Bitcoin and altcoin overview (November 06-07)
Yesterday, we saw a full reversal on Bitcoin, almost completely ignoring resistance zones and updating the previous ATH. This happened against the backdrop of preliminary election results showing D. Trump leading in the U.S. presidential race.
Currently, the maximum price of Bitcoin stands at $75,407. We've already seen a reaction from the mirror zone at $73,000–$72,000, so we don’t recommend considering it for buying again. At the $75,000 mark, signs of retention were observed in the form of volume anomalies, so on a retest and reaction from this level, a correction to the nearest buyer zone is likely.
Buying zones: $71,400–$70,800 (mirror volume zone), $63,100–$62,500 (mirror volume zone), $60,000–$59,000 (buyer activity).
Interesting altcoins.
DOGE has a similar situation to Bitcoin. A strong volume zone formed during the rise, below which we are trying to consolidate. Additionally, the cumulative delta suggests a correction. We consider a short position if there’s a reaction from the $0.205–$0.211 zone or a false breakout of the marked local high.
Currently, the maximum price of Bitcoin stands at $75,407. We've already seen a reaction from the mirror zone at $73,000–$72,000, so we don’t recommend considering it for buying again. At the $75,000 mark, signs of retention were observed in the form of volume anomalies, so on a retest and reaction from this level, a correction to the nearest buyer zone is likely.
Buying zones: $71,400–$70,800 (mirror volume zone), $63,100–$62,500 (mirror volume zone), $60,000–$59,000 (buyer activity).
Interesting altcoins.
DOGE has a similar situation to Bitcoin. A strong volume zone formed during the rise, below which we are trying to consolidate. Additionally, the cumulative delta suggests a correction. We consider a short position if there’s a reaction from the $0.205–$0.211 zone or a false breakout of the marked local high.
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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.
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.