Bitcoin and altcoin overview (October 31-November 01)
Yesterday, as we anticipated, Bitcoin paused and went into a slight correction.
Currently, selling pressure is fairly weak, but for now, we can expect continued rotations within the current volume zone and its boundaries at $73,000-$71,000, with a priority for an upward breakout and a test of the ATH.
Buy zones:
$70,000-$68,900 (pushing volumes)
$67,500-$66,800 (maximum sideways volume)
$63,100-$62,500 (mirror volume zone)
$60,000-$59,000 (buyer activity)
Interesting altcoins:
For SXP, below the current prices, there’s a zone of pushing volumes at $0.24-$0.234. If this zone is filled and there’s a buyer reaction, we open a long position.
Currently, selling pressure is fairly weak, but for now, we can expect continued rotations within the current volume zone and its boundaries at $73,000-$71,000, with a priority for an upward breakout and a test of the ATH.
Buy zones:
$70,000-$68,900 (pushing volumes)
$67,500-$66,800 (maximum sideways volume)
$63,100-$62,500 (mirror volume zone)
$60,000-$59,000 (buyer activity)
Interesting altcoins:
For SXP, below the current prices, there’s a zone of pushing volumes at $0.24-$0.234. If this zone is filled and there’s a buyer reaction, we open a long position.
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Unlock your potential in trading
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.