Bitcoin and altcoin analytics(April 19-20)
We received another wave of sales for Bitcoin, reaching the previous local extremum of $59,700, but we did not get a false breakout of the level.
Currently, there is a perceived weakness in sales, so it is very likely that from the current prices we can go up to ~$70,000. But still, a test of $59,000 remains likely.
Sales zones and possible targets for the current movement: $69,400-$71,000 (market aggression of the seller and absorption of purchases), $71,800-$72,500 (volume zone).
Buyer zones: $57,200-$56,200 (small volume anomaly zone), $53,600-$53,000 (pushing volume zone).
It should also be reminded that the Bitcoin halving will take place on April 19-20, which is very likely to add volatility to the markets in the coming days.
Interesting altcoins
The rise in volatility for Bitcoin has also breathed life into some altcoins, but most ideas are still short.
We consider a short for JTOUSDT from the volume zone of ~$3.8 in the presence of a reaction.
ATAUSDT, similar situation. We consider the volume zone of $0.166-$0.19 for the continuation of the short.
Currently, there is a perceived weakness in sales, so it is very likely that from the current prices we can go up to ~$70,000. But still, a test of $59,000 remains likely.
Sales zones and possible targets for the current movement: $69,400-$71,000 (market aggression of the seller and absorption of purchases), $71,800-$72,500 (volume zone).
Buyer zones: $57,200-$56,200 (small volume anomaly zone), $53,600-$53,000 (pushing volume zone).
It should also be reminded that the Bitcoin halving will take place on April 19-20, which is very likely to add volatility to the markets in the coming days.
Interesting altcoins
The rise in volatility for Bitcoin has also breathed life into some altcoins, but most ideas are still short.
We consider a short for JTOUSDT from the volume zone of ~$3.8 in the presence of a reaction.
ATAUSDT, similar situation. We consider the volume zone of $0.166-$0.19 for the continuation of the short.
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.