Bitcoin and altcoin analytics(April 16-17)
Regarding Bitcoin, as predicted yesterday, we have received another wave of sales and have now come into our area of interest $63,000-$61,600, from which we are already getting a buyer's reaction.
So far everything does not look so rosy in favor of the buyer, the market reaction is undoubtedly present, but we can talk about a full-fledged change in the local trend when it is fixed above $64,000.
If such a scenario is implemented, the intermediate target is the local level of $67,000 and further sales areas: $69,400-$71,000 (market aggression of the seller and absorption of purchases), $71,800-$72,500 (volume zone)
In the reverse short scenario, we look at the false breakout of levels 60,700 and 59,000 and also consider a long.
Only with a true breakout of these marks will the global trend change to a downward one.
Interesting altcoins
At the moment, Bitcoin's dominance is very high, so almost all further directions for altcoins depend on it, so we do not advise opening ideological, long positions in the current market.
All attention is now focused on Bitcoin, so if you are not trading intraday, then take a break from trading.
So far everything does not look so rosy in favor of the buyer, the market reaction is undoubtedly present, but we can talk about a full-fledged change in the local trend when it is fixed above $64,000.
If such a scenario is implemented, the intermediate target is the local level of $67,000 and further sales areas: $69,400-$71,000 (market aggression of the seller and absorption of purchases), $71,800-$72,500 (volume zone)
In the reverse short scenario, we look at the false breakout of levels 60,700 and 59,000 and also consider a long.
Only with a true breakout of these marks will the global trend change to a downward one.
Interesting altcoins
At the moment, Bitcoin's dominance is very high, so almost all further directions for altcoins depend on it, so we do not advise opening ideological, long positions in the current market.
All attention is now focused on Bitcoin, so if you are not trading intraday, then take a break from trading.
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