Yesterday, Bitcoin bounced off the local buyer zone of $67,000-$66,350, which we noted yesterday, but it failed to update the extremum.
Now we have descended into this zone again and received support from the buyer, so we primarily expect an update of the local high.
Let's remind that the global selling zones are very close, from which we will expect a correction to at least ~$63,000, so it is advisable to hold off on longs.
The global scenario is still in effect, and soon we will see a test of the ATH.
Buying zones: $65,000-$63,400 (accumulated volumes), $61,700-$60,800 (pushing volume), $58,700-$55,200 (accumulated volume zone), $55,000-$53,900 (volume anomalies zone).
Selling zones: $68,700-$69,800 (volume anomalies), $70,500-$71,400 (accumulated volume).
Interesting altcoins.
Regarding the MEW coin, we have corrected to the beginning of the previous wave of purchases, which may indicate local weakness of the buyer; at the moment, we expect a reaction from the $0,00796-$0,0083 zone or a false breakout of the current high and a move to the buyer zone of $0,007-$0,0064, from which the coin can be considered for long positions again if there is a reaction.
Now we have descended into this zone again and received support from the buyer, so we primarily expect an update of the local high.
Let's remind that the global selling zones are very close, from which we will expect a correction to at least ~$63,000, so it is advisable to hold off on longs.
The global scenario is still in effect, and soon we will see a test of the ATH.
Buying zones: $65,000-$63,400 (accumulated volumes), $61,700-$60,800 (pushing volume), $58,700-$55,200 (accumulated volume zone), $55,000-$53,900 (volume anomalies zone).
Selling zones: $68,700-$69,800 (volume anomalies), $70,500-$71,400 (accumulated volume).
Interesting altcoins.
Regarding the MEW coin, we have corrected to the beginning of the previous wave of purchases, which may indicate local weakness of the buyer; at the moment, we expect a reaction from the $0,00796-$0,0083 zone or a false breakout of the current high and a move to the buyer zone of $0,007-$0,0064, from which the coin can be considered for long positions again if there is a reaction.
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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.