Bitcoin and altcoin overview (February 11-12)
We've reached the sell zone at $98,000–$99,200 (local volume zone) on Bitcoin. The move was relatively weak in terms of volume.
In the near future, we expect two possible scenarios:
1️⃣ A strong, high-volume breakout of the zone to the upside. In this case, we would look to join on the retest.
2️⃣ A rejection from the zone, leading to a deeper test of the lower buyer’s zone.
Sell Zones:
📍 $98,000–$99,200 (local volume zone)
📍 $107,000–$109,000 (volume anomalies)
Buy Zones:
📍 $95,000–$93,000 (volume anomalies)
📍 $89,000–$86,300 (accumulated volumes)
Interesting Altcoins:
For TRUMP, we are expecting the completion of a bullish reversal pattern.
There was strong absorption of selling pressure in the $16.10–$15.70 zone.
On a retest with confirmation, we plan to enter a long with a first local target of $17.30.
In the near future, we expect two possible scenarios:
1️⃣ A strong, high-volume breakout of the zone to the upside. In this case, we would look to join on the retest.
2️⃣ A rejection from the zone, leading to a deeper test of the lower buyer’s zone.
Sell Zones:
📍 $98,000–$99,200 (local volume zone)
📍 $107,000–$109,000 (volume anomalies)
Buy Zones:
📍 $95,000–$93,000 (volume anomalies)
📍 $89,000–$86,300 (accumulated volumes)
Interesting Altcoins:
For TRUMP, we are expecting the completion of a bullish reversal pattern.
There was strong absorption of selling pressure in the $16.10–$15.70 zone.
On a retest with confirmation, we plan to enter a long with a first local target of $17.30.
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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.