Bitcoin and altcoins overview(May 08-09)
Yesterday, we hit the local level of $62,650 on Bitcoin, which was marked in the previous post. We do not observe protection from the buyer therefore it is more likely that we will continue to decline to the next zone of $61,600-$60,300 (pushing volumes), from where we will expect a resumption of purchases.
A less likely scenario is a drop below the zone of $58,500-$57,000 (volume anomalies) and the resumption of an upward movement from these marks.
The global scenario remains in force, we received a full-fledged rebound with a false breakout of the lower boundary of the balance, so in the coming weeks we give priority to longs.
Sell zones: $66,000-$66,600 (accumulated volumes), 69,400-$71,000 (market seller aggression and absorption of purchases), $71,800-$72,500 (volume zone).
Interesting altcoins.
TRB is still in a bullish phase, which can be picked up from a correction with one of the marked zones.
For WIF, we consider the volume zone 2.7-2.6 for purchase, when reacting from it, we open a long to the lower border of the local flat 3.18.
A less likely scenario is a drop below the zone of $58,500-$57,000 (volume anomalies) and the resumption of an upward movement from these marks.
The global scenario remains in force, we received a full-fledged rebound with a false breakout of the lower boundary of the balance, so in the coming weeks we give priority to longs.
Sell zones: $66,000-$66,600 (accumulated volumes), 69,400-$71,000 (market seller aggression and absorption of purchases), $71,800-$72,500 (volume zone).
Interesting altcoins.
TRB is still in a bullish phase, which can be picked up from a correction with one of the marked zones.
For WIF, we consider the volume zone 2.7-2.6 for purchase, when reacting from it, we open a long to the lower border of the local flat 3.18.
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