Bitcoin and altcoin overview (January 10-11)
Yesterday, Bitcoin began forming a local reversal, with each new update of local minimums being ineffective. The $91,500 level was eventually breached.
At the moment, we're seeing a weak wave of buying that's moving by inertia. Any defense from sellers could stop it, so another downward move is likely.
If there's a buyer reaction in the local zone of $92,700-$91,200, we'll consider opening a short-term long position until the next selling zone.
Buy zones: $92,700-$91,200(local volume zone), $90,600-$86,300(accumulated volumes), ~$80,000(volume anomaly), $77,000-$74,000(large volume zone).
Sell zones: $97,000-$98,800(volume zone), $100,700-$102,200(mirror selling zone, market selling activity).
Interesting altcoins.
The AI coin we looked at yesterday didn't get a reaction from the first buyer zone of $0,695-$0,725, making it a mirror buyer zone. We're considering opening an intraday long position until the next selling zone of $0,79-$0,84 during a retest.
At the moment, we're seeing a weak wave of buying that's moving by inertia. Any defense from sellers could stop it, so another downward move is likely.
If there's a buyer reaction in the local zone of $92,700-$91,200, we'll consider opening a short-term long position until the next selling zone.
Buy zones: $92,700-$91,200(local volume zone), $90,600-$86,300(accumulated volumes), ~$80,000(volume anomaly), $77,000-$74,000(large volume zone).
Sell zones: $97,000-$98,800(volume zone), $100,700-$102,200(mirror selling zone, market selling activity).
Interesting altcoins.
The AI coin we looked at yesterday didn't get a reaction from the first buyer zone of $0,695-$0,725, making it a mirror buyer zone. We're considering opening an intraday long position until the next selling zone of $0,79-$0,84 during a retest.
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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.