Bitcoin and altcoin overview (January 21-22)
Yesterday, Bitcoin attempted to make a new ATH but encountered limit selling activity, after which it declined to the nearest buyer zone.
Currently, we've received an initial buyer reaction in the form of a cluster anomaly in the mentioned zone, but there is no market buyer yet. The priority scenario is the development of a weak buying wave up to the nearest resistance zones, from where sales will follow.
If a strong buyer emerges during the selling wave who will defend their positions, then a full breakout of ATH will be possible, but for now, we should expect a decline.
Selling zones: ~$105,000(pushing volume), $107,000-$109,000(volume anomalies).
Buying zones: $102,000-$99,600(volume zone), $97,400-$96,300(volume zone), $92,400-94,300(volume anomalies), $90,600-$86,300(accumulated volumes).
Interesting altcoins
For the 1000CHEEMSUSDT futures pair, we have reached the selling zone, from where we should expect a correction if there is a reaction.
Currently, we've received an initial buyer reaction in the form of a cluster anomaly in the mentioned zone, but there is no market buyer yet. The priority scenario is the development of a weak buying wave up to the nearest resistance zones, from where sales will follow.
If a strong buyer emerges during the selling wave who will defend their positions, then a full breakout of ATH will be possible, but for now, we should expect a decline.
Selling zones: ~$105,000(pushing volume), $107,000-$109,000(volume anomalies).
Buying zones: $102,000-$99,600(volume zone), $97,400-$96,300(volume zone), $92,400-94,300(volume anomalies), $90,600-$86,300(accumulated volumes).
Interesting altcoins
For the 1000CHEEMSUSDT futures pair, we have reached the selling zone, from where we should expect a correction if there is a reaction.
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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.