HamadaMark

#BTC Morning updates 25/7/2019

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
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Good morning to all traders, bulls & bears
Please read the details we mentioned below the chart carefully. Thank you for your support.




in last updates we talked about btc will dump more or not and our answer was
Yes, By breakdown ( SMA 50 $9100 Daily ), BTC will Confirm More Dump to $8200/7400 maybe lower
So for more dump btc need to breakdown $9100 daily !!
and our action was
we trade this stability above $9800/9500 but we looking for more dump soon, and breakdown $9100 will confirm that

During that below same chart
we talked about movement around resistance $9900/10050 ( SMA 100) and we were expecting a drop from this zone
( Btc breakout and our expect failed )
but as we doing always we explain the whole movement, then set our expectations or current action
in the same update, we said
Breaking that channel will change the plan of course!! and BTC will have the ability to hit $10150/10250


Current movement:

1H TF
Btc breakout the Descending channel and hit $10150 ( SMA 100 1H TF)
on this frame, we see bearish DV (below SMA 100)so if btc failing to breakout we will see btc retest $10000/9850
but if bulls break it, this will push btc up to $10350 /10500

The Daily frame

Got a nice close above ( SMA 50) and bears fail to close below $9100 also there is a bullish divergence still active since 3/4 days


Current Action:
we will track $10000/9850 Support levels if btc retested it and hold there we will add more long signal



Our plan:
breakdown $9100 daily this support our plan for more retrace to
$8500/8200
$7600/7400
$6600/5500
we looking for entry from these levels

Breakout $10900 daily short term will change our plan

the last signals we shared
Scalping from $9690 TP3 Achieved TP4 HOLD ( Sl moved to $9545)
Scalping from $10060 TP1 Achieved ( Sl moved to $9545)


Our retracement plan from $13750 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

short term , This plan still active as long as btc move below $11000/11500 daily
Midterm, This plan still active as long as btc move below $13750 daily

During this, we trade with movement !! from these levels

Also
we were waiting for dump $13750
http://prntscr.com/ofcyto

from $12800/13200 we were waiting for dump
http://prntscr.com/of8nvs

from $11750/12000 we were waiting for dump
http://prntscr.com/of8phq

from $10650/10850 we were waiting for dump
http://prntscr.com/ogboej

from $11050/10750 we were waiting for dump
http://prntscr.com/oj19nb

from $9200 we were looking for scalping


Ps:
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 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 $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.

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!!


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


Trade closed: stop reached: #BTC

In the last update, we talked about breakout the Descending channel on 1H TF
and this bearish DV (below SMA 100) On the same TF
and we said if btc failing to breakout (SMA 100) we will see btc retest $10000/9850 and breakout (SMA 100 ) will push btc up to $10350 /10500

and our action was
track $10000/9850 Support levels if btc retested it, and if btc hold there we will add more long signal
we already shared signal from this zone as trading for the movement but btc breakdown after 6 Hours of holding above $9850 and hit Stop_loss -2%




New Update
In this update, we will set $9500/10500 as NO TREND zone

and our action will be waiting for breakdown $9100 daily to confirm the next targets for our retracement plan


brief about our plan from $13750, our 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

Ps:
In the short term, This plan still active as long as btc move below $10500/11100 daily
In the Midterm, This plan still active as long as btc move below $13750 daily

Ps:
breakout short term or midterm levels Allah willing we will post an update



We ask Allah reconcile and repay
Question; on TradingView you’re bearish here and expect to fall to sub 8k and below. However I checked your telegram channel and it appears you’re bullish there as you’re setting targets for $10,400, higher targets and even hold fir target 4.

I’m confused?!
+1 Reply
No need to be confused if u read description below chart well u will find @kxa5111,

Ps:
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!!

So u said before u follow us since long time if u do that u already know so no need for confusing
Reply
kxa5111 HamadaMark
@HamadaMark, but why set Hold profit for target 4 if you expect a dump to 8k as well?
Reply
@kxa5111,
hold target we set for any signal we share not btc only, come for extra profit, plus what if you expect something and another thing happen? did you will punish the market or get angry at it? Or be angry at yourself for that

The trading does not work in this way

Trading for us working by reading chart well and check the bearish and bullish sides and knows limits for both, then our acts should be based on the movement

the expect come as an extra thing we already explain that to you before so even if your view bearish, but the market turned to the upside and didn't follow what you expect, you still trading with movement, and update analysis, that works fine and bring us calls from
$3150
$3322
$3762
$4050 etc

and all of them active due to hold targets and still bring profits !!

At the end of 2017 from $16500/19500, we set $4500 as a target during that we shared many calls many long signals and we kept trading movement even if our expectations become true

our analysis contain an explanation for both side bullish and bearish
below current movement and the limits for both side

and below it there is our current action, what we do now or will do later !!

then plan and expectation for next movement

if you read pin msg on Tg or read the description below charts well
we already explained everything there

but there no problem if we explain it again to you

i wish everything become clear to you now !!
Reply
kxa5111 HamadaMark
@HamadaMark, I really appreciate taking your time to explain all this and make it clear. I respect your work and I like your responses are very professional with good attitude. God bless you and your parents. I'm following you closely.
+1 Reply
Ameen bro @kxa5111, you too and thanks for your prayer
Reply
Hello, great overview

How probable do you see BTC reaching 10.6K and then braking down?
Reply
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