Bitcoin and altcoin overview (November 05-06)
Yesterday in Bitcoin, we completely filled the sell zone of $67,500–$66,800 (the highest volume of the range). We’ve already seen initial signs of a reversal. Each new update of the local low was accompanied by delta absorption from buyers.
We prioritize a move to the next sell zone; however, in a reverse scenario, the decline could continue down to $63,000.
Sell zones: $71,000 (lower boundary of a large volume zone, mirror zone), $72,000–$73,000 (zone of volume anomalies).
Buy zones: $63,100–$62,500 (mirror volume zone), $60,000–$59,000 (buyer activity).
Interesting altcoins.
For TROY, we updated an important level and formed a volume zone below. For now, we consider a scenario of continued upward movement from current prices or upon a retest of the $0.00412–$0.00395 zone. If these levels do not show a response, we will revise the scenario to a bearish one, considering this zone as a mirror sell zone.
We prioritize a move to the next sell zone; however, in a reverse scenario, the decline could continue down to $63,000.
Sell zones: $71,000 (lower boundary of a large volume zone, mirror zone), $72,000–$73,000 (zone of volume anomalies).
Buy zones: $63,100–$62,500 (mirror volume zone), $60,000–$59,000 (buyer activity).
Interesting altcoins.
For TROY, we updated an important level and formed a volume zone below. For now, we consider a scenario of continued upward movement from current prices or upon a retest of the $0.00412–$0.00395 zone. If these levels do not show a response, we will revise the scenario to a bearish one, considering this zone as a mirror sell zone.
Unlock your potential in trading
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.