Bitcoin and altcoin overview(September 05-06)
Yesterday for Bitcoin, we saw a bounce from $56,000 and tested the selling zone of $58,000-$59,400 (mirrored volume zone), from which we expected a selling reaction.
At the moment, we have returned to the local buying zone of $56,700-$56,000, from which a repeated buyer reaction and a test of higher levels is likely.
So far, this is not a full-fledged rebound, and the indicated situation should only be traded intraday. In the medium term, we still haven't broken the downward trend, so we're waiting for the resolution.
Buying zones: $56,700-$56,000 (volume zone), $53,000-$50,000 (zone of large volume anomalies), level $48,000.
Selling zones: level: $58,700-$59,400 (mirrored volume zone, with offset), $63,000-$64,300 (zone of accumulated volumes).
Interesting altcoins.
CHZUSDT
For this coin, we broke the descending trendline and formed an interesting volume zone of $0.0495-$0.0485, from which, if there's a reaction, we open a long position with the first target of ~$0.054.
The second trading option is a false breakout of the local low at $0.0478
At the moment, we have returned to the local buying zone of $56,700-$56,000, from which a repeated buyer reaction and a test of higher levels is likely.
So far, this is not a full-fledged rebound, and the indicated situation should only be traded intraday. In the medium term, we still haven't broken the downward trend, so we're waiting for the resolution.
Buying zones: $56,700-$56,000 (volume zone), $53,000-$50,000 (zone of large volume anomalies), level $48,000.
Selling zones: level: $58,700-$59,400 (mirrored volume zone, with offset), $63,000-$64,300 (zone of accumulated volumes).
Interesting altcoins.
CHZUSDT
For this coin, we broke the descending trendline and formed an interesting volume zone of $0.0495-$0.0485, from which, if there's a reaction, we open a long position with the first target of ~$0.054.
The second trading option is a false breakout of the local low at $0.0478
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