Bitcoin and altcoin overview (March 06-07)
Yesterday, Bitcoin continued to rise and reached the key sell zone $91,000–$94,000 (high-volume zone). However, the growth is relatively weak in terms of volume, and we now anticipate two possible scenarios:
A pullback to the nearest buy zones.
A strong high-volume breakout of the current zone into a long trend.
For today's session, the first scenario (a pullback) is more likely.
Sell zones:
$91,000–$94,000 (high-volume zone)
$95,000–$96,700 (accumulated volumes)
$97,500–$98,400 (pushing volumes)
$107,000–$109,000 (volume anomalies)
Buy zones:
$85,000–$84,000 (local mirror buy zone)
$81,500–$79,600 (volume anomalies)
$77,000–$73,000 (volume anomalies, pushing volumes)
Interesting altcoins:
For ENA, we are considering a short from the strong mirror sell zone at $0.43–$0.45, provided there is a reaction.
A pullback to the nearest buy zones.
A strong high-volume breakout of the current zone into a long trend.
For today's session, the first scenario (a pullback) is more likely.
Sell zones:
$91,000–$94,000 (high-volume zone)
$95,000–$96,700 (accumulated volumes)
$97,500–$98,400 (pushing volumes)
$107,000–$109,000 (volume anomalies)
Buy zones:
$85,000–$84,000 (local mirror buy zone)
$81,500–$79,600 (volume anomalies)
$77,000–$73,000 (volume anomalies, pushing volumes)
Interesting altcoins:
For ENA, we are considering a short from the strong mirror sell zone at $0.43–$0.45, provided there is a reaction.
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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.