Bitcoin and altcoin overview (December 04-05)
Yesterday, Bitcoin made a downward expansion, tested the buying zone of $94,000-$92,500, and returned to balance.
At the moment, we should expect another wave of selling, as buying is quite weak, with delta rapidly falling throughout the growth period, indicating buying exhaustion.
A volume anomaly has appeared at $96,000, which hasn't yet received full positioning, but we may see a strong reaction upon retest. We consider it as a level of interest.
We continue to prioritize longs or, at minimum, expect expansion in the upward direction.
Buying zones: $92,000-$89,400(accumulated volumes), ~$80,000(volume anomaly), $77,000-$74,000(major volume zone), $71,400-$70,800(mirror volume zone), $63,100-$62,500(mirror volume zone), $60,000-$59,000(buyer activity).
Selling zones: $100,000(important psychological level).
Interesting altcoins
For AVAX, we are considering continuation of longs.
Either from the major accumulated volume zone ($52-$50), or after positioning (consolidation above) and retest of the current delta imbalance zone ($54.5-$53.8).
At the moment, we should expect another wave of selling, as buying is quite weak, with delta rapidly falling throughout the growth period, indicating buying exhaustion.
A volume anomaly has appeared at $96,000, which hasn't yet received full positioning, but we may see a strong reaction upon retest. We consider it as a level of interest.
We continue to prioritize longs or, at minimum, expect expansion in the upward direction.
Buying zones: $92,000-$89,400(accumulated volumes), ~$80,000(volume anomaly), $77,000-$74,000(major volume zone), $71,400-$70,800(mirror volume zone), $63,100-$62,500(mirror volume zone), $60,000-$59,000(buyer activity).
Selling zones: $100,000(important psychological level).
Interesting altcoins
For AVAX, we are considering continuation of longs.
Either from the major accumulated volume zone ($52-$50), or after positioning (consolidation above) and retest of the current delta imbalance zone ($54.5-$53.8).
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