Bitcoin and altcoin overview(August 15-16)
Yesterday, we bounced off the marked selling zone for Bitcoin and went lower.
In the buying zone of $59,700-$58,600, strong volumes formed, but the reversal movement has not yet developed.
At the moment, we consider the aforementioned zone as a mirror one, and upon retesting it, we expect further decline to the next buyer's zone.
The scenario will be canceled if there is no reaction and the price goes above $60,000. In this case, we consider a long position upon retesting $59,700-$58,600.
Buying zones: $57,500-$55,000 (pushing volumes), $52,000-$50,000, $48,000.
Selling zones: $59,700-$58,600 (accumulated volumes), $64,000-$65,200 (mirror volume zone), $67,000-$68,300 (mirror volume zone).
Interesting altcoins
For the SAGA coin, we made a full correction to the beginning of the previous productive wave, so we consider the current structure as buyer weakness. We open a short position in the presence of a reaction at the price of $1.66, where anomalies are located on the cluster chart and cluster search
In the buying zone of $59,700-$58,600, strong volumes formed, but the reversal movement has not yet developed.
At the moment, we consider the aforementioned zone as a mirror one, and upon retesting it, we expect further decline to the next buyer's zone.
The scenario will be canceled if there is no reaction and the price goes above $60,000. In this case, we consider a long position upon retesting $59,700-$58,600.
Buying zones: $57,500-$55,000 (pushing volumes), $52,000-$50,000, $48,000.
Selling zones: $59,700-$58,600 (accumulated volumes), $64,000-$65,200 (mirror volume zone), $67,000-$68,300 (mirror volume zone).
Interesting altcoins
For the SAGA coin, we made a full correction to the beginning of the previous productive wave, so we consider the current structure as buyer weakness. We open a short position in the presence of a reaction at the price of $1.66, where anomalies are located on the cluster chart and cluster search
Unlock your potential in trading
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.