Bitcoin and altcoin overview (November 05-06)
Yesterday in Bitcoin, we completely filled the sell zone of $67,500–$66,800 (the highest volume of the range). We’ve already seen initial signs of a reversal. Each new update of the local low was accompanied by delta absorption from buyers.
We prioritize a move to the next sell zone; however, in a reverse scenario, the decline could continue down to $63,000.
Sell zones: $71,000 (lower boundary of a large volume zone, mirror zone), $72,000–$73,000 (zone of volume anomalies).
Buy zones: $63,100–$62,500 (mirror volume zone), $60,000–$59,000 (buyer activity).
Interesting altcoins.
For TROY, we updated an important level and formed a volume zone below. For now, we consider a scenario of continued upward movement from current prices or upon a retest of the $0.00412–$0.00395 zone. If these levels do not show a response, we will revise the scenario to a bearish one, considering this zone as a mirror sell zone.
We prioritize a move to the next sell zone; however, in a reverse scenario, the decline could continue down to $63,000.
Sell zones: $71,000 (lower boundary of a large volume zone, mirror zone), $72,000–$73,000 (zone of volume anomalies).
Buy zones: $63,100–$62,500 (mirror volume zone), $60,000–$59,000 (buyer activity).
Interesting altcoins.
For TROY, we updated an important level and formed a volume zone below. For now, we consider a scenario of continued upward movement from current prices or upon a retest of the $0.00412–$0.00395 zone. If these levels do not show a response, we will revise the scenario to a bearish one, considering this zone as a mirror sell zone.
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