Bitcoin and altcoin overview (December 26-27)
Yesterday, Bitcoin got squeezed into an even tighter sideways range near the upper boundary of the range.
A full false breakout of the $99,600 level with liquidity capture did not follow.
At the moment, we have transitioned to a decline. On the cumulative delta, we observe absorption of sells through limit orders, therefore we prioritize expecting a resumption of buying through a false breakout of the lower boundary at $92,300 or upon formation of a signal within the range.
Buy zones: level $92,300 (local low), ~$80,000 (volume anomaly), $77,000-$74,000 (major volume zone).
Sell zone: $100,000-$102,000 (mirror volume zone).
Interesting altcoins
For KOMA below we have 2 strong volume zones $0.146-$0.134 and $0.121-$0.116, upon testing them and seeing a reaction we open a long position.
A full false breakout of the $99,600 level with liquidity capture did not follow.
At the moment, we have transitioned to a decline. On the cumulative delta, we observe absorption of sells through limit orders, therefore we prioritize expecting a resumption of buying through a false breakout of the lower boundary at $92,300 or upon formation of a signal within the range.
Buy zones: level $92,300 (local low), ~$80,000 (volume anomaly), $77,000-$74,000 (major volume zone).
Sell zone: $100,000-$102,000 (mirror volume zone).
Interesting altcoins
For KOMA below we have 2 strong volume zones $0.146-$0.134 and $0.121-$0.116, upon testing them and seeing a reaction we open a long position.
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