Bitcoin and altcoin overview (October 04-05)
Yesterday, the scenario we described for Bitcoin was confirmed. We made a false breakout of the local low and received a bounce.
At the moment, we primarily expect the sideways movement to expand in the upward direction (testing the local high of $62,400).
So far, market purchases are quite weak, and we can't talk about a full-fledged reversal yet; we need to wait for another test of sales.
Buy zones: $57,000-$56,400 (volume zone).
Sell zones: $63,450-$64,000 (volume zone), $64,300-$65,000 (mirror zone), $66,500-$68,200 (volume zone), $72,000 level (seller market activity).
Interesting altcoins.
ORBS and TAO have similar situations. For both coins, we have broken the structure. When testing the zone of $0.0286-$0.0294 for ORBS and $530-$555 for TAO, and if there's a reaction, we open a short position.
At the moment, we primarily expect the sideways movement to expand in the upward direction (testing the local high of $62,400).
So far, market purchases are quite weak, and we can't talk about a full-fledged reversal yet; we need to wait for another test of sales.
Buy zones: $57,000-$56,400 (volume zone).
Sell zones: $63,450-$64,000 (volume zone), $64,300-$65,000 (mirror zone), $66,500-$68,200 (volume zone), $72,000 level (seller market activity).
Interesting altcoins.
ORBS and TAO have similar situations. For both coins, we have broken the structure. When testing the zone of $0.0286-$0.0294 for ORBS and $530-$555 for TAO, and if there's a reaction, we open a short position.
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