Bitcoin and altcoin overview(August 06-07)
We are moving according to our scenario for Bitcoin. We have re-entered the zone of extreme volumes $52,000-$50,000 and received a reaction.
Currently, we are slightly above the upper similar zone, but there has not been a full consolidation yet, so at the moment, we can expect a return to lower levels. With full consolidation above, the first target will be $60,000.
Priority remains with longs.
Buying zones below: $52,000-$50,000, $48,000-$47,000 (pushing volumes), $44,000-$41,600 (accumulated volumes).
Closest selling zones: $60,000-$62,000 (accumulated volumes), $64,000-$65,200 (mirror volume zone).
Interesting altcoins
As Bitcoin dominance increased during the dip, the situations for altcoins are very similar.
For the MEW coin, the confirmed buying zone is $0,00425-$0,004. We expect a reaction from it and join the longs.
The identical situation for STMX, considering the long zone $0,00557-$0,00545.
Currently, we are slightly above the upper similar zone, but there has not been a full consolidation yet, so at the moment, we can expect a return to lower levels. With full consolidation above, the first target will be $60,000.
Priority remains with longs.
Buying zones below: $52,000-$50,000, $48,000-$47,000 (pushing volumes), $44,000-$41,600 (accumulated volumes).
Closest selling zones: $60,000-$62,000 (accumulated volumes), $64,000-$65,200 (mirror volume zone).
Interesting altcoins
As Bitcoin dominance increased during the dip, the situations for altcoins are very similar.
For the MEW coin, the confirmed buying zone is $0,00425-$0,004. We expect a reaction from it and join the longs.
The identical situation for STMX, considering the long zone $0,00557-$0,00545.
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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.