Bitcoin and altcoin overview (October 18-19)
Yesterday, we fulfilled the scenario outlined in the previous post for Bitcoin. During the decline, we encountered the first defense and immediately got a bounce.
At the moment, we are near the local high. Expectations remain the same – growth to the next significant resistance. Rotation within the $68,500-$66,600 range is also possible, followed by an upward breakout.
Buy zones: $66,000-$65,100 (volume reaction), $63,100-$62,500 (mirror volume zone), $60,000-$59,000 (buyer activity), $55,000-$53,800 (volume zone), $57,000-$56,400 (volume zone).
Sell zones: $70,000 level (seller's market activity), $72,000 level (seller's market activity).
Interesting altcoins.
For BANANA, we have broken the trend and formed support at $59-$57.6. When testing this zone and seeing a reaction from the buyer, we open a long position for continuation.
At the moment, we are near the local high. Expectations remain the same – growth to the next significant resistance. Rotation within the $68,500-$66,600 range is also possible, followed by an upward breakout.
Buy zones: $66,000-$65,100 (volume reaction), $63,100-$62,500 (mirror volume zone), $60,000-$59,000 (buyer activity), $55,000-$53,800 (volume zone), $57,000-$56,400 (volume zone).
Sell zones: $70,000 level (seller's market activity), $72,000 level (seller's market activity).
Interesting altcoins.
For BANANA, we have broken the trend and formed support at $59-$57.6. When testing this zone and seeing a reaction from the buyer, we open a long position for continuation.
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