Bitcoin and altcoins overview(Jule 18-19)
Yesterday, we started a local corrective movement in Bitcoin.
The entry into the support zone of $65,100-$64,600 did not result in a noticeable reaction, but as it went lower, the first signs of buyer defense appeared.
The situation is not so straightforward now; globally, of course, we expect the continuation of the long movement, but locally, if we cannot hold above in the near future, we can expect the formation of a balance within the volume profile framework.
Buyer zones: $61,700-$60,800 (pushing volume) $58,700-$65,200 (accumulated volume zone), $55,000-$53,900 (volume anomalies zone).
Sales zones: $68,700-$69,800 (volume anomalies), $70,500-$71,400 (accumulated volume).
Interesting altcoins.
Regarding the MAVIA coin, there is currently a lack of purchase effectiveness visible. For further upward movement development, it is necessary to test the important purchase zone of $2.54-$2.44, and if there is a reaction in this zone, we expect the resumption of purchases.
It is also possible to implement a speculative short idea targeting the designated volume zone if the upward movement develops from current prices. Scenarios are marked on the screenshot.
The entry into the support zone of $65,100-$64,600 did not result in a noticeable reaction, but as it went lower, the first signs of buyer defense appeared.
The situation is not so straightforward now; globally, of course, we expect the continuation of the long movement, but locally, if we cannot hold above in the near future, we can expect the formation of a balance within the volume profile framework.
Buyer zones: $61,700-$60,800 (pushing volume) $58,700-$65,200 (accumulated volume zone), $55,000-$53,900 (volume anomalies zone).
Sales zones: $68,700-$69,800 (volume anomalies), $70,500-$71,400 (accumulated volume).
Interesting altcoins.
Regarding the MAVIA coin, there is currently a lack of purchase effectiveness visible. For further upward movement development, it is necessary to test the important purchase zone of $2.54-$2.44, and if there is a reaction in this zone, we expect the resumption of purchases.
It is also possible to implement a speculative short idea targeting the designated volume zone if the upward movement develops from current prices. Scenarios are marked on the screenshot.
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