Bitcoin and altcoin overview (October 03-04)
Yesterday, we validated our described scenario for Bitcoin and started trading sideways between two volume zones.
At the moment, on the cluster chart, we can observe anomalies located in the lower part of the flat. With a false breakout of $63,000, a resumption of buying up to the next selling zone is likely. In the absence of a repeated buyer reaction at the local low, the decline may continue.
Buying zones: $63,000 (lower border of the sideways range), $57,000-$56,400 (volume zone).
Selling zones: $63,450-$64,000 (volume zone) $64,300-$65,000 (mirror zone), $66,500-$68,200 (volume zone), $72,000 level (seller's market activity).
Interesting altcoins.
For DOGE coin, we have reached an important volume zone. If the long scenario for Bitcoin is realized, the potential movement for this coin will be about 25%. If the decline continues for the first cryptocurrency, this scenario is canceled.
At the moment, on the cluster chart, we can observe anomalies located in the lower part of the flat. With a false breakout of $63,000, a resumption of buying up to the next selling zone is likely. In the absence of a repeated buyer reaction at the local low, the decline may continue.
Buying zones: $63,000 (lower border of the sideways range), $57,000-$56,400 (volume zone).
Selling zones: $63,450-$64,000 (volume zone) $64,300-$65,000 (mirror zone), $66,500-$68,200 (volume zone), $72,000 level (seller's market activity).
Interesting altcoins.
For DOGE coin, we have reached an important volume zone. If the long scenario for Bitcoin is realized, the potential movement for this coin will be about 25%. If the decline continues for the first cryptocurrency, this scenario is canceled.
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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.
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.