Bitcoin and altcoin overview (October 22-23)
Yesterday, we realized our main scenario for Bitcoin and transitioned to a downward trend.
We didn't reach our zone of interest, but instead bounced off the lower boundary of the accumulated volume zone according to the market profile.
At the moment, rotation within the range of $66,600-$69,000 is likely, with a probable capture of liquidity from below and a test of the nearest buyer's zone.
Buying 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).
Selling zones: $70,000 level (market seller activity), $72,000 level (market seller activity).
Interesting altcoins.
For APT, a volume anomaly has been observed. We're looking at consolidation above/below the $11-$11.1 zone and opening a trade in the corresponding direction. A short trade is more interesting with the potential to reach $10.2-$10.
We didn't reach our zone of interest, but instead bounced off the lower boundary of the accumulated volume zone according to the market profile.
At the moment, rotation within the range of $66,600-$69,000 is likely, with a probable capture of liquidity from below and a test of the nearest buyer's zone.
Buying 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).
Selling zones: $70,000 level (market seller activity), $72,000 level (market seller activity).
Interesting altcoins.
For APT, a volume anomaly has been observed. We're looking at consolidation above/below the $11-$11.1 zone and opening a trade in the corresponding direction. A short trade is more interesting with the potential to reach $10.2-$10.
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.