Bitcoin and altcoin overview(August 07-08)
Yesterday, we overcame the $53,900-$55,400 zone in Bitcoin without significant obstacles, which may indicate the absence of a major seller.
At the moment, we are trading within the framework of a sloping line. The movement that is developing now is quite weak, so we primarily expect a retest of the $52,000-$50,000 levels, with a less likely scenario being the development of movement from current prices to the next sales zone.
We maintain the global priority for longs and consider local lows as:
Purchase zones: $52,000-$50,000, $48,000-$47,000 (pushing volumes), $44,000-$41,600 (accumulated volumes).
Nearest sales zones: $60,000-$62,000 (accumulated volumes), $64,000-$65,200 (mirror volume zone).
Interesting altcoins
An anomaly in volume has formed on the MEW coin at a price of $0,006, which may indicate large fixes by a major player. We consider a short from current prices, or from a false breakout of the local high, as this point will be more conservative.
At the moment, we are trading within the framework of a sloping line. The movement that is developing now is quite weak, so we primarily expect a retest of the $52,000-$50,000 levels, with a less likely scenario being the development of movement from current prices to the next sales zone.
We maintain the global priority for longs and consider local lows as:
Purchase zones: $52,000-$50,000, $48,000-$47,000 (pushing volumes), $44,000-$41,600 (accumulated volumes).
Nearest sales zones: $60,000-$62,000 (accumulated volumes), $64,000-$65,200 (mirror volume zone).
Interesting altcoins
An anomaly in volume has formed on the MEW coin at a price of $0,006, which may indicate large fixes by a major player. We consider a short from current prices, or from a false breakout of the local high, as this point will be more conservative.
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