Bitcoin and altcoin overview (October 23-24)
Yesterday, we attempted to overcome the local high of the sideways range in Bitcoin and then moved into an expansion in the downward direction, as we had anticipated.
At the moment, we should expect a test of the nearest buyer's zone. From there, we will monitor the reaction and, if possible, implement long ideas.
A new local seller's zone has also formed at $66,900-$67,600, from which another wave of decline is likely in the future.
We will only get a full-fledged long movement and a test of $70,000 after consolidating above this selling zone.
Buying zones: $66,000-$65,100 (volume reaction), $63,100-$62,500 (mirror volume zone), $60,000-$59,000 (buyer activity), $55,000-$53,800 (volume zone), $57,000-$56,400 (volume zone).
Selling zones: $66,900-$67,600 (volume zone), $70,000 level (market seller activity), $72,000 level (market seller activity).
Interesting altcoins.
For AVAX, we have traded a good volume zone of $27.5-$28, which resulted in a short. On a retest, we'll look for a reaction, and if present, we'll open a sell trade.
At the moment, we should expect a test of the nearest buyer's zone. From there, we will monitor the reaction and, if possible, implement long ideas.
A new local seller's zone has also formed at $66,900-$67,600, from which another wave of decline is likely in the future.
We will only get a full-fledged long movement and a test of $70,000 after consolidating above this selling zone.
Buying zones: $66,000-$65,100 (volume reaction), $63,100-$62,500 (mirror volume zone), $60,000-$59,000 (buyer activity), $55,000-$53,800 (volume zone), $57,000-$56,400 (volume zone).
Selling zones: $66,900-$67,600 (volume zone), $70,000 level (market seller activity), $72,000 level (market seller activity).
Interesting altcoins.
For AVAX, we have traded a good volume zone of $27.5-$28, which resulted in a short. On a retest, we'll look for a reaction, and if present, we'll open a sell trade.
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