Bitcoin and altcoin overview(August 15-16)
Yesterday, we bounced off the marked selling zone for Bitcoin and went lower.
In the buying zone of $59,700-$58,600, strong volumes formed, but the reversal movement has not yet developed.
At the moment, we consider the aforementioned zone as a mirror one, and upon retesting it, we expect further decline to the next buyer's zone.
The scenario will be canceled if there is no reaction and the price goes above $60,000. In this case, we consider a long position upon retesting $59,700-$58,600.
Buying zones: $57,500-$55,000 (pushing volumes), $52,000-$50,000, $48,000.
Selling zones: $59,700-$58,600 (accumulated volumes), $64,000-$65,200 (mirror volume zone), $67,000-$68,300 (mirror volume zone).
Interesting altcoins
For the SAGA coin, we made a full correction to the beginning of the previous productive wave, so we consider the current structure as buyer weakness. We open a short position in the presence of a reaction at the price of $1.66, where anomalies are located on the cluster chart and cluster search
In the buying zone of $59,700-$58,600, strong volumes formed, but the reversal movement has not yet developed.
At the moment, we consider the aforementioned zone as a mirror one, and upon retesting it, we expect further decline to the next buyer's zone.
The scenario will be canceled if there is no reaction and the price goes above $60,000. In this case, we consider a long position upon retesting $59,700-$58,600.
Buying zones: $57,500-$55,000 (pushing volumes), $52,000-$50,000, $48,000.
Selling zones: $59,700-$58,600 (accumulated volumes), $64,000-$65,200 (mirror volume zone), $67,000-$68,300 (mirror volume zone).
Interesting altcoins
For the SAGA coin, we made a full correction to the beginning of the previous productive wave, so we consider the current structure as buyer weakness. We open a short position in the presence of a reaction at the price of $1.66, where anomalies are located on the cluster chart and cluster search
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