Bitcoin and altcoin overview (October 11-12)
Yesterday, we tested the $59,850 level for Bitcoin. On the 4-hour timeframe, this is still just a false breakout.
We have now created a setup for a reversal, with buyer activity focused between $60,000-$59,000.
The best outcome for the bulls would be to test the nearest selling zone and then retest the new buying zone, from which we expect a resumption of a full-fledged upward movement.
When retesting the buying zone from current prices, it is necessary to wait for confirmation before joining the longs.
Buying zones: $60,000-$59,000 (buyer activity), $55,000-$53,800 (volume zone), $57,000-$56,400 (volume zone).
Selling zones: $61,800-$62,900 (accumulated volumes), ~$64,150 (volume protection), $66,500-$68,200 (volume zone), $72,000 level (seller market activity).
Interesting altcoins.
For DOGE, we have reached an important buyer zone and made a rebound. If we retest the $0.105-$0.1037 zone and see a buyer reaction, we consider a long position with the first target at $0.111 (selling market activity).
We have now created a setup for a reversal, with buyer activity focused between $60,000-$59,000.
The best outcome for the bulls would be to test the nearest selling zone and then retest the new buying zone, from which we expect a resumption of a full-fledged upward movement.
When retesting the buying zone from current prices, it is necessary to wait for confirmation before joining the longs.
Buying zones: $60,000-$59,000 (buyer activity), $55,000-$53,800 (volume zone), $57,000-$56,400 (volume zone).
Selling zones: $61,800-$62,900 (accumulated volumes), ~$64,150 (volume protection), $66,500-$68,200 (volume zone), $72,000 level (seller market activity).
Interesting altcoins.
For DOGE, we have reached an important buyer zone and made a rebound. If we retest the $0.105-$0.1037 zone and see a buyer reaction, we consider a long position with the first target at $0.111 (selling market activity).
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