HamadaMark

#BTC Predication ( Daily Update 20/8/2019)

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
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Good morning dears bulls & bears this is our daily update for btc ,
Please read these details we mentioned below this chart carefully. Thank you for your support.



Brief Summary for our point of view and our previous updates for btc
as you know our view for btc is bearish and we looking for more retracement as long as btc moves below $10950/12000 Daily

On 5/6 Aug, we were waiting for a bounce from $12000/12500, BTC followed it and got a nice bounce to $9500 -22%

On 15 Aug, our first update after 6 Aug, we set $9500 as Scalping zone then btc hit $10650 in the same update we set a time limit for btc to breaking 9100 and reach 8200 that was 7 days 5 days passed and btc still move above $9100

On 18 Aug after this nice bounce from 9500 to 10650, we show a chance for H&S pattern and set $10950/12000 as a psychological barrier for the market, our action was watch and waiting for a dump and during this, we trade with movement

We posted many recommendations during this period between 15/18 Aug

The first recommended to scalp Btc from $9500
Then we shared signal from $9700 Price hit $10650 then Bounced to $10100

The Second recommend was buying btc again if price break $10250 Btc did and hit $10950
we shared a scalping signal from $10150 Hit $10950

The Third recommendation was Scalping for breakout Symmetrical triangle from $10450/10350 we closed at entry Then Btc Hit 10950

Fourth and last recommendation was from 10750 hit target at 10870 and closed at $10780 due to we are close to seeing Dump!!




Current movement:
Shows chance for H&S pattern with a bounce from $10955 that we mentioned in the last update, by complete this pattern and breakdown $9100 Daily we will see $8200/7400/6600 and based on performance from these levels we will decide to buy btc or wait
Our view still remain, as long as bears keep btc moves below $10950/12000 Daily in short term
In midterm as long as btc moves below 13750 daily/ weekly


Current Action:
watching and wait, we don`t short btc so we don`t share sell signal but we already informed you about H&S pattern $10950 as resistance
During Current movement, if btc show any chance for scalping it Allah willing we will try to share it with you!!

Ps:
$9100 still strong support, yeah we expect breakdown it this time, but if bulls hold again and show another rebound from it, Allah willing we will try to sync it and trade with movement as we doing always.

Here is a list for most important resistant support levels for btc for the current range between $5500/19500:

Resistances levels
$11150/10950 (Local resistance)
$12000-12500 Daily resistance ( Psychological resistance)
$13500/14200 weekly resistance ( breakout weekly confirm more growth )
$16150/19500 Monthly resistance ( Very strong, Fomo levels)

Support levels
10350/10550 (Local Support) 4h TF
$9500/9100 Daily support ( Breakdown daily = selloff)
$7400/6600 ( Strong support Reversal zone)
$5500 ( Strong weekly support, Psychological level of the market)




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



Trade closed: target reached: Coinbase Pro, Binance Trading Movement
#BTC/USDC Take-Profit target 1
Profit: 0.6242%
Period: 53 Minutes ⏰
We ask Allah reconcile and repay
Trade closed: target reached: Coinbase Pro Trading Movement
#BTC/USD Take-Profit target 1
Profit: 1.0032%
Period: 1 Hours 2 Minutes ⏰
We ask Allah reconcile and repay
Trade closed: target reached: Predict for continue Dump and breakdown from $10950 (SMA200) this morning -9.5 % since our update
http://prntscr.com/ovefbi

with more than 6 Scalping signals from 9500/9700/10150/10250/10700/10150/9970 Now

Morning Update
https://prntscr.com/ove5w7
http://prntscr.com/ovpdut
The Evening update
http://prntscr.com/ovpe0h

All of this work comes for free
we ask Allah reconcile and repay
Nice work !!
+1 Reply
Thanks, Mate@Klloyd58,
Reply
We are in accumulation
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Elliott Wave : Double Three Combination

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