HamadaMark

#BTC Is BTC will resume our retracement plan?!!

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
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Please read the details we mentioned below the chart carefully. Thank you for your support !!


In the last update for btc , we talked about Bulls and bears fight and movement between $11350 /13750 as short term and main move between $5500/13750 as the main trend and mentioned breakout $12200 daily will help bulls to push btc to $13750 but as long as BTC move below $13750 daily our retracement plan still active !!


During That:
from $12200 we got a scalp and TP1 Achieved 12380 Then Closed at entry due to waiting for lowe buy zone but BTC goes directly to $12750
in this movement, we mentioned $12550 close daily BTC targets and resistance!! will be
$13200
$13500/13750 resistance breakout next targets will be !!
$14200
$15200

and we analysis dump from $12700 to 11950 and happen directly then we got a scalp from $12620 after daily close booked profit at 13000 Hit Sl at entry !!
also in same Chart updates at 9 July we set $11880/11550 limit for scalping BTC HIT on 10 July ENTRY AVG 11710!!


In morning updates we mentioned, there are bearish DV on 30/1H frames and if bears use it Btc will retrace $12650/12200 again

and about $13500/13750/14200 we said nothing change as long as BTC holding above $11900/11500 daily !!


after That BTC Hit $13200 and got a hard dump to $11555 !!
Our action in this time was waiting for price action from these level to open long trade or wait for more drop !!
All Thank to Allah, we got Scalping from $11685 HIT TP2 12200 +4.5% still active


Now time to new update Is BTC will resume our retracement plan?
The answer is yes if BTC close below $11500 daily we can see BTC retrace lower levels at 10900/10500/9100 maybe lower

A brief summary of our retracement plan :
from $13750 we set these levels as important levels for BTC retracement!!

$10550/10350 Good for Scalping we got scalp form it to $12900
$9500 Good for Scalping we got a scalp from $9850/9650 close early at entry
$8200 Good for Mid Term
$7400 Good for Mid Term
$6600 Good for Mid/Long Term

and we mentioned the best buy zones at
$8200
$7400
$6600
this plan still active as long as BTC below $13750 daily !!



Current movement:
On daily show weakness for bulls from 0.618 Fib and looks there bearish DV will confirm by breakdown $11500 daily!!

Current Action:
we already opened scalp from $11680 So we can`t add more long signals due to the weakness on daily so we will mention movement above $11500 for now

Our Prediction:(Short term)
we can see sideways movement for BTC for the next 3 days, but if BTC didn`t follow that, we expect more drop and resume our retracement plan by breakdown $11500 daily !!



About our prediction Since breakout $5500?! ( Long Term)
Btc moving in a critical range, the whole movement can be a trap or real recovery, but as we said before close above $7500 means btc takes first recovery step, but to confirm more bullish steps, btc still need to move, so putting prediction, it's like gambling with current movement!!
But anyway as long as btc hold above $5500 Monthly we expect more growth for btc and the bullish view will confirm by breaking $11500 monthly as we mentioned !!


After all, you need to know
The expectation does not mean imposing what you want on a fait accompli
It's just a conclusion from the current movement of what will happen in the future
But does not necessarily mean the success of that conclusion
anyway..., the reality and what happens, is the movement on which we sell and buy based on it, not the expectation. so if our expectation succeeds, we trade depending on movement, if it fails, we follow and trade with movement also, so we trade and care about movement more than expectation!!
So if btc follow what we expect this will be nice, fail to do that we care about movement and trading it no more


Ps:
we don`t short btc but we analysis bullish and bearish movement to extract best entry levels for btc !!
we don`t use leverage in our signals never!!

Our analysis contains two types of updates:

1-short term updates
In these updates, we talk about current movement with support and resistance for it and conditions to complete the main trend like this update about movement between $$11500 $13750

2- Mid&Long term updates
In these updates, we talk about the main trend and major support and resistance and best buy zones for trend, and retracement levels and ATH targets also we add perdition for the next movement

To avoid confusion
As a daily trader, you should care about short term updates only
As an investor, u should be looking for Mid&long term updates
For us as analysts, we care about these two types due to all of them running into one cycle!!


Summary about our updates for BTC movement in last week: ( Short_ Term Updates)

#BTC When BTC will confirming The New ATH !!
In this update from $13300, we mentioned $13750 /14200 as weekly resistance and we were waiting for price action from it to indicate a new entry for BTC BTC from it get a drop to $9650


sell at 13750 and wait for dump

Retracement levels and best buy zones after bounced from $13750
That was our plan for BTC retracement movement mentioned on it best and the most strong levels for BTC and we traded it also!!

BTC from $13750 Hit first target and active our scalping time to small rebound

book scalping profit and wait for another drop !!

After $13750 $10550 the first target achieved what the next?
in this Update, we indicated a drop to $9500/9200 BTC hit $9650 and rebounded we got scalping from $9800/9650 but closed early at entry


#BTC Our Answer about is $9600 was the lowest point for BTC ?!
In this update, we talked about what bulls need to do and mentioned $11350 as first step to Bulls to erasure this weakness on the weekly frame, we got a scalp from $10650 and we traded the breakout $11350 to $11720 also


#BTC NEXT FOMO !!
In this update, we talked about the possibility for H&S pattern and what that means in Bullish movement and why btc can go higher easily and what you should do with this movement?! set $10650/10350 as support for this pattern and What are the conditions that make the pattern valid !!



#BTC fomo or fud?!! Be safe, and read what the update says !!
In this update, we indicated drop from $11600 to 10950 BTC hit all targets, and we confirmed that $10650/10350 still current support for btc H&S pattern Btc hit $10760 and rebounded we got scalp from $11000!!


#BTC Mid Day update
This update shared late due to some problem with the connection
In this update, we talked about stability above $11350 and our trade with BTC since $10750 also H&S pattern still valid, and new pennant pattern and what breakout and breakdown means for it and shared a brief summary for our retracement plan and what the condition to terminate it or keep it running, also we set expect for hit $10350/10650 if BTC failed to close about $11850 daily after that by 10 Hours BTC hit $11850 also we get scalp from $11380 !!


Our long term update about BTC ATH and conditions for it
BTC-Simple-Explanation-for-NEW-ATH-Dips-Best-Buy-Zones

#BTC Is That Time For New ATH? ATH / Disp / Support / resistance ATH Targets / Best buy zone Check it

#BTC fails to Achieve The NEW ATH Condition!! What the next?

Our signals: Some of them still active the last target is Hold we hold for max profit
Our signals: Some of them still active the last target is Hold we hold for max profit
$3150 ( Signal Proof) Hit $13750 Still active
$3322 ( Signal Proof) Hit $13750 Still active
$3762 ( Signal Proof) Hit $13750 Still active
$4050 ( Signal Proof) Hit $13750 Still active


$7800 ( Signal Proof) Booked Profit at $8550 Price Hit $13750 Still active
$8245 ( Signal Proof) Booked Profit at $9070 Price Hit $13750 Still active
$8720 ( Signal Proof) Booked Profit at $9100 Price Hit $13750 Still active
$9350 closed at $9280 -0.75% ( Signal Proof)
$9260 ( Signal Proof) Booked profit at $9700 Price Hit $13750 Still active

$10550 ( Signal Proof) Booked profit at $10850 done
$10650 ( Signal Proof ) Booked profit at $10900 Price Hit $11240 done
$10950 ( Signal Proof ) Booked profit at $12000 Price Hit $13400 done
$12550 ( Signal Proof ) Booked profit at $13150 done
$13690 ( Signal Proof ) Booked profit at 13750 done
$11900 ( Signal Proof ) Canceled
$10450 ( Signal Proof ) Booked profit at $11150 done
$10950 closed at entry
$11700 ( Signal Proof ) Booked profit at $12150 Hit $12440 done
$11350 ( Signal Proof ) Booked profit at 11850 Hit 12250 done
$11050 ( Signal Proof ) Booked profit at 11188 done
$11100 ( Signal Proof ) closed at entry
$9070/8800 ( Signal Proof ) Canceled
$9800 /9650 ( Signal Proof ) Closed at entry then Btc hit $11350 !!
$10100 ( Signal Proof ) Hit Sl -2.5% Then Btc Hit $11350
$10650 ( Signal Proof ) Booked profit at $11150 Still Active in trading view
$11250 ( Signal Proof ) Booked profit at11450 done
$11250 ( Signal Proof ) Booked profit at $11750 done
$11480 ( Signal Proof ) Booked profit at TP1 $11850 done
$11550 ( Signal Proof ) Booked profit at TP1 $11850 done

$11000 ( Signal Proof ) Booked profit at 11500 TP3 Still active
from $11385( Signal Proof ) Booked profit at 11650 done
from $11200 ( Signal Proof ) closed at entry today early close
from $11380 ( Signal Proof ) closed at $11250 due to this bounced from SMA 200 on 30 min TF -1.20% done
from $11425( Signal Proof ) Booked profit at 11530 done
from $11380 ( Signal Proof ) Booked profit at $11850 still active
from $11950( Signal Proof ) closed at entry or11860 working in a new setup done
from $12200 ( Signal Proof ) Booked profit at 12380 Done
from $12620 ( Signal Proof ) Booked profit at $13000 done
from $11680 ( Signal Proof ) Booked profit at $12200 still active

Most of these signals gained good profit passed 100% and last target still hold Sl at entry !! (all thanks to Allah )


Good luck to all.
The Wild Crypto™,
We ask Allah reconcile and repay



Comment: Mid Day Update

We ask Allah reconcile and repay
Bitcoin correction is over, idea below explains why

Reply
Praise Crom! Oh wait, Crom gives life and will and never another gift.
Reply
So big work! Looks good. I think it will range between key levels
Reply
how about altcoin bro.. when altcoin time for up or never ? thx
Reply
Should be alrs time @win777, but if btc dominance bac to 61 without move in alts Will be bad
+1 Reply
You don’t see a bounce to 12660? From 11557?
Reply
HamadaMark mike73234
@mike73234, http://prntscr.com/oddg5n

But if Btc fails to hold above $11500 probably we will not see it
Reply
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