Will Bitcoin Start Bloodbath in Mar or Everything Will Be Fine?!
#BTCUSDT
BTC Got the monthly close at $45K based on what we mentioned on 21 Feb in this update (If BTC closed below 44K monthly this will indicate a start for retracement movement, if not and closed above 50K this will be nice for bulls.)
and this update on 23 Feb
(to say's BTC will go to $60K/68K/ maybe higher we need to see two confirmation signs,
first, daily/weekly close above $56K
second, monthly close at 53/55K)
So what now?! Do we will see a bloodbath in March or everything will be fine, and BTC will rise again ?!
To provide a clear and specific answer, we must have signs from the chart to support our answer (which is very logical), or we have crystal balls and know what will happen in the future.And we agree with the first thing,
So let us explain what happens on the chart!!
if we started with the Monthly frame we can notice easily these long wicks which indicate weeknes for bulls to keep the progress they achieved until the end of the month ( Which shows a clear weakness for bulls)
The weekly frame shows a full red candle with -25% that`s a regular thing in crypto, but in trading terms, it means weakness for bulls. and It shows Bears attempts.
The daily time frame showing bearish sub-trend started from $58K and BTC still respects it and moves below without breakout yet!!
What do we extract from all this?
The chart shows that the bulls are weak especially with these clear wicks in monthly TF, and when we say the chart we only talking about what we see here and not anything else.
Bulls confirmations:
Current local resistance located at $51/53K and if the bulls push prices above it and make weekly candle closes above those levels during this month this will be the first confirmation from them to clarify their intentions also this will give a new impetus to traders.
final confirmation is to reclaim $56K again and close above it weekly, and this will turn on fomo again.
( if this not happened, we have two option)
first is sideways movement during Mar between 40/50K ( this will be very nice for alts)
The second is a breakdown and reach the major point at $33/30K and it will be an explicit message from the bears that they're here.
What should you pay more attention to?
you should focus on your trading plan/risk management/ be ready for anything and everything, And don't be biased( Just Trade What’s Happening… Not What You Think Is Gonna Happen) and you will be fine.
an example we were waiting for the $42/37K zone to fill our orders but prices show $44/43 as a stable area so we applied this rule and traded what happen and fill it from 44/43KK.
Biased view,
we looking for a bounce from $47/49K and a drop below $44K again this view will fail if BTC closed above 51K daily.
Remember,
The person who is obsessed with bullish thought can extract 10000 scenarios for bullish movement and the same with a bearish person.
for us, we extract both sides and we define the best buy /sell zone and trade based on that, and what we care about is what happens.
Ps:
We don't short btc or using leverage or trading BLV tokens!! our signals for spot trading only.
Also, The TA updates is an explanation for market movement(not mean buy or sell) We will tell you to buy or not through a clear signal with clear targets and stop-loss risk management, etc, not anything else.
This is not financial advice, The purpose of these Charts to give you an idea about coin movement (not buy or sell signal) so before following any idea be sure to do your own research, and follow your risk management. Also, the information we mentioned here is a personal effort that is subject to success or failure and we welcome constructive criticism.
Press "like button" and leaving your "comments" below our ideas is a great and supports us provide more ideas.❤️
Good luck to all.
we ask Allah reconcile and repay🙏
BTC Got the monthly close at $45K based on what we mentioned on 21 Feb in this update (If BTC closed below 44K monthly this will indicate a start for retracement movement, if not and closed above 50K this will be nice for bulls.)
and this update on 23 Feb
(to say's BTC will go to $60K/68K/ maybe higher we need to see two confirmation signs,
first, daily/weekly close above $56K
second, monthly close at 53/55K)
So what now?! Do we will see a bloodbath in March or everything will be fine, and BTC will rise again ?!
To provide a clear and specific answer, we must have signs from the chart to support our answer (which is very logical), or we have crystal balls and know what will happen in the future.And we agree with the first thing,
So let us explain what happens on the chart!!
if we started with the Monthly frame we can notice easily these long wicks which indicate weeknes for bulls to keep the progress they achieved until the end of the month ( Which shows a clear weakness for bulls)
The weekly frame shows a full red candle with -25% that`s a regular thing in crypto, but in trading terms, it means weakness for bulls. and It shows Bears attempts.
The daily time frame showing bearish sub-trend started from $58K and BTC still respects it and moves below without breakout yet!!
What do we extract from all this?
The chart shows that the bulls are weak especially with these clear wicks in monthly TF, and when we say the chart we only talking about what we see here and not anything else.
Bulls confirmations:
Current local resistance located at $51/53K and if the bulls push prices above it and make weekly candle closes above those levels during this month this will be the first confirmation from them to clarify their intentions also this will give a new impetus to traders.
final confirmation is to reclaim $56K again and close above it weekly, and this will turn on fomo again.
( if this not happened, we have two option)
first is sideways movement during Mar between 40/50K ( this will be very nice for alts)
The second is a breakdown and reach the major point at $33/30K and it will be an explicit message from the bears that they're here.
What should you pay more attention to?
you should focus on your trading plan/risk management/ be ready for anything and everything, And don't be biased( Just Trade What’s Happening… Not What You Think Is Gonna Happen) and you will be fine.
an example we were waiting for the $42/37K zone to fill our orders but prices show $44/43 as a stable area so we applied this rule and traded what happen and fill it from 44/43KK.
Biased view,
we looking for a bounce from $47/49K and a drop below $44K again this view will fail if BTC closed above 51K daily.
Remember,
The person who is obsessed with bullish thought can extract 10000 scenarios for bullish movement and the same with a bearish person.
for us, we extract both sides and we define the best buy /sell zone and trade based on that, and what we care about is what happens.
Ps:
We don't short btc or using leverage or trading BLV tokens!! our signals for spot trading only.
Also, The TA updates is an explanation for market movement(not mean buy or sell) We will tell you to buy or not through a clear signal with clear targets and stop-loss risk management, etc, not anything else.
This is not financial advice, The purpose of these Charts to give you an idea about coin movement (not buy or sell signal) so before following any idea be sure to do your own research, and follow your risk management. Also, the information we mentioned here is a personal effort that is subject to success or failure and we welcome constructive criticism.
Press "like button" and leaving your "comments" below our ideas is a great and supports us provide more ideas.❤️
Good luck to all.
we ask Allah reconcile and repay🙏
Comment:
#BTCUSDT ( Short-term update)
now bulls reached a critical point at $52K but they stopped and price dumped by -4%, if they failed to close above it with a full bullish candle this will mean BTC will retest $48/46K again, but if they did that and confirm breakout this will support the upward movement to $54/$56K!! and this will mean also our biased view for the bearish side fails
Our biased view does not mean that we do not trade the movement and what charts provide. This is a completely different matter.
What is the prediction? and what the benefit of it?! more explanation here ....
Signals update:
we holding 25% of this scalping signal from $44/43K Sl at entry
Scalping from 46750 ( canceled) due to the price rebound from 47070 before active it.
Good luck to all.
🙏we ask Allah reconcile and repay🙏
now bulls reached a critical point at $52K but they stopped and price dumped by -4%, if they failed to close above it with a full bullish candle this will mean BTC will retest $48/46K again, but if they did that and confirm breakout this will support the upward movement to $54/$56K!! and this will mean also our biased view for the bearish side fails
Our biased view does not mean that we do not trade the movement and what charts provide. This is a completely different matter.
What is the prediction? and what the benefit of it?! more explanation here ....
Signals update:
we holding 25% of this scalping signal from $44/43K Sl at entry
Scalping from 46750 ( canceled) due to the price rebound from 47070 before active it.
Good luck to all.
🙏we ask Allah reconcile and repay🙏
Comment:
#BTCUSDT (short-term update)
BTC dropped from $52K to $48/46K and followed the last update and also it activated scalping limits we posted at( $48/46K) but looks like the bulls Lacking momentum to show a strong rebound from that area!!
Current movement at 4H TF shows a chance for H&S (right shoulder) from this zone at 48/46K which means if bulls succeed to hold prices above $46K, BTC will have a chance for a rebound to $49/50K!!,
,the midday movement will tell us about that !!
if Bulls fails to hold at this zone, then the next support located at $43/40K zone
About scalping trade from $48/46K, entry AVG was $47500 and stop-loss at $45950 i give this trade 50/50 based on current performance to see it rebound!! So be sure you follow risk management as we mentioned, prices still move in the buy zone!! ( Only for Pro traders)
Good luck to all.
🙏we ask Allah reconcile and repay🙏
BTC dropped from $52K to $48/46K and followed the last update and also it activated scalping limits we posted at( $48/46K) but looks like the bulls Lacking momentum to show a strong rebound from that area!!
Current movement at 4H TF shows a chance for H&S (right shoulder) from this zone at 48/46K which means if bulls succeed to hold prices above $46K, BTC will have a chance for a rebound to $49/50K!!,
,the midday movement will tell us about that !!
if Bulls fails to hold at this zone, then the next support located at $43/40K zone
About scalping trade from $48/46K, entry AVG was $47500 and stop-loss at $45950 i give this trade 50/50 based on current performance to see it rebound!! So be sure you follow risk management as we mentioned, prices still move in the buy zone!! ( Only for Pro traders)
Good luck to all.
🙏we ask Allah reconcile and repay🙏
Comment:
#BTC Short-term movement
Bulls did it and BTC rebounded from $46K to $495XX( top of right shoulder zone)
The current movement show some weakness from $495XX and the price started to pull back slowly, for the next 36H, we look to $49/46 as a trading range for BTC (sideways)
About trading range between 56k/$40K,
The Bullish limit is located at $52K, close above it daily mean $54/$56K
The Bearish limit is located at $45K, close below it daily means $43/40K
Current action:
watching price performance for the next 36H and if we got any scalping chance we will share with you.
Signals updates:
Scalping from $435XX we still hold 25% SL at entry
Scalping from $475XX we sold 50% at TP1 and HOLD 50% Sl at entry
Good luck to all.
🙏we ask Allah reconcile and repay🙏
Bulls did it and BTC rebounded from $46K to $495XX( top of right shoulder zone)
The current movement show some weakness from $495XX and the price started to pull back slowly, for the next 36H, we look to $49/46 as a trading range for BTC (sideways)
The Bullish limit is located at $52K, close above it daily mean $54/$56K
The Bearish limit is located at $45K, close below it daily means $43/40K
Current action:
watching price performance for the next 36H and if we got any scalping chance we will share with you.
Signals updates:
Scalping from $435XX we still hold 25% SL at entry
Scalping from $475XX we sold 50% at TP1 and HOLD 50% Sl at entry
Good luck to all.
🙏we ask Allah reconcile and repay🙏
Comment:
#BTCUSDT ( Short-term movmement) update
Current movement showing $51/52K as current resistance range and we looking for a pullback from it to $49500/48500 (CME GAP)
Current action:
Although rebound signs from $47K were very clear and easy to notice we didn`t post a scalping signal for you as usual due to we got busy, that was easy enough for anyone who was read the last update and can read the chart signs to buy btc from there.
right now, we will track performance at 49500/48500 to decide if we will rebuy or wait.
Signals updates
from $435XX still active and we hold 25%
from $475XX over hit sl at entry
Good luck to all.
🙏we ask Allah reconcile and repay🙏
Current movement showing $51/52K as current resistance range and we looking for a pullback from it to $49500/48500 (CME GAP)
Current action:
Although rebound signs from $47K were very clear and easy to notice we didn`t post a scalping signal for you as usual due to we got busy, that was easy enough for anyone who was read the last update and can read the chart signs to buy btc from there.
right now, we will track performance at 49500/48500 to decide if we will rebuy or wait.
Signals updates
from $435XX still active and we hold 25%
from $475XX over hit sl at entry
Good luck to all.
🙏we ask Allah reconcile and repay🙏
Comment:
#BTCUSDT (Midterm movment ) Update.
Once again bulls showing how they are strong to keep prices holding above bearish limits and push it up again, this was clearly at the last movement above 46/45K sub-support levels.
However, BTC still moves below 52K minor resistance the effect of breaking out this resistance and close above it daily will show how bulls are looking for more upward movement, cuz of confirming the breakout for this level will give a good sign for $54/$56K as next bull targets. Ps: A Breakout of $52K(Daily) is a good sign but not mean the bulls have full dominance yet, they have to breakout $56K (Daily/weekly) and show how they are strong if they looking for a new ATH.
On the other side, Bears trying as much as possible to keep the price below the minor downtrend and prevent the bulls from advancing, if we zoom out the chart we will see BTC ranging between $58/$43K clearly inside down-channel and no breakout for upper trend (located at $52K)yet, and with the wicks on monthly TF, we can indicate how bears trying hard to overcome bulls.
Such as these sideways/correction movements at the upside trend, is indicate how whales and smart capital are booking their profits slowly, they don`t wait for the top to sell all that they have and with the leverage they borrow and repay they don't need to sell everything, things became easier for them.
We mentioned the most important levels above and below the current trading range at this snapshot
You check from here
Conclusion:
The main trend still bullish all of us know that, and bulls still trying to show how they are strong and they are still dominant, but although that, they have to show this at the chart, and if they fail to do everyone will change their perspectives, and take the bearish side.
My personal opinion(Biased view, Subject to fail)
As a trader, I'm taking the bearish side and this will change once BTC closes above 56K weekly, and if they achieved a new ATH i see a big drop coming after it. So I am very careful when i trading and i do not let FOMO dominate me and fud as well. even I`m bearish i traded btc from 435XXK and 47K as well and every chance with good R:R i will try to take it, due to i can't impose what i want to happen, that's all.
Ps:
You do not have to worry about what I think, but you do have to worry about what is happening and what you can trade on based on it.
Good luck to all.
🙏we ask Allah reconcile and repay🙏
Once again bulls showing how they are strong to keep prices holding above bearish limits and push it up again, this was clearly at the last movement above 46/45K sub-support levels.
However, BTC still moves below 52K minor resistance the effect of breaking out this resistance and close above it daily will show how bulls are looking for more upward movement, cuz of confirming the breakout for this level will give a good sign for $54/$56K as next bull targets. Ps: A Breakout of $52K(Daily) is a good sign but not mean the bulls have full dominance yet, they have to breakout $56K (Daily/weekly) and show how they are strong if they looking for a new ATH.
On the other side, Bears trying as much as possible to keep the price below the minor downtrend and prevent the bulls from advancing, if we zoom out the chart we will see BTC ranging between $58/$43K clearly inside down-channel and no breakout for upper trend (located at $52K)yet, and with the wicks on monthly TF, we can indicate how bears trying hard to overcome bulls.
Such as these sideways/correction movements at the upside trend, is indicate how whales and smart capital are booking their profits slowly, they don`t wait for the top to sell all that they have and with the leverage they borrow and repay they don't need to sell everything, things became easier for them.
We mentioned the most important levels above and below the current trading range at this snapshot
You check from here
Conclusion:
The main trend still bullish all of us know that, and bulls still trying to show how they are strong and they are still dominant, but although that, they have to show this at the chart, and if they fail to do everyone will change their perspectives, and take the bearish side.
My personal opinion(Biased view, Subject to fail)
As a trader, I'm taking the bearish side and this will change once BTC closes above 56K weekly, and if they achieved a new ATH i see a big drop coming after it. So I am very careful when i trading and i do not let FOMO dominate me and fud as well. even I`m bearish i traded btc from 435XXK and 47K as well and every chance with good R:R i will try to take it, due to i can't impose what i want to happen, that's all.
Ps:
You do not have to worry about what I think, but you do have to worry about what is happening and what you can trade on based on it.
Good luck to all.
🙏we ask Allah reconcile and repay🙏
Comment:
7Mar
#BTC (short-term movement update)
The bitcoin chart shows price rejection from $515XX as we mentioned above. right now, $49500/48500 is minor support if Bulls hold and the new week opened with a strong bullish candle we will see price breakout $52K and reach $54/56K.
But if bulls fail and bears woke up and broke $48500 then the price will dump once again to $47000/46500 and shows another H&S pattern at 1H TF.
Current action,
We will track the price performance at $49500/48500 to decide if we will buy from it or wait for a lower point.
My personal opinion(Biased view, Subject to fail)
i expect the price will down to $47000/46500.
Ps:
We don't short btc or using leverage or trading BLV tokens!! our signals for spot trading only.
Also, The TA updates is an explanation for market movement(not mean buy or sell) We will tell you to buy or not through a clear signal with clear targets and stop-loss risk management, etc, not anything else.
Good luck to all.
🙏we ask Allah reconcile and repay🙏
#BTC (short-term movement update)
The bitcoin chart shows price rejection from $515XX as we mentioned above. right now, $49500/48500 is minor support if Bulls hold and the new week opened with a strong bullish candle we will see price breakout $52K and reach $54/56K.
But if bulls fail and bears woke up and broke $48500 then the price will dump once again to $47000/46500 and shows another H&S pattern at 1H TF.
Current action,
We will track the price performance at $49500/48500 to decide if we will buy from it or wait for a lower point.
My personal opinion(Biased view, Subject to fail)
i expect the price will down to $47000/46500.
Ps:
We don't short btc or using leverage or trading BLV tokens!! our signals for spot trading only.
Also, The TA updates is an explanation for market movement(not mean buy or sell) We will tell you to buy or not through a clear signal with clear targets and stop-loss risk management, etc, not anything else.
Good luck to all.
🙏we ask Allah reconcile and repay🙏
Comment:
9 Mar
#BTCUSDT ( Short-term movmement) update
In previous updates, we referred to $49500/48500 as a critical zone for bulls, and from this area, they will decide to breakout, or bears will beat them!! and we will decide to buy more or wait, actually, there was a written update from $49700, but unfortunately, the msg didn`t send due to a sudden matter.
Current movement, Shows how the bulls defended well about 49K zone and they succeed in breakout the $52K zone and achieved the first target above it at 54K!! and shows the next step for them located at $56K and this will be the final step for bulls to confirm new ATH around $60/63/66K if they closed above $56/57 weekly!!
If bulls failing to do that, It would tip the scales in favor of Bears, and if prices back below 49K again this will be a clear sign of bulls weakness.
Important levels for now,
Resistance levels
$56500
$58500
$60350
Support levels
$51000
$49000
Current action,
$51/50K flipped and it works now as current support for bulls if we got any retrace from it probably we will add another new buy limit.
My personal opinion(Biased view, Subject to fail)
in the last update, i mentioned i was looking for 47/46K, and as you see this biased view totally failed, although that, i opened another long position for btc at 498XX, due to that clear stability at this zone.
Current signal update
Scalping from $435XX still active and we hold 25%
from $475XX over hit sl at entry after TP1
Good luck to all.
🙏we ask Allah reconcile and repay🙏
#BTCUSDT ( Short-term movmement) update
In previous updates, we referred to $49500/48500 as a critical zone for bulls, and from this area, they will decide to breakout, or bears will beat them!! and we will decide to buy more or wait, actually, there was a written update from $49700, but unfortunately, the msg didn`t send due to a sudden matter.
Current movement, Shows how the bulls defended well about 49K zone and they succeed in breakout the $52K zone and achieved the first target above it at 54K!! and shows the next step for them located at $56K and this will be the final step for bulls to confirm new ATH around $60/63/66K if they closed above $56/57 weekly!!
If bulls failing to do that, It would tip the scales in favor of Bears, and if prices back below 49K again this will be a clear sign of bulls weakness.
Important levels for now,
Resistance levels
$56500
$58500
$60350
Support levels
$51000
$49000
Current action,
$51/50K flipped and it works now as current support for bulls if we got any retrace from it probably we will add another new buy limit.
My personal opinion(Biased view, Subject to fail)
in the last update, i mentioned i was looking for 47/46K, and as you see this biased view totally failed, although that, i opened another long position for btc at 498XX, due to that clear stability at this zone.
Current signal update
Scalping from $435XX still active and we hold 25%
from $475XX over hit sl at entry after TP1
Good luck to all.
🙏we ask Allah reconcile and repay🙏
Comment:
13 Mar
#BTCUSDT update ( Short-term movement )
Bulls speeded up their movements and reached $ 60,000 before the end of the week right after the outbreak of $ 56,000 !!
The current movement shows $60XXX as the first resistance in the new ATH list and until the current moment bulls still dominant, as long they are holding above $55K daily.
for now, we look for a bounce from the $60/61K zone to $57K (CME GAP) as short-term movement, and if bulls show good performance there and hold above $55K this will be good, and probably the new weekly candle will achieve the rest ATH levels at $63/66K(Max 73K)
But if the current weekly candle closed below 56K and in next week candle bulls shows weakness and the price fell below levels $50K, this has nothing to explain, this only mean bears are revenge!!
Current action,
add $57/56 to your watchlist as current sub-support for bulls and track performance from it.
The Important levels in current time,
Resistance levels,
$61450
$64200
$67400
Support levels,
$55350
$51250
$47255
My personal opinion(Biased view, Subject to fail)
The weekly close above 56K will be good confirmation for bulls. and as long as they didn't do that yet, I trade with caution.i have two bearish scenarios in my mind
- Shark pattern(2B pattern) from 61/63K and hard dump
-another wick at monthly and closing at 56K by end of Mar
During that, i trade what happening with caution.
Current signal update
Scalping from $435XX still active and we hold 25%
sell half if you hold at current zone $60/61K
and keep rest equal 12.5%
move sl to $47K
Good luck to all.
🙏we ask Allah reconcile and repay🙏
#BTCUSDT update ( Short-term movement )
Bulls speeded up their movements and reached $ 60,000 before the end of the week right after the outbreak of $ 56,000 !!
The current movement shows $60XXX as the first resistance in the new ATH list and until the current moment bulls still dominant, as long they are holding above $55K daily.
for now, we look for a bounce from the $60/61K zone to $57K (CME GAP) as short-term movement, and if bulls show good performance there and hold above $55K this will be good, and probably the new weekly candle will achieve the rest ATH levels at $63/66K(Max 73K)
But if the current weekly candle closed below 56K and in next week candle bulls shows weakness and the price fell below levels $50K, this has nothing to explain, this only mean bears are revenge!!
Current action,
add $57/56 to your watchlist as current sub-support for bulls and track performance from it.
The Important levels in current time,
Resistance levels,
$61450
$64200
$67400
Support levels,
$55350
$51250
$47255
My personal opinion(Biased view, Subject to fail)
The weekly close above 56K will be good confirmation for bulls. and as long as they didn't do that yet, I trade with caution.i have two bearish scenarios in my mind
- Shark pattern(2B pattern) from 61/63K and hard dump
-another wick at monthly and closing at 56K by end of Mar
During that, i trade what happening with caution.
Current signal update
Scalping from $435XX still active and we hold 25%
sell half if you hold at current zone $60/61K
and keep rest equal 12.5%
move sl to $47K
Good luck to all.
🙏we ask Allah reconcile and repay🙏
Comment:
15 Mar
#BTCUSDT update ( Short-term movement )
As we saw BTC stopped at 60/61K zone and bounced to $57K/55K as we mentioned in the previous update.
The Current movement shows $57500K/$58500 as Key support for bulls, even if the price moving below it in the current time, bulls have to push the price above this level again before the daily close if they want to show absolute powers.
Why closing above $58500 is very important for the bulls?!
Cuz the closing below this level daily will confirm these bearish scenarios we talked about previously(Shark/2B pattern) so if bulls fail to reclaim this level before daily close, the chart will give a clear sign for bears to start a new fight, but this time it comes with classic patterns support, surly these patterns can fail, and this happened many times, but the bearish pattern from ATH this looks like as a golden opportunity for bears, and that prompts you to be very careful.
Current action,
Eyes on the daily close, also we traded btc from $55xxx K zone as a scalping trade and we will try to post any scalping chance that has a good R: R.
The Important levels in current time,
Resistance levels,
$58500
$61450
$64200
$67400
Support levels,
$55350
$51250
$47255
My personal opinion(Biased view, Subject to fail),
Previously i talked about two bearish scenarios in my mind
1- Shark pattern(2B pattern) from 61/63K and hard dump
2-another wick at monthly and closing at 56K by end of Mar During that, i trade what happening with caution.
The current movement shows a dump from $61K and a ray of hope to see those patterns begin to take shape!! so Im still bearish and i see targets for this bearish wave at $42K/31K/24K, during that i trade what happens, cuz it's impossible to force what I want or make it happen. this view will fail by closing above 59 daily and shark pattern fail by breakout $68k weekly
Current signal update
Scalping from $435XX still active and we hold 12.5%
we sold 12.5% at $60/61K and kept 12.5% SL at 47K
Scalping from $555XX still active
we sold 25% at 563XX, TP2 57500 25% also and hold 50%
Good luck to all.
🙏we ask Allah reconcile and repay🙏
#BTCUSDT update ( Short-term movement )
As we saw BTC stopped at 60/61K zone and bounced to $57K/55K as we mentioned in the previous update.
The Current movement shows $57500K/$58500 as Key support for bulls, even if the price moving below it in the current time, bulls have to push the price above this level again before the daily close if they want to show absolute powers.
Why closing above $58500 is very important for the bulls?!
Cuz the closing below this level daily will confirm these bearish scenarios we talked about previously(Shark/2B pattern) so if bulls fail to reclaim this level before daily close, the chart will give a clear sign for bears to start a new fight, but this time it comes with classic patterns support, surly these patterns can fail, and this happened many times, but the bearish pattern from ATH this looks like as a golden opportunity for bears, and that prompts you to be very careful.
Current action,
Eyes on the daily close, also we traded btc from $55xxx K zone as a scalping trade and we will try to post any scalping chance that has a good R: R.
The Important levels in current time,
Resistance levels,
$58500
$61450
$64200
$67400
Support levels,
$55350
$51250
$47255
My personal opinion(Biased view, Subject to fail),
Previously i talked about two bearish scenarios in my mind
1- Shark pattern(2B pattern) from 61/63K and hard dump
2-another wick at monthly and closing at 56K by end of Mar During that, i trade what happening with caution.
The current movement shows a dump from $61K and a ray of hope to see those patterns begin to take shape!! so Im still bearish and i see targets for this bearish wave at $42K/31K/24K, during that i trade what happens, cuz it's impossible to force what I want or make it happen. this view will fail by closing above 59 daily and shark pattern fail by breakout $68k weekly
Current signal update
Scalping from $435XX still active and we hold 12.5%
we sold 12.5% at $60/61K and kept 12.5% SL at 47K
Scalping from $555XX still active
we sold 25% at 563XX, TP2 57500 25% also and hold 50%
Good luck to all.
🙏we ask Allah reconcile and repay🙏
Comment:
18 Mar 2021
#BTCUSDT update ( Short-term movement )
Bulls reclaimed $58K support with a good bullish candle,for sure this move has diminished the fear of most traders at the moment, and who's had doubts about a more drop, his doubt faded as a result of that breakout,
Current movement, $60500 works as current resistance for short-term movement and breakout it in the midday with 4H close above it, this will help bulls to push BTC up more, but if they fail to do that, we will see retest for $57/56K, and if the new daily candle closed below this support line at $56K, it will means that was fake breakout this support point, and news effect is gone.
Current Action,
Although we were looking for more dump, we traded the movement and goes with what happens on the chart and we shared two signals from 55K in the last dip, one of them was shared today and still active!!
for now, we will not add more positions and we will track the performance for bulls after this breakout, this movement supported by new, but before the news, there was good stability above 55K zone!
Important levels for current trading range between 50/60K,
Resistance levels,
$60500
$61450
$64200
$67400
Support levels,
$56800
$55250
$53150
$51150
My personal opinion(Biased view, Subject to fail),
still the same as i mentioned in the previous update!
Current signal update
Scalping from $435XX still active
we sold 12.5% at $60/61K and kept 12.5% SL at 47K
Scalping from $55K still active
we sold 25% at 555XX, TP2 56500 25% / TP3 $58350 25% / still hold 25%
Sl at 54500
Good luck to all.
🙏we ask Allah reconcile and repay🙏
#BTCUSDT update ( Short-term movement )
Bulls reclaimed $58K support with a good bullish candle,for sure this move has diminished the fear of most traders at the moment, and who's had doubts about a more drop, his doubt faded as a result of that breakout,
Current movement, $60500 works as current resistance for short-term movement and breakout it in the midday with 4H close above it, this will help bulls to push BTC up more, but if they fail to do that, we will see retest for $57/56K, and if the new daily candle closed below this support line at $56K, it will means that was fake breakout this support point, and news effect is gone.
Current Action,
Although we were looking for more dump, we traded the movement and goes with what happens on the chart and we shared two signals from 55K in the last dip, one of them was shared today and still active!!
for now, we will not add more positions and we will track the performance for bulls after this breakout, this movement supported by new, but before the news, there was good stability above 55K zone!
Important levels for current trading range between 50/60K,
Resistance levels,
$60500
$61450
$64200
$67400
Support levels,
$56800
$55250
$53150
$51150
My personal opinion(Biased view, Subject to fail),
still the same as i mentioned in the previous update!
Current signal update
Scalping from $435XX still active
we sold 12.5% at $60/61K and kept 12.5% SL at 47K
Scalping from $55K still active
we sold 25% at 555XX, TP2 56500 25% / TP3 $58350 25% / still hold 25%
Sl at 54500
Good luck to all.
🙏we ask Allah reconcile and repay🙏
Comment:
#BTCUSDT 19/3/2021
Be careful, the price was rejected twice from the resistance zone at $60XXXK we mentioned in the last update, And until now the current performance doesn't look good, for more info we recommend you to read the last update we posted
Good luck to all.
🙏we ask Allah reconcile and repay🙏
Be careful, the price was rejected twice from the resistance zone at $60XXXK we mentioned in the last update, And until now the current performance doesn't look good, for more info we recommend you to read the last update we posted
Good luck to all.
🙏we ask Allah reconcile and repay🙏
Comment:
23/3/2021
#BTCUSDT update ( Short-term movement )
after the last short-term update and mentioning this support at $60XXX and Bitcoin moves have followed with a bounce from it two, three times !! reached -10% until the current moment!!
The current movement shows BTC pullback to $53K support with a negative candle at weekly TF, surely the breakdown of this support at 53K will give bears some support to pull the price down more to $47K/42K, but if bulls defend and hold above it we can see btc rebound to 57k again!!
Current action, we will still out until getting a good R: R chance and clear sign from the chart, due to the moves that happen every day shows that we are in a very clear profit-taking zone.
Most Important levels for the current trading range between 40/60K,
Resistance
$57500
$60500
$61450
Support levels,
$53500
$49500
$47500
$42500
$39500
My personal opinion(Biased view, Subject to fail),
still the same as i mentioned in the previous updates! shared since 13 Mar
Current signal update
Scalping from $435XX still active
we sold 12.5% at $60/61K and kept 12.5% SL at 47K
Scalping from $55K still active (Signal over)
we sold 25% at 555XX, TP2 56500 25% / TP3 $58350 25% / still hold 25%
hit sl at 54500 after sell 75% of it
Good luck to all.
🙏we ask Allah reconcile and repay🙏
#BTCUSDT update ( Short-term movement )
after the last short-term update and mentioning this support at $60XXX and Bitcoin moves have followed with a bounce from it two, three times !! reached -10% until the current moment!!
The current movement shows BTC pullback to $53K support with a negative candle at weekly TF, surely the breakdown of this support at 53K will give bears some support to pull the price down more to $47K/42K, but if bulls defend and hold above it we can see btc rebound to 57k again!!
Current action, we will still out until getting a good R: R chance and clear sign from the chart, due to the moves that happen every day shows that we are in a very clear profit-taking zone.
Most Important levels for the current trading range between 40/60K,
Resistance
$57500
$60500
$61450
Support levels,
$53500
$49500
$47500
$42500
$39500
My personal opinion(Biased view, Subject to fail),
still the same as i mentioned in the previous updates! shared since 13 Mar
Current signal update
Scalping from $435XX still active
we sold 12.5% at $60/61K and kept 12.5% SL at 47K
Scalping from $55K still active (Signal over)
we sold 25% at 555XX, TP2 56500 25% / TP3 $58350 25% / still hold 25%
hit sl at 54500 after sell 75% of it
Good luck to all.
🙏we ask Allah reconcile and repay🙏
Comment:
#BTCUSDT update ( Short-term movement )
Bears continue this bearish movement in the short-term which we mentioned in the previous update and from $61K zone they reached 50500 a day ago!! (SMA 50), The previous touches for this moving average were followed by a good pump and right now btc shows tiny rebound from it so what going on now?!
The Current movement shows, $55K as current resistance for bulls and once bulls push up btc above it with a daily close, this will turn the market to the green side again, but if they fail to do that, and bears kept attacking and pull price below 50K and closed below SMA 50 daily, this will support to Red camp on pulling the price down.
Current action, we will not take any positions, and we will wait for monthly close, even if bulls closed above $55K.
Most Important levels for the current trading range between 40/60K,
Resistance
$55500
$60500
$61450
Support levels,
$47500
$42500
$39500
My personal opinion(Biased view, Subject to fail),
still the same as i mentioned in the previous updates! shared since 13 Mar
Current signal update
Scalping from $435XX still active
we sold 12.5% at $60/61K and kept 12.5% SL at 47K
Good luck to all.
🙏we ask Allah reconcile and repay🙏
#BTCUSDT update ( Short-term movement )
Bears continue this bearish movement in the short-term which we mentioned in the previous update and from $61K zone they reached 50500 a day ago!! (SMA 50), The previous touches for this moving average were followed by a good pump and right now btc shows tiny rebound from it so what going on now?!
The Current movement shows, $55K as current resistance for bulls and once bulls push up btc above it with a daily close, this will turn the market to the green side again, but if they fail to do that, and bears kept attacking and pull price below 50K and closed below SMA 50 daily, this will support to Red camp on pulling the price down.
Current action, we will not take any positions, and we will wait for monthly close, even if bulls closed above $55K.
Most Important levels for the current trading range between 40/60K,
Resistance
$55500
$60500
$61450
Support levels,
$47500
$42500
$39500
My personal opinion(Biased view, Subject to fail),
still the same as i mentioned in the previous updates! shared since 13 Mar
Current signal update
Scalping from $435XX still active
we sold 12.5% at $60/61K and kept 12.5% SL at 47K
Good luck to all.
🙏we ask Allah reconcile and repay🙏
Comment:
#BTCUSDT
Bulls reached 56K , in current time we looking for bounce from this zone at 56/57 to $54K again
Your eyes on bulls performance at this area $54/52 K
Good luck to all.
🙏we ask Allah reconcile and repay🙏
#BTCUSDT
Bulls reached 56K , in current time we looking for bounce from this zone at 56/57 to $54K again
Your eyes on bulls performance at this area $54/52 K
Good luck to all.
🙏we ask Allah reconcile and repay🙏
Comment:
29-3-2021
#BTCUSDT
Bulls are succeeded in breakout $55K and turned the market to the positive side, The effect of a breakout this resistance was explained in the previous update so what now?!.
Although this breakout happens we didn`t take any position from it or from $53K zone, and in the previous midday update, we said we are looking for a bounce from $57k zone to 54K again.
The current movement shows BTC moves around $57/58K, and if we checked 4H TF and daily TF we can see clearly $57/58 is a critical zone for BTC bulls, although they did well by this rebound from this support at $50K(MA 50) and breakout $55K
despite all that, we haven't seen those big green candles yet, on the contrary, the daily frame shows Doji candles in this critical zone at $57/58K, also monthly candle has long wick and if the current month closed as like previous months this will not be good for bulls at all. therefore, to avoid falling into the trap of buying from the top, we are waiting for clear confirmation of bulls and showing their strength and the true desire to achieve new levels.
Current action, we still looking for a bounce from this zone to $54K ( support line area), and based on price action from it and R: R we will decide to buy or wait.
Also, $49K works as a psychological level for traders at the present time and any closes below it will spread panic in the market and will be a sign of the selling-off starts.
Most Important levels for the current trading range between 40/60K,
Resistance
$58500
$60500
$61450
Support levels,
$53500
$50500
$46500
$42000
My personal opinion(Biased view, Subject to fail),
still the same as i mentioned in the previous updates! shared since 13 Mar
you can check from here 👇
Current signal update
Scalping from $435XX still active
we sold 12.5% at $60/61K and kept 12.5% SL at 47K
Good luck to all.
🙏we ask Allah reconcile and repay🙏
#BTCUSDT
Bulls are succeeded in breakout $55K and turned the market to the positive side, The effect of a breakout this resistance was explained in the previous update so what now?!.
Although this breakout happens we didn`t take any position from it or from $53K zone, and in the previous midday update, we said we are looking for a bounce from $57k zone to 54K again.
The current movement shows BTC moves around $57/58K, and if we checked 4H TF and daily TF we can see clearly $57/58 is a critical zone for BTC bulls, although they did well by this rebound from this support at $50K(MA 50) and breakout $55K
despite all that, we haven't seen those big green candles yet, on the contrary, the daily frame shows Doji candles in this critical zone at $57/58K, also monthly candle has long wick and if the current month closed as like previous months this will not be good for bulls at all. therefore, to avoid falling into the trap of buying from the top, we are waiting for clear confirmation of bulls and showing their strength and the true desire to achieve new levels.
Current action, we still looking for a bounce from this zone to $54K ( support line area), and based on price action from it and R: R we will decide to buy or wait.
Also, $49K works as a psychological level for traders at the present time and any closes below it will spread panic in the market and will be a sign of the selling-off starts.
Most Important levels for the current trading range between 40/60K,
Resistance
$58500
$60500
$61450
Support levels,
$53500
$50500
$46500
$42000
My personal opinion(Biased view, Subject to fail),
still the same as i mentioned in the previous updates! shared since 13 Mar
you can check from here 👇
Current signal update
Scalping from $435XX still active
we sold 12.5% at $60/61K and kept 12.5% SL at 47K
Good luck to all.
🙏we ask Allah reconcile and repay🙏
👋 Be a trader, not a gambler, by following risk/capital management!!
🎉Get Your Discount Today! (Limited offer)
t.me/PCS_Signals_Results/6922
We ask Allah reconcile and repay ❤️🙏
🎉Get Your Discount Today! (Limited offer)
t.me/PCS_Signals_Results/6922
We ask Allah reconcile and repay ❤️🙏
#BTCUSDT entered local resistance area between 47/49K which we mentioned in the last update, right now we looking for a bearish reaction from it for short-term movement to $46/44K again.
(Mid-term movement)Weekly
the main resistance for this trend located at $ 52K if bulls close above it daily this will give a good push for them if they fail to do that this means one thing and this thing is a dump to 44K again and this time probably we will see $40/37K.
Ps:
We don't short btc or using leverage or trading BLV tokens!! our signals for spot trading only.
Also, The TA updates is an explanation for market movement(not mean buy or sell) We will tell you to buy or not through a clear signal with clear targets and stop-loss risk management, etc, not anything else.
Good luck to all.
we ask Allah reconcile and repay🙏