Yesterday, Bitcoin reached a new ATH again, this time the breakout was genuine, and the volumes accumulated during the sideways movement are now positioned long. A new support zone has formed at $92,000-$89,400 (accumulated volumes).
At the moment, we are in an impulse phase, with no signs of profit-taking, so we will soon see a six-figure number for the first cryptocurrency.
Delta decorrelation is still present, so it's worth paying close attention to the round mark of $100,000; significant profit-taking is likely after surpassing this level.
Buy zones: $92,000-$89,400 (accumulated volumes), ~$80,000 (volume anomaly), $77,000-$74,000 (large volume zone), $71,400-$70,800 (mirror volume zone), $63,100-$62,500 (mirror volume zone), $60,000-$59,000 (buyer activity).
Potential resistance: $100,000.
Interesting altcoins
For ARPA, after each update of the local maximum, there are noticeable large profit-taking events. We are considering a short position when testing the volume zone of $0.055-$0.0566, or during a false breakout of the local maximum.
At the moment, we are in an impulse phase, with no signs of profit-taking, so we will soon see a six-figure number for the first cryptocurrency.
Delta decorrelation is still present, so it's worth paying close attention to the round mark of $100,000; significant profit-taking is likely after surpassing this level.
Buy zones: $92,000-$89,400 (accumulated volumes), ~$80,000 (volume anomaly), $77,000-$74,000 (large volume zone), $71,400-$70,800 (mirror volume zone), $63,100-$62,500 (mirror volume zone), $60,000-$59,000 (buyer activity).
Potential resistance: $100,000.
Interesting altcoins
For ARPA, after each update of the local maximum, there are noticeable large profit-taking events. We are considering a short position when testing the volume zone of $0.055-$0.0566, or during a false breakout of the local maximum.
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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.