Hello everyone! This is the daily analysis from a trader-analyst at CryptoRobotics.
Yesterday, Bitcoin tested the previously mentioned POC (the point of control — the area with the highest volume concentration within the range). A reaction followed: buyers prevented the price from falling below that level.
At the moment, we still expect a breakout from the range to the upside. On the lower timeframe, buyers are once again trying to gain control through delta. If the price breaks above $118,800, we can expect a move at least toward ~$120,000. A potential retest of the local zone at $118,000–$117,600 (signs of market buying aggression on the 15m timeframe) is also possible, followed by a continuation of the uptrend. Larger buy zones are marked below.
Buy zones:
~$115,000 (zone of initiating volumes)
$110,000–$107,000 (accumulated volumes)
This publication is not financial advice
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.
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.