Bitcoin and altcoin overview (November 21-22)
Yesterday, Bitcoin reached a new ATH again, this time the breakout was genuine, and the volumes accumulated during the sideways movement are now positioned long. A new support zone has formed at $92,000-$89,400 (accumulated volumes).
At the moment, we are in an impulse phase, with no signs of profit-taking, so we will soon see a six-figure number for the first cryptocurrency.
Delta decorrelation is still present, so it's worth paying close attention to the round mark of $100,000; significant profit-taking is likely after surpassing this level.
Buy zones: $92,000-$89,400 (accumulated volumes), ~$80,000 (volume anomaly), $77,000-$74,000 (large volume zone), $71,400-$70,800 (mirror volume zone), $63,100-$62,500 (mirror volume zone), $60,000-$59,000 (buyer activity).
Potential resistance: $100,000.
Interesting altcoins
For ARPA, after each update of the local maximum, there are noticeable large profit-taking events. We are considering a short position when testing the volume zone of $0.055-$0.0566, or during a false breakout of the local maximum.
At the moment, we are in an impulse phase, with no signs of profit-taking, so we will soon see a six-figure number for the first cryptocurrency.
Delta decorrelation is still present, so it's worth paying close attention to the round mark of $100,000; significant profit-taking is likely after surpassing this level.
Buy zones: $92,000-$89,400 (accumulated volumes), ~$80,000 (volume anomaly), $77,000-$74,000 (large volume zone), $71,400-$70,800 (mirror volume zone), $63,100-$62,500 (mirror volume zone), $60,000-$59,000 (buyer activity).
Potential resistance: $100,000.
Interesting altcoins
For ARPA, after each update of the local maximum, there are noticeable large profit-taking events. We are considering a short position when testing the volume zone of $0.055-$0.0566, or during a false breakout of the local maximum.
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