HamadaMark

#BTC Morning updates ( 5/8/2019 )

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
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Good morning dears bulls & bears
Please read the details we mentioned below this chart carefully. Thank you for your support



In the last update, we were looking from dump from $10750/11150 to $10650/10350/10150/9850 as current support for movement between $11150/9650!! after that, BITCOIN got a quick dump from 109xx to 10570, then faster pump from $10570 to $11500, without complete for retracement levels we mentioned !!,
we didn't get a chance to post breakout signal, but, All Thanks to Allah our scalping signals from $9685/10110 still active from our positions list.


The Most important resistance levels we posted in our previous updates
$10750/11150 ( Breakout)
$11500/12000
$12500/13500
Breakout $13500 weekly with a close above it will give clear chance for btc to reach $15500/17700 maybe higher for new ATH $31000/36000 if we got a full bullish monthly close above $13500 also!!


About Current movement:
after this direct grow from $10575 without retracement the next resistance $11500/12000 on the daily frame, we will wait for a price action from it if btc bounced the $11150/10950 will be the support zone and based on performance from it will setup new entry
but if btc breakout $12000 daily directly, we will cancel waiting and probably we will join the market.

Also, BTC almost achieve the first condition for short-term movement and shows move around $11500 !! but we can`t skip last monthly close easily, so until the bulls erase this weakness and breakout $13500 weekly/ Monthly we are very careful with our trades.

Ps:
This update for short/ mid-term movement between $5500/13500 to avoid confusion
Also, during this movement between $13750/9000, we shared many signals for movement and traded it, as you know we trade only long positions without leverage, so even if we expect dump, we keep trading with the market movement!

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

About long term:
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, with current movement!! it's like gambling, But anyway as long as btc hold above $5500 Monthly we expect more growth for btc and the bullish view will confirm by breaking $13500 monthly (was 11500 we changed it to 13500) due this bad performance on monthly frame

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 and 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 we trade and care about movement more than expectation!! but if btc follow what we expect this will be nice, but if fail to do that we care about movement and how to trade it no more.


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!!


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




Comment: sorry, guys, we have to finish some stuff so we will be away for next 12/36 H


about btc
if bulls breakout $11700/11750 30 Min / 1 H and close above it
Buy with 10% and targets
$11850
$11950
$HOld

Stop_loss $11490
Risk about 2%
Max invest: 10%

if bears keep dumping btc and price drop from current levels
$11450//$10950/$10650 is good support levels if you know about price action you can watch them closely and trade btc from them if you got good price action

if you don`t know how you can apply this strategy, follow this method.
if btc candles showed long wicks then green candle from any levels of these levels, set up your entry and set your stop_loss below the low price for this wick by 1%


No leverage in your trades
Max invest 10%
follow 30/1 h TF
if your risk 1% your target should be 3%, less than that don`t buy or join if you're not good with scalping

for live tracking use this link
https://www.tradingview.com/chart/0uE79c...

we ask Allah reconcile and repay

https://www.dailyfx.com/forex/education/...
Trade closed: target reached: We got chance to share signal before closing the chart

Coinbase Pro, Binance
#BTC/USDC Take-Profit target 1
Profit: 0.8988%
Period: 32 Minutes ⏰

We ask Allah reconcile and repay
Comment: New Update

We ask Allah reconcile and repay
Bro I have a question, why do you use USDC instead of USDT? Is there a reason or USDT is risky to use?
Reply
Great Analysis! Its time to lock in profits!
GL
Reply
Nice long prediction and I am inline with you on the reasoning since again top 30 US stocks are all down. BTC will look like a good investment. But challenging the 11.9k support line that I pointed out earlier, what do you think of a move going short with stop loss at $12,400?

+1 Reply
Great Idea @HamadaMark !
See mine :))
+1 Reply
HamadaMark freshcurra
Thanks, mate @freshcurra, your steup is nice as well
+1 Reply
Hi, when you talk about daily, does the time zone matter? Thanks
+1 Reply
Hi dear @JackXu, it`s important if we were waiting for daily close to confirm breakout or breakdown

example we said
if btc breakout $12000 daily directly, we will cancel waiting and probably we will join the market.

so, in this case, monitor daily close is important

use UTC time zone to know when daily close, it`s already showing in Tv charts
Reply
JackXu HamadaMark
@HamadaMark, Thanks for the response. I've been just using my own time zone as a reference, thanks for the clarification!
+1 Reply
u are welcome dear @JackXu,
Reply
not so high. first down a bit then up maybe like this ...

+1 Reply
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