Bitcoin and altcoin overview (December 03-04)
Yesterday, Bitcoin buying resumed from $95,000, but this growth was almost immediately absorbed.
Currently, we continue to trade in a sideways pattern. We still have a slight advantage towards buying. False expansions in both directions are possible in the near future.
Priority remains with longs.
Buying zones: $94,000-$92,500 (small zone of accumulated volumes), $92,000-$89,400 (accumulated volumes), ~$80,000 (volume anomaly), $77,000-$74,000 (large volume zone), $71,400-$70,800 (mirror volume zone), $63,100-$62,500 (mirror volume zone), $60,000-$59,000 (buyer activity).
Selling zones: $100,000 (important psychological level).
Interesting altcoins
Currently, only long positions in altcoins should be considered while Bitcoin remains in a sideways pattern and its dominance decreases.
For MOODENG, we are looking at a wide zone ($0.51-$0.38) of pushing volumes for buying when there is a reaction. Yellow lines mark point volume fills.
For XVG, we are considering the accumulated volume zone ($0.0115-$0.01) also for a long position when there is a reaction.
Currently, we continue to trade in a sideways pattern. We still have a slight advantage towards buying. False expansions in both directions are possible in the near future.
Priority remains with longs.
Buying zones: $94,000-$92,500 (small zone of accumulated volumes), $92,000-$89,400 (accumulated volumes), ~$80,000 (volume anomaly), $77,000-$74,000 (large volume zone), $71,400-$70,800 (mirror volume zone), $63,100-$62,500 (mirror volume zone), $60,000-$59,000 (buyer activity).
Selling zones: $100,000 (important psychological level).
Interesting altcoins
Currently, only long positions in altcoins should be considered while Bitcoin remains in a sideways pattern and its dominance decreases.
For MOODENG, we are looking at a wide zone ($0.51-$0.38) of pushing volumes for buying when there is a reaction. Yellow lines mark point volume fills.
For XVG, we are considering the accumulated volume zone ($0.0115-$0.01) also for a long position when 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.