These bullish divs in the 4H BTC chart often play out quite well. I'm not excited that we are below the SuperTrend on that timeframe, but the OBV div is set to print in the next 50 minutes. Keep your eyes peeled. Elliot Wave has fully played out as well on multiple time frames. Let's see how it goes. Market feels super heavy except for NEAR and AVAX is holding...
Quick video covering a Synapse trade. Not a lot of data on this one via TradingView as it was listed only recently at several tier 1 exchanges. It could be very distracting looking at the 4H triangle breakdown, and context is important from the OBV and other time frames. Here's the TLDR: $2-$2.1 is a very strong area of support. Clear invalidation...
Your job as a trader is to find assets with RELATIVE STRENGTH to this downward trend (if you're long). $NEAR fits that description, for a simple reason: It's at support on the OBV, right above the daily MA200 and the MA200 is pointing up. This means that not only is the asset still bullish, it also has a significant edge in your favor: EASY INVALIDATION OF A...
But you might not believe it... So here it is. I have not entered the long yet. Waiting for confirmation and hoping that $BTC behaves. $NEAR is about to explode IMHO. Likely the entry will be around $8.5-$9.5 TVL on $NEAR is growing fast and considering how the asset has held up in the face of the bear market, I have not let go of my long-term spot positions...