Bitcoin and altcoin overview (February 26-27)
Yesterday, Bitcoin did not follow the main scenario and completely filled the volume zone of $89,000–$86,300 (accumulated volumes).
A large number of volume anomalies were released, and many market sell orders were absorbed by limit orders, but there is still no strong market buyer.
To decide on buying or selling, it is worth waiting for a full consolidation above/below this zone and then making a decision upon its retest. A proper reversal will take significantly more time, so for now, it is still too early to buy Bitcoin.
Sell Zones:
$107,000–$109,000 (volume anomalies).
$97,500-$98,400 (aggressive selling volumes).
$95,000-$96,700 (accumulated volumes).
$91,300-$92,600 (accumulated volumes).
Buy Zones:
$89,000–$86,300 (accumulated volumes).
$77,000-$73,000 (volume anomalies, aggressive buying volumes).
Interesting Altcoins
Looking at two coins after a trend break to the long side:
For AVAAI, we are considering a long from the volume zone of $0.053-$0.049 if a reaction occurs.
For VINE, a long from the zone of $0.0325-$0.0314 is also considered if a reaction occurs.
A large number of volume anomalies were released, and many market sell orders were absorbed by limit orders, but there is still no strong market buyer.
To decide on buying or selling, it is worth waiting for a full consolidation above/below this zone and then making a decision upon its retest. A proper reversal will take significantly more time, so for now, it is still too early to buy Bitcoin.
Sell Zones:
$107,000–$109,000 (volume anomalies).
$97,500-$98,400 (aggressive selling volumes).
$95,000-$96,700 (accumulated volumes).
$91,300-$92,600 (accumulated volumes).
Buy Zones:
$89,000–$86,300 (accumulated volumes).
$77,000-$73,000 (volume anomalies, aggressive buying volumes).
Interesting Altcoins
Looking at two coins after a trend break to the long side:
For AVAAI, we are considering a long from the volume zone of $0.053-$0.049 if a reaction occurs.
For VINE, a long from the zone of $0.0325-$0.0314 is also considered if a reaction occurs.
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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.
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.