Good morning to all traders, bulls & bears
Please read the details we mentioned below the chart carefully. Thank you for your support
Since 48 H ago we shared this update about btc movement and we mentioned In this update, we will set $9500/10500 as No Trade Zone
After this update by a few hours, we posted this chart and we talked about our plan from $13750, and closing below $9100 daily will push btc down again, with that we set the Next hours 24/48 as a critical hours for bears and bulls!! and we were looking for a dump move on this time !!
After that Btc hit $96XX and hold above this level for 22/24 Hours then price pumped to $102XX
then we posted an update as a confirmation for our plan still active, and a chance to trade movement due to this pump from $96XX !! Then price got dump again to $9500/93XX once again and move around it until now
48 Hours passed now, and during this time btc got dump then pump then dump
During that, we did one mistake by trade btc between $9500/10500 !! why this is a mistake?
due to in the beginning of updates, we set $10500/9500 as (No Trade Zone) then we break the rules and trad inside it !! Yeah, our stop_loss was 2.5%, not a big risk, but break your rules is a big mistake !! even if it didn`t cost you big loss !!
Now is the time to continue our updates:
Just look at the chart you will see us mentioned fractals move between 2018/2019 now
also, daily frame still shows a series of lower lows and lower highs) with fails form bulls to push btc above $10500 daily
4H TF was showing but bulls fail to breakout!!
No Daily close yet but current candle shows a breakdown for (SAM 50 ) on the daily frame
Weekly Show Bad performance even last weekly close was good !!
Monthly shows bad performance
all of this support our retracement plan from $13750
the plan was about dips to
$10500 Btc Hit and rebounded twice
$9500 Btc Hit and rebounded twice
$8200 still active
$7400 still active
$6600 still active
as we explain before breakdown $9100 daily will come with selloff for btc and support below this level comes at
we looking for entry from these levels
In the short term, This plan still active as long as btc moving below $10500/11500 daily
In the Midterm, This plan still active as long as btc moving below $13750 daily
we will track btc and no action to take until btc breakdown $9100, or bulls push it up above 10500 daily
During this, we will try to trade with movement if we got good chance with low risk !!
we were waiting for dump $13750
from $12800/13200 we were waiting for dump
from $11750/12000 we were waiting for dump
from $10650/10850 we were waiting for dump
from $11050/10750 we were waiting for dump
from $9200 we were looking for scalping
during this movement between $13750/9000 we shared many signals for movement and traded it, as you know we trade long movement only without leverage so even if we expect dump we keep trading with movement!!
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 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 view will confirm by breaking $13500 monthly (was 11500 we change 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
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, but if fail to do that we care about movement and how to trade it no more.
we don`t short btc but we analysis and 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 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 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!!
All updates and analyses shared on TV and TG you can check them one by one you are free to leave your feedback there!!
Good luck to all.
The Wild Crypto™,
We ask Allah reconcile and repay
#BTC A new trading week will be with Bears or Bulls?! Since 15 July
We ask Allah reconcile and repay