Bitcoin and altcoin overview(August 29-30)
For Bitcoin, we continue to trade within our buyer's zone. Yesterday, we retested the local low and were unable to go lower, which once again confirms the buyer's intentions to resume, at the very least, a local upward movement to the next selling zone.
Opening any medium-term positions is not profitable at the moment, as the risk/reward ratio is too low. Therefore, it's worth waiting for the test of the next zones and the formation of favorable entry setups.
The zones remain unchanged.
Buying zones: $59,550-$59,000 (accumulated volumes, the zone remains valid for potential rebound and retest), level $56,100, $52,000-$50,000 (volume anomalies), level $48,000.
Selling zones: $60,900-$62,000 (mirror selling zone with a slight shift in volumes), $63,000-$64,300 (accumulated volumes).
Interesting altcoins.
For the memecoin DOGS, an interesting volume zone has formed, from which we can get a strong movement.
We are considering a retest of the local high of $0.001562, and in case of a false breakout, we open a short position with potential down to $0.0013.
Opening any medium-term positions is not profitable at the moment, as the risk/reward ratio is too low. Therefore, it's worth waiting for the test of the next zones and the formation of favorable entry setups.
The zones remain unchanged.
Buying zones: $59,550-$59,000 (accumulated volumes, the zone remains valid for potential rebound and retest), level $56,100, $52,000-$50,000 (volume anomalies), level $48,000.
Selling zones: $60,900-$62,000 (mirror selling zone with a slight shift in volumes), $63,000-$64,300 (accumulated volumes).
Interesting altcoins.
For the memecoin DOGS, an interesting volume zone has formed, from which we can get a strong movement.
We are considering a retest of the local high of $0.001562, and in case of a false breakout, we open a short position with potential down to $0.0013.
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