merchants_of_near

merchants_of_near

After a dip in the market we can see that we are slowly recovering and getting back in green territory. There is a big battle of the non-fundamental coins. We are still figuring out what this would mean for the end of the cycle (the fact that they are gaining more and more market cap). One of our opinions can be that they will cycle back to BTC at the end of the...

merchants_of_near

Market Update: After a good pump we see the usual dump overall in the market. This is totally normal and needed in the crypto market. The good news is that the dumps on BTC for example won’t be as significant and won’t be called a ‘crash’. Overall this is good for the bull scenarios in the space. On the NEAR/USDT pair we can clearly see a little drop in price...

merchants_of_near

Market Update: We spoke yesterday about BTC’s ATH and the fact that media outlets are talking about BTC again. This will attract fresh money to the crypto market overall so don’t be surprised to see different coins hit their ATH. The next ATH will probably be from ETH which is very bullish for the entire altcoin market. Compared to BTC and ETH, NEAR didn’t...

merchants_of_near

Market Update: With this new BTC ATH we have an overall bullish market and a great market sentiment. Alts are also rising in USD value but are they also showing strenght against BTC? This question will be important for you if you want to gain more BTC. Otherwise it is still very important to note that the entire crypto market is growing and that is great for...

merchants_of_near

Market Update: Yesterday we spoke about the huge sell orders that are awaiting NEAR above the ATH these will be discussed throughout the week. BNB is nearing his ATH and can be a good indication for a good old alt season. NEAR has a huge resistance on a daily at around $ 8.29. We really need a huge leg up to get NEAR passed this resistance. Once that resistance...

merchants_of_near

Market Update: With this new BTC ETF that has been approved we can see that BTC is coming closer to his previous ATH. Of course we never go up without a little dip before. What we see is that there are a lot of sell orders but there is not a lot of FOMO in the altcoin market so a big correction is not that imminent. On the NEAR side we opened on a higher level...

merchants_of_near

Midweek NEAR/BTC analysis: On the NEAR/BTC chart we can clearly see a V-top in the structure. This structure is less dramatic than a M-top. The V-top means that we are going to revisit the tops again sooner then with an M-top. BTC is on a roll today with an average of 10% upside. This is very likely to continue on the short term meaning that the altcoins will...

merchants_of_near

Start of the week analysis: On the weekly chart we can see a structure forming on the NEAR chart. This is a form of a W which means that when the W forms we will have a huge price action to the upside. On the daily we can clearly see a descending triangle. In general this indicates a bearish pattern for the short term and would mean that we will be consolidating...