Market Update 21/10
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 really have a pullback today; it is quite the contrary. Today we definitely broke the first resistance around $ 8.29 and right now we are around the second resistance of $ 9.19. We attempted to break this resistance and it seemed that it would break but we came back to test it.
As promised we will also focus on the NEAR/BTC chart. At the moment NEAR is showing some big strength against BTC again. When we look at the bigger picture we see that we are in an enormous W structure. The first part of that structure is completed. Expect in the coming weeks some consolidations and then some BTC dominance again. After that NEAR will be bullish again.
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 really have a pullback today; it is quite the contrary. Today we definitely broke the first resistance around $ 8.29 and right now we are around the second resistance of $ 9.19. We attempted to break this resistance and it seemed that it would break but we came back to test it.
As promised we will also focus on the NEAR/BTC chart. At the moment NEAR is showing some big strength against BTC again. When we look at the bigger picture we see that we are in an enormous W structure. The first part of that structure is completed. Expect in the coming weeks some consolidations and then some BTC dominance again. After that NEAR will be bullish again.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.