Bitcoin and altcoin overview (February 27-28)
Yesterday, Bitcoin broke through the buyer’s zone of $89,000–$86,300 (accumulated volumes), and the main scenario now is the continuation of the downward movement.
At the moment, we are testing this zone from the opposite side. If a reaction occurs, we consider a short; if there is no reaction, Bitcoin is likely to return to the global sideways range.
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).
$86,700-$89,600 (mirror zone, volume anomalies).
Buy Zones:
$77,000-$73,000 (volume anomalies, aggressive buying volumes).
Interesting Altcoins
For one of the coins we analyzed yesterday, AVAAI, we almost reached the volume zone of $0.053-$0.049 and instead formed a new volume zone at $0.0567-$0.0545, increasing the chances of a full-fledged long movement.
Considering one of the scenarios marked on the chart:
At the moment, we are testing this zone from the opposite side. If a reaction occurs, we consider a short; if there is no reaction, Bitcoin is likely to return to the global sideways range.
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).
$86,700-$89,600 (mirror zone, volume anomalies).
Buy Zones:
$77,000-$73,000 (volume anomalies, aggressive buying volumes).
Interesting Altcoins
For one of the coins we analyzed yesterday, AVAAI, we almost reached the volume zone of $0.053-$0.049 and instead formed a new volume zone at $0.0567-$0.0545, increasing the chances of a full-fledged long movement.
Considering one of the scenarios marked on the chart:
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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.