Bitcoin and altcoin overview(August 21-22)
Yesterday, we completely ignored the local buyer's zone for Bitcoin at $60,500-$60,000 (pushing volumes). At one point, a strong seller appeared who pushed the price down in the market, so we now consider the aforementioned zone as a mirror zone, but with a slight shift.
During the fall, signs of buyer protection appeared, but at the moment there is no clear positioning for the local movement. Globally, we are still within the sideways range, with priority expectation for an upward breakout.
Selling zones: $60,450-$61,000 (mirror zone, seller's market activity), $64,000-$65,200 (mirror volume zone), $67,000-$68,300 (mirror volume zone).
Buying zones: $56,100 level, $52,000-$50,000 (volume anomalies), $48,000 level.
Interesting altcoins
For the RARE coin, we have reached a strong seller's volume zone of $0.275-$0.3, from which an initial reaction has already been received. We open a short position upon retesting these marks or upon a false breakout of the local high at $0.296.
During the fall, signs of buyer protection appeared, but at the moment there is no clear positioning for the local movement. Globally, we are still within the sideways range, with priority expectation for an upward breakout.
Selling zones: $60,450-$61,000 (mirror zone, seller's market activity), $64,000-$65,200 (mirror volume zone), $67,000-$68,300 (mirror volume zone).
Buying zones: $56,100 level, $52,000-$50,000 (volume anomalies), $48,000 level.
Interesting altcoins
For the RARE coin, we have reached a strong seller's volume zone of $0.275-$0.3, from which an initial reaction has already been received. We open a short position upon retesting these marks or upon a false breakout of the local high at $0.296.
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