Yesterday, the scenario we described for Bitcoin was confirmed. We made a false breakout of the local low and received a bounce.
At the moment, we primarily expect the sideways movement to expand in the upward direction (testing the local high of $62,400).
So far, market purchases are quite weak, and we can't talk about a full-fledged reversal yet; we need to wait for another test of sales.
Buy zones: $57,000-$56,400 (volume zone).
Sell zones: $63,450-$64,000 (volume zone), $64,300-$65,000 (mirror zone), $66,500-$68,200 (volume zone), $72,000 level (seller market activity).
Interesting altcoins.
ORBS and TAO have similar situations. For both coins, we have broken the structure. When testing the zone of $0.0286-$0.0294 for ORBS and $530-$555 for TAO, and if there's a reaction, we open a short position.
At the moment, we primarily expect the sideways movement to expand in the upward direction (testing the local high of $62,400).
So far, market purchases are quite weak, and we can't talk about a full-fledged reversal yet; we need to wait for another test of sales.
Buy zones: $57,000-$56,400 (volume zone).
Sell zones: $63,450-$64,000 (volume zone), $64,300-$65,000 (mirror zone), $66,500-$68,200 (volume zone), $72,000 level (seller market activity).
Interesting altcoins.
ORBS and TAO have similar situations. For both coins, we have broken the structure. When testing the zone of $0.0286-$0.0294 for ORBS and $530-$555 for TAO, and if there's a reaction, we open a short position.
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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.