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NEAR USDT TO $12NEAR USDT TO $12 Long accumulation phase on daily timeframe that finally broke out. A move like this could have potentially a lot of upside. We saw the same with AVAX a few months ago, albeit on the weekly timeframe. And we played AVAX when it was under $10 to catch that megapump upwards of $40. NEAR could go a lot higher, with $12 just being the first target. Why $12? The previous high on NEAR was sub $20. However, there was a lot less coins in circulation in 2022 when NEAR hit its previous highs. If we take the previous high market cap (12.5b) and use that with the current circulating supply, that takes us right at $12. That's not to say that it can't go higher than $12, but just $12 should be the first target. Which can also see a possibly pullback. If we can get past $12 without any pullback, we could breeze through $15 and previous highs. BINANCE:NEARUSDT BINANCE:NEARUSDT.P BYBIT:NEARUSDT.P BINANCE:NEARUSD COINBASE:NEARUSD KUCOIN:NEARUSDT MEXC:NEARUSDT.P OKX:NEARUSDT.P BYBIT:NEARUSDT BITGET:NEARUSDT.P BINANCE:NEARUSD.P KRAKEN:NEARUSD MEXC:NEARUSDT BINGX:NEARUSDT.PS COINBASE:NEARUSDT CRYPTO:NEARUSD
Long
by Coindatahouse
Strong Bearish MomentumOn the 4-hour chart, we witnessed yesterday how prices retraced Bullish to come into our zone. This saw the 1 hour chart hitting its target price point and proceeding all the way higher to get to our 4 hour Panzy-Pips Block (PB), as marked out on the chart. From this level, and with this look of bearishness, we expect prices to begin to melt and consequently witness a corresponding dip in prices. The market is expected to stay bearish as we target our 4-hour liquidity target at 1.20371. Because it is a 4-hour chart, we would expect a good number of swings in the lower timeframes of 1 hour and below.
Short
by PanzyPips
Global liquidity TRUMPS price actionA week ago I had a little exchange with someone on Reddit who was claiming that Bitcoin would be shooting up. The analysis was purely technical, using pitchforks and trends, and I was surprised by their level of conviction in the prediction. Here's a snippet of my response: I find it interesting when I see trade ideas based on price movement. Market structures can tell you where certain levels are, but it doesn't tell you much about the propensity of a move until it's well underway, no? This is the point I'm repeating to others while I drill it into my own head. In the rock, paper, scissors game of trading, liquidity beats technical analysis. TA can give you the shape of the river, but it does not tell you how much water is flowing through it. Last week, I pointed out that even though we had an overall bullish flow signal, that a the countertrend dip signal should be heeded. Countertrend dips and bounces turn into liquidity trend changes if they persist. When those show up, it's a time to start taking profits. If it is indeed a short-term move, then TA and subsequently Flow will point this out, at which point leaning into the overall trend makes sense. While the last move was waiting for the countertrend dip to play out (or short it down to the seasonal current ), now the trade is waiting to see what is happening with liquidity. A green bounce suggests a run up to $35K, while a red ebb might call for a fall to $22.5K.
BITSTAMP:BTCUSD
by sacredprofit