Bitcoin and altcoin overview (February 04-05)
Yesterday, our Bitcoin scenario played out immediately, with buying resuming without forming a sideways range.
By now, the $100,000–$103,000 sell zone has been tested, and we’ve seen a seller reaction. Currently, we are in the local buyer zone at $99,200–$98,000 (initiative volumes), from which we may see a reaction and continuation of the uptrend.
The overall picture looks bullish—selling from the zone has been relatively weak, and cumulative delta shows absorption of selling pressure. Additionally, all significant volumes are now positioned lower.
Sell Zone:
🔴 $107,000–$109,000 (volume anomalies)
Buy Zones:
🟢 $99,200–$98,000 (initiative volumes)
🟢 $95,000–$93,000 (volume anomalies)
🟢 $89,000–$86,300 (accumulated volumes)
Interesting Altcoins:
For ACH, we have broken the trend. If the volume zone at $0.355–$0.33 is tested and responds accordingly, we will open a long position.
By now, the $100,000–$103,000 sell zone has been tested, and we’ve seen a seller reaction. Currently, we are in the local buyer zone at $99,200–$98,000 (initiative volumes), from which we may see a reaction and continuation of the uptrend.
The overall picture looks bullish—selling from the zone has been relatively weak, and cumulative delta shows absorption of selling pressure. Additionally, all significant volumes are now positioned lower.
Sell Zone:
🔴 $107,000–$109,000 (volume anomalies)
Buy Zones:
🟢 $99,200–$98,000 (initiative volumes)
🟢 $95,000–$93,000 (volume anomalies)
🟢 $89,000–$86,300 (accumulated volumes)
Interesting Altcoins:
For ACH, we have broken the trend. If the volume zone at $0.355–$0.33 is tested and responds accordingly, we will open a long position.
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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.