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Gdpredador
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Now is the time to find out if the buyer will hold on to this upcoming seller.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.
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NEAR
5.03
+0.80%
670
0
Replies
0
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Gdpredador
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We recently had the weekly closing. I was very optimistic about the market, in the micro there were many things favoring it. but after the close of the weekly candle. I will analyze whether it still makes sense to stay in buy positions. the weekly close of the opening for further declines. It doesn't mean it will happen, but it completely changed the scenario. Richard Wycoff says that before the market turns, prices are absorbed. it is a stop movement. so balthough we have this. if bitcoin is to renew its fund. no matter how many times he comes back. I don't want to be positioning if that happens. $BTC $NEAR
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moment of caution, the currency is unable to recover and has a very bad weekly closing. and to think about. $NEAR
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once again prices are defended in the same region. which is the demand confirmation region. this time it left a candle with a positive closing which is good. however the volume was not that high. if a pivot is formed now with the confirmation of bitcoin demand. we will have an upward trend. *But there is one detail, the region has been tested many times. If the price doesn't rise now, the next time it returns there it will break downwards. $NEAR
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the price works in testing and confirmation, bitcoin works in the confirmation region at the moment. I don't know if this is enough to hold the price given the strong downtrend. Let's see what the price tells us.
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$86k is right there.
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