessary to support the economy. The recent market correction has exposed different strategies among ETF managers. BlackRock continues to buy aggressively, maintaining its purchase levels even after a 5% correction, keeping its stance bullish. Fidelity has remained neutral, staying on the sidelines since the peak of the current bull wave. ARK Invest, however, bought heavily at the top but is now selling during the correction, realizing losses. In summary: BlackRock is bullish, Fidelity is neutral, and ARK is bearish. BTC TA: W: BTC is slowly forming this week's red candle, but bullish hopes persist. D: A significant correction unfolded, as the triple divergence likely completed. The day's wick dipped below $65.8k, then bounced off the 0.618 Fibonacci level, calculated from the bullish pump that began on Monday, October 14th. Despite the pullback, BTC showed higher volume and managed to recover. The final daily candle formed a bullish hammer, although the volume wasn't notably higher than the last two bearish days. As previously mentioned, as long as $62.7k holds, the bullish outlook remains intact. Drawing trendlines for BTC this year shows the current upper boundary is slightly sloped downward—forming the top of what appears to be a bullish flag. It follows a large rally, with a slight pullback and consolidation, setting up for another potential breakout. Last Friday, on the 18th, the trendline was broken, suggesting a bullish confirmation if retested. However, yesterday’s price action pushed BTC below this trendline. Of course, the trendline could be adjusted to fit the bullish narrative, but the key level to watch is $66.5k. 4h: A sharp drop occurred yesterday, but most of it was recovered in the latter half of the day. This dip seems correlated with the S&P 500’s drop. BTC lost the local point of control at $66.8k but regained it. If bearish momentum continues this week without positive news, and if BTC falls below $65.8k, the next critical support is the yearly level of $62.7k. However, this would be the fourth or even fifth time this year that BTC has been rejected from $70k. If that happens again, will there be enough bullish momentum left to hold $62.7k? The candle that bounced off the 0.618 Fibonacci level formed a green hammer with above-average volume—a bullish sign. 1h: The hourly chart shows a V-shaped recovery, an uncommon pattern in market behavior. Beyond that, no additional insights. Alts Relative to BTC: Interestingly, SOL has been rising while the rest of the market declines. Some attribute this to renewed interest in memecoins. However, popular Solana-based memecoins like WIF, BONK, and MEW are down, with only Popcat showing gains. Bull Case: BTC faces rejection at $70k, followed by a deep pullback, and the Fed decides not to cut rates in November. Bear Case: The Fed cuts rates, and BTC rallies. Fear and Greed Index: The index is at 52, continuing its downward trend this week. Opportunities : Check BINANCE:APTUSDT for a possible short opportunity. If SUI and TAO already corrected after their big pump, APT still wobbles at the top and recently posted bearish shooting star daily candle with high volume.
COINBASE:BTCUSD
by EvgenCapital
10/22 Triple divergence is playing out. How deep?Overview: The AMEX:SPY closed down by only 0.16%, despite opening lower than Friday’s close. During the second trading hour, the index dropped 0.5% but managed to recover the losses throughout the day. Only a few AMEX:SPY stocks ended in the green, with Nvidia gaining 4.14%. Despite this minor pullback, the index has seen six consecutive weeks of growth, and one red weekly candle wouldn't derail a bull run that has gained 23% since the start of the year. The tech-heavy NASDAQ:QQQ also closed in the green, up 0.19%, thanks to Nvidia’s boost. The U.S. Leading Indicator Index (LEI) fell by 0.5% month-over-month to 99 in September, a steeper decline than the expected -0.3% and more significant than the -0.2% drop in August, according to The Conference Board’s report on Monday. From March through September 2024, the LEI dropped 2.6%, exceeding the 2.2% decline in the previous six-month period. "Weakness in factory new orders continued to be a major drag on the US LEI in September as the global manufacturing slump persists," said Justyna Zabinska-La Monica, senior manager of Business Cycle Indicators at The Conference Board. "Additionally, the yield curve remained inverted, building permits declined, and consumers' outlook for future business conditions was tepid." This index has been decreasing since March 2022, and Monday’s reading officially places it below its lowest point during the COVID-19 period in April 2020. However, the rate of decline appears to be slowing. Meanwhile, companies are still reporting better-than-expected earnings. Some well-known names reporting today include GE Aerospace (Boeing's engine supplier), Philip Morris, Verizon, General Motors, 3M, Enphase, and Invesco (owners of the QQQ ETF). The CME Watch Tool now shows an 11.1% chance of no rate cut on November 7th, up from last week’s 9.3%. While BTC dropped 2.40% on Monday, BlackRock still bought $329 million worth of BTC ETFs. It’s almost amusing to think that BlackRock could be acting as someone’s exit liquidity. The firm now owns 362,192 bitcoins, valued at $23.169 billion. BTC TA: W: Unfortunately for the bulls, BTC closed last week at $69k, which is below the highs of the last two bullish waves in late March and early June. D: Monday ended with a 2.40% correction—much needed after last week's strong rally. A timely release of pressure increases the likelihood of the bull run continuing. An important level to maintain is $66.9k, as it’s the point of control for this recent rally starting from October 10th. The next support levels are $65.8k and the key yearly support at $62.7k. Breaking below $62.7k would invalidate the current bullish wave. On the bearish side, Monday’s candle engulfed the previous five trading days (including the weekend). Before the pullback, the RSI hit 70. 4h: As we spotted and wrote about in our previous letter - the 4-hour chart showed MACD, CVD, and RSI divergences, with three consecutive declining peaks as the price continued climbing. The correction began on Sunday evening, and it may take more than a day to fully play out. The key level to hold now is $66.8k—if it breaks, the price may fall to the daily level of $65.8k. So far, it’s holding. 1h: The 1-hour chart looks bullish, as the $66.9k level is holding, with some bullish MACD and RSI divergence showing. Alts Relative to BTC: ETH, SOL, and NEAR have not declined as much as BTC. However, SUI has dropped more significantly by 5%, and TAO by 9%. APT is unexpectedly pumping, while DOGE is up by 27.30%. Seems like alts are diverging from BTC correction. At least the aren't collapsing 7 - 10%, which was the case in the past with BTC falling by 2.4%. Bull Case: BTC could be correcting slightly before resuming the bull run. If a recession is avoided, Trump wins the election, and rates are cut, the outlook remains positive. Bear Case: BTC may have reached an old resistance level without breaking it, confirming it as a solid resistance, and initiating a deeper correction. Fear and Greed Index: The index is back to Neutral at 57, down from the Greed territory of 60 over the weekend.
COINBASE:BTCUSD
by EvgenCapital
10/17 Give us a healthy pull back. Overview: The AMEX:SPY continues its upward trajectory, hitting new all-time highs. The bullish momentum is supported by more companies exceeding earnings expectations this week. Despite rising unemployment and persistent inflation, corporations are posting record profits. It’s a reminder that the stock market and the economy don’t always move in sync. The NASDAQ:QQQ , representing big tech, is hovering near its all-time high but struggling to break through. The Federal Reserve reported fewer initial jobless claims at 241k, a decrease from last week, but still higher than the average over the last three years. The CME Watch Tool now indicates a 9.3% chance of no rate cut in the next meeting on November 7th, influenced by these labor market figures. Meanwhile, a surge in BTC ETF purchases has been observed throughout the week. Yesterday, BlackRock acquired $309 million worth, nearly tripling its average of $117.4 million. This marks their fourth consecutive day of buying. Even Grayscale joined the action. Altogether, $1.854 billion flowed into BTC ETFs this week. This could either mark the peak of the sixth bullish wave or set up a breakout from the year-long bullish flag pattern. BTC saw an 8% rise this week, making it one of the top five best-performing weeks of the year, including February's pump following BTC ETF approval. However, the volume remains lower than expected. For a full trend confirmation, we need institutional whales to join in. If we are indeed breaking out of the bullish flag, the volume should match levels seen at the beginning of the bull run in October and November 2023, when weekly volumes were 80-100% higher than this week. BTC Technical Analysis: W: On the weekly chart, BINANCE:BTCUSDT candle wick has reached July's open and close but hasn't tested its highs around $70k. A close above $68.2k this week would be a bullish signal. We still have Friday, but the weekend isn’t likely to bring much action. D: BTC has been at the upper Bollinger Band for four consecutive days without any correction or pullback. The candles are reminiscent of the week of September 3rd, which saw an 8.5% pump, followed by a fake breakout and an additional 4.54% rise before a sharp decline wiped out all gains within ten days. A healthy pullback could target the $64-68k range—but of course, the bullish sentiment says, "No pullbacks on the way to the moon!" 4h: The current pump started at the key 2024 level of $62.7k, rising in three waves. The third push had lower volume, signaling a price-volume divergence. RSI has exceeded 70 twice and is now trending down, showing divergence with the price. On-Balance Volume (OBV) and Cumulative Volume Delta (CVD) also indicate divergence. Without a clear shooting star candle with high volume, nothing is confirmed yet. We might see some sideways action over the weekend before a possible breakout on Sunday evening. 1h: Bearish. Alts Relative to BTC: ETH, SOL, and NEAR are showing weakness. None have reached their July peaks like BTC, and they have all pulled back after this week’s pump. Quick question: Does MKR have a bottom? Bull Case: If we continue breaking out of the bull flag, the pump could extend into next week, with potential gains of another 6-8%. If Trump wins and crypto rallies, rates could be cut in November and December, bringing them down to 4.25-4.50%. Bear Case: We could continue oscillating within the $58-70k range, and we are currently at the upper end. Fear and Greed Index: Currently at 58, still Neutral, but it touched the Greed level of 60 yesterday.
COINBASE:BTCUSD
by EvgenCapital