Yesterday, we accumulated volume on Bitcoin and currently position it for a long, with a new local buyer's zone formed at $59,700-$58,600.
We are now in a balanced structure and squeezed between two volume zones, with a high probability of testing the previously mentioned local buyer's zone.
Securing above $62,000 will open the way to the next sales zone.
Buy zones: $59,700-$58,600 (accumulated volumes), $57,500-$55,000 (pushing volumes), $52,000-$50,000, $48,000.
Sell zones: $64,000-$65,200 (mirror volume zone), $67,000-$68,300 (mirror volume zone).
Interesting altcoins
For 1000RATS, a good short setup is forming with a false breakout of the round number $0.0001 and entry into the volume zone $0.000101-$0.000108, opening a short with the first target at $0.000084.
We are now in a balanced structure and squeezed between two volume zones, with a high probability of testing the previously mentioned local buyer's zone.
Securing above $62,000 will open the way to the next sales zone.
Buy zones: $59,700-$58,600 (accumulated volumes), $57,500-$55,000 (pushing volumes), $52,000-$50,000, $48,000.
Sell zones: $64,000-$65,200 (mirror volume zone), $67,000-$68,300 (mirror volume zone).
Interesting altcoins
For 1000RATS, a good short setup is forming with a false breakout of the round number $0.0001 and entry into the volume zone $0.000101-$0.000108, opening a short with the first target at $0.000084.
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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.