May be its good fib 0.5 to 0.6 rejections maybe btc back aga | NTG_IS_BACK on Binance Square

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May be its good fib 0.5 to 0.6 rejections maybe btc back again 70k level 
#btc #FibonacciLevels 

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Market update- Overnight we saw Bitcon drop down to the mid $54k area where I had my limit order. A great reaction so far but no surprise to see the resistance is still $58.2k (Prev Month Low & Daily EMA200.) As this level was such a long term support it is normal to see it flip into strong resistance. A daily close above $58.2k and I will have more confidence of the bottom being in. If we continue to reject, not only have we got a significant block of orders at $45k, but there are also increasing bids in the $40k area. Although a move this low seems unlikely, we cannot ignore growing liquidity there. A great start to the week, let's make it another big one! Coins showing volatility this morning: GAL, LDO, TRX.

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HIGH RISK FUTURES ENTRY LIMIT 3% SL AFTER DCA BTC / USDT Entry Zone: 54,375 - 53,805 (DCA within this zone if price materialises.) TP1: 54,918 TP2: 55,462 TP3: 56,006 TP4: 57,093 TP5: 58,725 SL: 52,449 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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Market update- Bitcoin continued to recover yesterday, but as expected we have seen a rejection from $58.2k which is the Previous Month Low and Daily EMA200. For now I am happy to wait for a sweep of a little lower or a reclaim of $58.2k. If we accept back above this level then I expect the price to push back towards $60k where I can see there is a growing amount of sell orders. Coins showing volatility this morning: ONT, DYDX, ANKR.

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Market update- Another brutal day for Bitcoin with the price dropping over 10% since yesterdays open, losing the daily range and also the daily EMA200 for the first time since October. I mentioned yesterday that the price could drop below $55k because I was watching liquidity building... most didnt think it was possible but we have event tested below $54k this morning. Right now we are seeing a daily demand zone below acting as support. What next? If the selling pressure is not over then we have liquidity in the $52k-$50k region... I am also seeing significant orders building at $45k so this cannot be ruled out! 3 out of 3 winning trades yesterday in the Premium Group. Extra nice to profit during bad conditions so let's see what we get from here! Coins showing volatility this morning: ZEN, DYDX, LDO.

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Market update- The agressive sell off continues on Bitcoin, and the todays candle close becomes very important. If we close below $58.2k (Prev Week Low & EMA200,) then we would have lost the daily support level and range for the first time since February. This would also be the first loss of the daily EMA200 since February! If that happens, I am keeping my eye on areas below $55k, huge liquidity is building there over the past 24 hours and we know what that means! We have done very well to make nice profits through this dip, and we have ideas in place ready for the next move! Let's see what we get today, but remember the US markets are closed for Independence Day. Coins showing volatility this morning: ENS, XLM, LDO,BTC,ETH,BNB

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