Bitcoin and altcoin overview(September 20-21)
Yesterday, Bitcoin continued its upward movement and reached our sales zone of $63,000-$64,300 (accumulated volume zone), from which we received a reaction.
At the moment, a correction can be expected, but within the framework of the upward trend. The decline may stop at the local low of $62,600, the new local volume zone of $62,400-$62,000, or the more global volume anomaly zone mentioned yesterday of $61,000-$60,300.
We are still moving within our long scenario and the next target for the movement will be $66,000.
Purchase zones: $62,400-$62,000 (local volume zone), $61,000-$60,300 (volume anomalies), $57,000-$56,400 (volume zone).
Sales zone and the next target for the movement: $66,100-$68,200 (volume zone).
Interesting altcoins.
For the REEF coin, we noticed large fixations that could trigger a correction.
When testing the zone of $0,00467-$0,00486 and if there is a reaction from it, we open a short with the goal of updating the local low of $0,004.
At the moment, a correction can be expected, but within the framework of the upward trend. The decline may stop at the local low of $62,600, the new local volume zone of $62,400-$62,000, or the more global volume anomaly zone mentioned yesterday of $61,000-$60,300.
We are still moving within our long scenario and the next target for the movement will be $66,000.
Purchase zones: $62,400-$62,000 (local volume zone), $61,000-$60,300 (volume anomalies), $57,000-$56,400 (volume zone).
Sales zone and the next target for the movement: $66,100-$68,200 (volume zone).
Interesting altcoins.
For the REEF coin, we noticed large fixations that could trigger a correction.
When testing the zone of $0,00467-$0,00486 and if there is a reaction from it, we open a short with the goal of updating the local low of $0,004.
Unlock your potential in trading
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.