Bitcoin and altcoins overview(May 07-08)
Yesterday we broke the inclined level on Bitcoin and formed a local sideways trend.
The global scenario for the week has not changed, we can still expect longs, but through a probable false breakout of the $62,650 level or a march into the buying zone $61,600-$60,300 (pushing volumes). A less likely scenario is going below to the zone $58,500-$57,000 (volume anomalies) and resuming the upward movement from these marks.
Sales zones above current marks: $66,000-$66,600 (accumulated volumes), $69,400-$71,000 (market seller aggression and absorption of purchases), $71,800-$72,500 (volume zone).
Interesting altcoins.
POWR.
The coin nailed an important 4-hour level, now the weakness of purchases is looming. When re-entering the liquidity zone $0,355-$0,365, we look at the reaction and enter sales with a stop behind high $0,373
The global scenario for the week has not changed, we can still expect longs, but through a probable false breakout of the $62,650 level or a march into the buying zone $61,600-$60,300 (pushing volumes). A less likely scenario is going below to the zone $58,500-$57,000 (volume anomalies) and resuming the upward movement from these marks.
Sales zones above current marks: $66,000-$66,600 (accumulated volumes), $69,400-$71,000 (market seller aggression and absorption of purchases), $71,800-$72,500 (volume zone).
Interesting altcoins.
POWR.
The coin nailed an important 4-hour level, now the weakness of purchases is looming. When re-entering the liquidity zone $0,355-$0,365, we look at the reaction and enter sales with a stop behind high $0,373
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