Bitcoin and altcoin overview (December 27-28)
Yesterday, after a decline in Bitcoin, signs of defense appeared and each new drop was absorbed by buyers.
Currently, there is a high probability of a reversal and movement towards the selling zone of $100,000-$102,000.
Upon renewal and consolidation above the zero point of $96,630 on the hourly timeframe, an intraday long position can be considered on a pullback.
In the reverse scenario, we should expect a test of the $92,300 level.
After reviewing the chart on the daily timeframe, we identified an additional liquidity zone of $90,600-$86,300.
Buying zones: level $92,300(local low), $90,600-$86,300(accumulated volumes), ~$80,000(volume anomaly), $77,000-$74,000(large volume zone).
Selling zone: $100,000-$102,000(mirror volume zone).
Interesting altcoins
For GMT, volumes have appeared that reversed the price. When it pulls back to the zone of $0,162-$0,148 (concentration of maximum volumes), we open a long position
Currently, there is a high probability of a reversal and movement towards the selling zone of $100,000-$102,000.
Upon renewal and consolidation above the zero point of $96,630 on the hourly timeframe, an intraday long position can be considered on a pullback.
In the reverse scenario, we should expect a test of the $92,300 level.
After reviewing the chart on the daily timeframe, we identified an additional liquidity zone of $90,600-$86,300.
Buying zones: level $92,300(local low), $90,600-$86,300(accumulated volumes), ~$80,000(volume anomaly), $77,000-$74,000(large volume zone).
Selling zone: $100,000-$102,000(mirror volume zone).
Interesting altcoins
For GMT, volumes have appeared that reversed the price. When it pulls back to the zone of $0,162-$0,148 (concentration of maximum volumes), we open a long position
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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.