Market Update 10/11

Market Update:

Looking at the market we can see that it took a breather from the upside it had in the past days since BTC’s and ETH’s new ATH. It can’t go up eternally and we need to pause to get back up again. Let the market slow down a bit, it’s only that way we will relive a sort of 2017.

At the moment we have a range on the daily around $11.88 and $10.42. It’s a very small range but the price has been going back and forth the past 2 days around these levels. We are missing some momentum as some volume in order for the price to make a clear decision.

Let’s focus on the NEAR/BTC pair: there is an interesting pattern we can see here by showing this W-pattern it is forming. We all know what happened last time when the NEAR/USD pair finished to have that W-pattern (new ATH). NEAR outperforming BTC is written in the books but it won’t be that straightforward.