Bitcoin and altcoins overview(May 16-17)
We have already made a true breakthrough of the upper border of the range marked yesterday for Bitcoin, and now we are in the sales zone of $66,000-$66,600 (accumulated volumes).
We received a price response from the zone and a slight correction is possible, but the main target for the movement now is a price of ~$70,000.
The breakout formed a strong zone with pushing volumes of $63,500-$64,500, when the price approaches these marks, we look at Bitcoin for the continuation of longs.
Seller zones: $69,400-$71,000 (market aggression of the seller and absorption of purchases), $71,800-$72,500 (volume zone).
Buyer zones: $63,500-$64,500 (pushing volumes), $61,200-$60,400 (volume zone remains) $58,500-$57,000 (volume anomalies).
Interesting altcoins.
High looks weakening for the continuation of the movement. A breakout of the sloping line in the downward direction is possible. To try to take this movement we wait for false headlines of local tops, or we look for sales after the direct breakout of the sloping line.
AEVO situation with high risk. Huge liquidations were formed during the fall, all anomalies were located in the marked zone $0.855-$0.82. After securing the price higher and retesting in the marked zone, we look at the continuation of the long.
We received a price response from the zone and a slight correction is possible, but the main target for the movement now is a price of ~$70,000.
The breakout formed a strong zone with pushing volumes of $63,500-$64,500, when the price approaches these marks, we look at Bitcoin for the continuation of longs.
Seller zones: $69,400-$71,000 (market aggression of the seller and absorption of purchases), $71,800-$72,500 (volume zone).
Buyer zones: $63,500-$64,500 (pushing volumes), $61,200-$60,400 (volume zone remains) $58,500-$57,000 (volume anomalies).
Interesting altcoins.
High looks weakening for the continuation of the movement. A breakout of the sloping line in the downward direction is possible. To try to take this movement we wait for false headlines of local tops, or we look for sales after the direct breakout of the sloping line.
AEVO situation with high risk. Huge liquidations were formed during the fall, all anomalies were located in the marked zone $0.855-$0.82. After securing the price higher and retesting in the marked zone, we look at the continuation of the long.
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