NEAR Protocol Pre-2025 Bull-Market Accumulation Zone & Strategy

Aug 12

In a short period of five months (147 days), in its 2023/24 bullish wave, NEAR Protocol grew more than 800%...

Good morning my dear follower, how are you feeling today?

Let's continue diving deep into the altcoins market. We are not in deep yet, this is barely the surface, but as the weeks pass by, we will go deeper and deeper and visit all the projects this market has to offer. We have plenty of time.

The correction so far is really strong, 66%, and hit between 0.618 and 0.786 Fib. retracement level relative to the bullish wave just mentioned. This correction has been on going now for 154 days.

Let me show you a chart:

If it wasn't because of experience I would say the correction is over. Or should be over, because it is only over when the market/chart says so.

The duration of the correction is longer than the duration of the bullish wave.
The support range is the classic level at which reversals happen, but, the chart does not say that the correction is over. Therefore, we follow the chart.

What keeps me sane and sober is the experience we had in 2020, around the same time as now.

Somehow, whenever we see a correction after a major bullish move we are always expecting a new impulse, the next day. For example, when Bitcoin peaked in March, we were expecting to see higher, much higher and higher the next week, the next month; every week, every month. After 16 months of growth, we were expecting more and more growth, always, but instead the market is moving down.

When the market moves down, whenever a low point is hit, a strong support level; again, we expect a bullish impulse to develop the next day. It is like the fun and excitement remains lodged in our brains, producing dopamine as we see the numbers going up, and we want more. But, looking at the chart, we know there is always a period of consolidation, the accumulation zone.

So I am sober now and while I understand the impulse the market gives, prices are not going up and, if they do start to go up, the bullish-wave/run will not be over in a day. Even if the market starts to run wild, it would take months and months and months before the end of the bullish phase. This means that we can wait patiently for the signals to develop before rushing in to make mistakes.

One of the biggest and most common mistake traders, investors and aspiring traders make, is to become fully committed too fast and then have no capital left available for the big, juicy opportunities that invariable develops. I know you know what I mean. We have all been there before. We bought the wrong pairs, at the wrong time and then we see everything growing, great obvious opportunities but we cannot take them because our funds are locked in something that is not moving at all.

And now, we wait for clear signals and the accumulation zone. Welcome to pre-bull-market 2025; let me show you NEAR's protocol potential accumulation zone.

But first, I can be wrong. There can be some change and we see 600% growth tomorrow and we missed the train. But, with tens of thousands of altcoins, if this does happen, then we look for the ones that are yet to take off.

Patience is key, is what I mean.
You cannot lose by doing it right. You can only lose by doing it wrong.

Strategy: Buy and hold focusing on the long-term.
The 800% bullish wave is only a preview of what comes next.

This is not financial advice.

Thanks a lot for your continued support.

Remember to follow if you enjoy the content.
Boost, comment and share.

Namaste.

➖ NEARUSDT (Current price: $4.00)