Zapj

This is the gameplan for $NEAR, if Bitcoin doesn't collapse further down the line. It did break upwards and it managed to hold there, despite the overall weakness on Bitcoin. It made a higher high, and is currently flipping this area for support, which means it's time to be looking at a trade (lower size for me as it's a fragile market with Bitcoin currently going into capitulation mode). If Bitcoin doesn't fall further down the line, it's very likely to expect that NEAR will be looking for new highs and $3+ in the coming period.

The case for $ETH, unfortunately, remains the same. It needs to break back above 0.03250 BTC to trigger a strong upwards move. Otherwise, I'd be a buyer at 0.0260 BTC.

The best representation in the space. It's just not only #Bitcoin and Gold, it's a whole shift of macroeconomic momentum. During the run in 2017, prior to that, Gold consolidated for a little, after reaching its high in 2016. After that, an enormous rally on #Bitcoin. In 2020, the same has happened. Given the amount of strength in the recent run of Gold, and the overextended move there, it's very expectable to see a corrective period on Gold. This window of ~1.5-2 years is the window for #Bitcoin and #Crypto to massively surge.

To me, Gold is getting into a crucial area. I think that it has seen a massive bullish run on the markets, and that's great for everyone in that position. However, the fact that Gold has shown this amount of strength isn't really a good sign for the economy in general. It's a sign that something is cracking and it's a heavy risk-off sign. Now, I'm interested to see how this month will unfold. I think that we'll peak during this month and have a bad start of the year, while the inverse is going to be true for #Bitcoin. I think that Bitcoin <> Gold are inversely correlated since recently, and that Bitcoin will take the spotlight from Gold going forward. Anyways, some interesting things to look at for the price action of Gold. - Test of the ATH is likely pulling a lot of liquidity. Given that there are many events during this week, I wouldn't be surprised we'll see that sweep and test. - Liquidity on the longside is build up significantly, I'm interested to see what Gold will do when it drops beneat $4,200 and whether a cascade is going to happen there, as everyone is heavily long Gold at the moment.

This is still a great spot to be accumulating $NEAR as AI will have its next run. $TAO will have the halving in 4-5 weeks from here, which means that $TAO is likely going to surge and will take $NEAR with it. Next week: Release of the podcast with Illia about the future of AI and $NEAR. It was a great one.