Bitcoin and altcoin overview (August 13-14)
Regarding Bitcoin, we have met the scenario indicated yesterday and formed a local sideways movement with a slight expansion to the downside.
Currently, the scenario remains the same, with potential for continued rotations within the range, possibly with a false break of the local low to capture liquidity. Opening long positions at current spot prices is not recommended. The cumulative delta still indicates absorption of market buying.
Globally, a significant correction is likely, with an initial target of $80,000.
Buy zones: $77,000-$74,000 (large volume zone), $71,400-$70,800 (mirror volume zone), $63,100-$62,500 (mirror volume zone), $60,000-$59,000 (buyer activity).
Interesting altcoins.
For AVAX, a corrective phase has started. A retest of the major volume zone at $33.6-$34.8 and a reaction from it could lead to a decent short move of 10-15%.
Currently, the scenario remains the same, with potential for continued rotations within the range, possibly with a false break of the local low to capture liquidity. Opening long positions at current spot prices is not recommended. The cumulative delta still indicates absorption of market buying.
Globally, a significant correction is likely, with an initial target of $80,000.
Buy zones: $77,000-$74,000 (large volume zone), $71,400-$70,800 (mirror volume zone), $63,100-$62,500 (mirror volume zone), $60,000-$59,000 (buyer activity).
Interesting altcoins.
For AVAX, a corrective phase has started. A retest of the major volume zone at $33.6-$34.8 and a reaction from it could lead to a decent short move of 10-15%.
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Unlock your potential in trading
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.