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Gdpredador
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now hold on hehe
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altcoins have already entered the bullish cycle and have already completed wave 1, we are finishing wave 2, which in addition to being a deep wave. It was also an accumulation, this wave is deep because there are still many sellers believing that it will still fall. but there is already demand moving the market. volume will enter wave 3, which tends to be the biggest wave. That's where retail comes in. as it identifies that the market is now very high. We are about to enter wave 3. It is possible to see volume entering the bullish candle.
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3 market laws. **effort /result** in this case. supply/demand cause and effect the market only gives you three pieces of information price, time and volume. and that's what we analyze. $BTC $NEAR $POL #ksm #link #dot
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effort/result, one of the most efficient things on the market. see the high trading volume in the period and look at the result. see what happens to prices after that. and notice how wide the bottom side is. giving a huge indication of demand. we no longer have large absorptions on the top side. at the sales end. the market took a hit today. but see how prices slow down and rise again. Bitcoin broke out of the region I posted yesterday. probably a fake break to get liquidity. $NEAR $BTC
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here's the result. if you follow me. Do you know how many types of analysis I did to know where the prices are going? And then at times I end up questioning myself. Is the market up or not? the analysis I did is useful for #near #link #ksm #pol #dot among others. They are all in the context of purchase. $BTC
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The last candle of the daily is a bearish candle with low volume to the opposite side of the absorption candle that closed positive. we can consider it a lack of interest in the sale. another point. Near prices are above the average for 200 periods of the week. which generally functions as a point of defense. $NEAR
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