#BTC Mid Day Update 19/6/2019 for COINBASE:BTCUSD by HamadaMark

#BTC

In the last update since 17 Jun we talked about current action you need to follow and it was :
we will wait for price action from $8850 or $8300 to trade btc
But if btc get back and passed $9400 before reach these levels probably we will get in directly

after that, in 18 Jun btc got nice price action from $9475 and dropped to $8919 above first support zone we mentioned $8850

Current movement:
Btc got good price action from $8919 and we saw a small rebound from it to$9250, as you know we were waiting for price action from this level as we mentioned in the last update but we were away of chart to post update in this time, anyway current movement shows btc still moving between $9400 $8850 and looks btc created new support at $9250

if we check MA we will see Btc moves above ( SMA 25 ) $9000$8850 so breakdowns this level as we said before will give bears ability for a retracement to $8350 ( SMA 150) as next support level in this trading range between $8000 $9400

Current action:
we will wait for price action from $8350 depending on it we will set up a long signal or not
if we got clear breakout for $9400 probably we will get in directly !!

Our signals: all of them still active
$3150 ( Signal Proof ) Hit $9300
$3322 ( Signal Proof ) Hit $9300
$3762 ( Signal Proof ) Hit $9300
$4050 ( Signal Proof ) Hit $9300
All of this signals gained good profit passed 100% and last target still hold Sl at entry !!

$7800 ( Signal Proof ) Booked Profit at $8550 Price Hit $9300
$8245 ( Signal Proof ) Booked Profit at $9070 Price Hit $9300
$8720 ( Signal Proof ) Booked Profit at $9100 Price Hit $9300
$9350 closed at $9280 -0.75%

Ps:
until now we talk about movement between $9400 $8000 and analyze it as a short term for btc movement so breakdown or break out one of these limits at $9400 or $8000 will have a big effect on the market

Btc trading range In the Midterm between $11500 $5500, these are the main limits for btc

Btc trading range In the long term, $1500 $36000 are the main limits for btc between dips and new ATH

so we wish it clear for you which part we analyze now and talk about
you need to know each movement has a certain time to talk about it and the current time is the movement time in the short term due to the importance of that movement for now !!

Our prediction:
In last week we set expectation fro breakdown $7200 as long as btc move below $9000 weekly, in last weekly close btc was $8975 very close from $9000 so we paused this expectation due to this move
the current movement shows some weakness for btc so if btc failed to breakout $9400 with a confirmed breakout or fail to rebound from $8350 and breakdown it, probably e we will activate this prediction once again for a breakdown and reach $7200 !!

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

#BTC Simple Explanation for NEW ATH , Dips, Best Buy Zones!!

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

Comment:

1 H frame,