Bitcoin and altcoin overview (January 29-30)
Yesterday, Bitcoin bounced off the sell zone. The movement turned out to be quite weak. The buyer has already resumed the move, but buying pressure remains even weaker compared to selling.
At the moment, we should expect another attempt from the seller around the $103,000-$105,600 zone. If the reaction is weak again, we can anticipate sideways movement followed by an ATH breakout.
For now, the priority remains with the seller.
Sell zones:
$103,000-$105,600 (accumulated volumes)
$107,000-$109,000 (volume anomalies)
Buy zones:
$97,000-$94,300 (high volumes of the global range)
$92,000-$90,000 (volume anomalies)
$89,000-$86,300 (accumulated volumes)
Interesting altcoins
For ARC, a setup for an upward move is forming. If the price enters the $0.329-$0.309 zone and shows a reaction, we open a long position.
At the moment, we should expect another attempt from the seller around the $103,000-$105,600 zone. If the reaction is weak again, we can anticipate sideways movement followed by an ATH breakout.
For now, the priority remains with the seller.
Sell zones:
$103,000-$105,600 (accumulated volumes)
$107,000-$109,000 (volume anomalies)
Buy zones:
$97,000-$94,300 (high volumes of the global range)
$92,000-$90,000 (volume anomalies)
$89,000-$86,300 (accumulated volumes)
Interesting altcoins
For ARC, a setup for an upward move is forming. If the price enters the $0.329-$0.309 zone and shows a reaction, we open a long position.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Unlock your potential in trading
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.