V HIGH RISK I SCALPED LONG $SSV 35.10 TP1: 35.45 TP2: 35.80 | NTG_IS_BACK on Binance Square

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V HIGH RISK I SCALPED LONG $SSV 35.10
TP1: 35.45
TP2: 35.80
TP3: 36.15
TP4: 36.85
TP5: 37.90
SL: 33.63 (4%)

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SSV

20.63

+0.93%

750

0

Replies 0

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Market update- So far this weekend Bitcoin is looking strong above $66.4k, with every 4 hour candle closing above that level, with $67.3k proving to be strong resistance. We should not ignore this bearish divergence that has been developing over recent days- as BTC has been making higher highs, the RSI has been making lower highs. Having said this, I would not be surpised to see a push up to $68k first before a correction as there is still some unswept liquidity in that area. Potential volatility as we head into the weekly close. Coins showing volatility this morning: ZEC, BAND, RSR.

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Market update- Bitcoin is showing signs that $62.7k (Monthly Open) will become 4 hour support. After this morning's rejection of $65k we now have 4 hour supply at $64.4k, just under the Monday High, which is likely to be significant resistance. We are starting to see Mt Gox move significant amounts of BTC around, so there is a little uncertainty from this FUD. Be aware that this could cause some bearish momentum and we do have some key levels below that have not been retested since the breakout- most significantly $61.4k (Prev Week High & 4hr EMA200.) The Monday range this week is $60.6k - $64.8k. Coins showing volatility this morning: ZEC, AAVE, MKR.

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Market update- For the first time in over a month Bitcoin is trading above the 4hr EMA200 (yellow line.) We have seen the bullish momentum continue throughout the weekend, and the price is now 15%+ up from our perfect bottom snipe last week. The price now looks to be consolidating around $62.7k monthly open level. For now I am happy to let the Monday range develop, and looking for a reaction on a retest of the 4hr EMA200. A word of warning- BTC has created a huge CME gap this weekend and if this is to be closed it means a move down to $57.9k. Let's keep the run going and have another great week of trading! Coins showing volatility this morning: ZEN, XRP, UNFI.

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Market update- Looking at the 4hr chart we can see Bitcoin is making another move towards $59.1k (DM VAH.) If we get 4 hour acceptance above this then we could see a move back over $60k happen very quickly. The German government is out of Bitcoin now, so the selling pressure there has stopped, but we still have to be cautious of low weekend volumes and the fact that $58.2k is still daily resistance. Although it has been a slow week for the market, we have taken profit on every trade so I do not want to throw that away by being reckless over the weekend, but I am actively looking for solid opportunities. Coins showing volatility this morning: XLM, HOT, COTI.

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HIGH RISK FUTURES ENTRY LIMIT 5% SL AFTER DCA LINK / USDT Entry Zone: 12.411 - 12.220 (DCA within this zone if price materialises.) TP1: 12.535 TP2: 12.659 TP3: 12.783 TP4: 13.031 TP5: 13.403 SL: 11.705 Manage Leverage and risk. Expose no more than 2-3% of wallet in the trade. Not financial advice. All trades are at your own risk.

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