Bitcoin and altcoin overview(August 06-07)
We are moving according to our scenario for Bitcoin. We have re-entered the zone of extreme volumes $52,000-$50,000 and received a reaction.
Currently, we are slightly above the upper similar zone, but there has not been a full consolidation yet, so at the moment, we can expect a return to lower levels. With full consolidation above, the first target will be $60,000.
Priority remains with longs.
Buying zones below: $52,000-$50,000, $48,000-$47,000 (pushing volumes), $44,000-$41,600 (accumulated volumes).
Closest selling zones: $60,000-$62,000 (accumulated volumes), $64,000-$65,200 (mirror volume zone).
Interesting altcoins
As Bitcoin dominance increased during the dip, the situations for altcoins are very similar.
For the MEW coin, the confirmed buying zone is $0,00425-$0,004. We expect a reaction from it and join the longs.
The identical situation for STMX, considering the long zone $0,00557-$0,00545.
Currently, we are slightly above the upper similar zone, but there has not been a full consolidation yet, so at the moment, we can expect a return to lower levels. With full consolidation above, the first target will be $60,000.
Priority remains with longs.
Buying zones below: $52,000-$50,000, $48,000-$47,000 (pushing volumes), $44,000-$41,600 (accumulated volumes).
Closest selling zones: $60,000-$62,000 (accumulated volumes), $64,000-$65,200 (mirror volume zone).
Interesting altcoins
As Bitcoin dominance increased during the dip, the situations for altcoins are very similar.
For the MEW coin, the confirmed buying zone is $0,00425-$0,004. We expect a reaction from it and join the longs.
The identical situation for STMX, considering the long zone $0,00557-$0,00545.
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