Bitcoin and altcoin overview (December 24-25)
Yesterday, Bitcoin continued its decline.
We don't observe strong buying activity yet, so in the near future, a test of the local minimum of $92,300 is most likely to capture additional liquidity. According to cumulative delta, there is absorption of sales through limit orders, which increases the probability of a false breakout and the development of an upward movement from these levels to $100,000.
Buy zones: level $92,300 (local low), ~$80,000 (volume anomaly), $77,000-$74,000 (large volume zone).
Sell zone: $100,000-$102,000 (mirror volume zone).
Interesting altcoins
For STMX, we are considering one of the marked scenarios.
At the moment, we have received a reaction from an important volume zone, and if false breakouts of the marked levels occur, a correction should be considered.
We don't observe strong buying activity yet, so in the near future, a test of the local minimum of $92,300 is most likely to capture additional liquidity. According to cumulative delta, there is absorption of sales through limit orders, which increases the probability of a false breakout and the development of an upward movement from these levels to $100,000.
Buy zones: level $92,300 (local low), ~$80,000 (volume anomaly), $77,000-$74,000 (large volume zone).
Sell zone: $100,000-$102,000 (mirror volume zone).
Interesting altcoins
For STMX, we are considering one of the marked scenarios.
At the moment, we have received a reaction from an important volume zone, and if false breakouts of the marked levels occur, a correction should be considered.
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.