#BTC Predication ( Daily Update 18/8/2019)

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
1676 4
Good morning dears bulls & bears here is our daily update for btc ,
Please read the details we mentioned below this chart carefully. Thank you for your support.

In the last update for btc we mentioned :
$9500/9100 are good levels for scalping btc if you good with scalping you can handle with it, after that BTC grow more than 6% and we shared signal from $9700 gained Price hit $105XX
Also, we mentioned we are looking for breakdown $9500/9100 in next 3/7 days and reaching $8200 and this zone can be a good entry ( 3 Days passed and no change in our view)
Also, in the same update, we set $10650/12000 as a psychological barrier to the market ( Bulls Hit $105XX and bounced fast to $101XX )

Continue our updates:
3 days passed and btc sill move between $105XX /95XX and bull fails to breakout the psychological barrier at $10650/12000 once gain although daily frame show long wicks from ( SMA 100)
if you take a look at last update you can see us draw this rebounded wave from $9500 to $106XX and Btc follow it nicely, now we are in sec part and as long as btc move below 10950/12000 daily !! we looking for a dump to $8200/7400/6600 based on price performance from these levels we will open our long trades

Current Action:
Watching and waiting no more,
but if btc back above 10250/10350 daily we will setup scalping trade,
except that, we looking for a selloff as long as bears keep btc moves below $10950/12000 daily
Close below ( SMA 100) $9100 on the daily frame will support our view about the dump

$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
$11150/10650 (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
$9500/9100 Daily support ( Breakdown daily = selloff)
$7400/6600 ( Strong support Reversal zone)
$5500 ( Strong weekly support, Psychological level of the market)

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!

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: Telgram updatea
Binance, Coinbase Pro
#BTC/USDC Take-Profit target 3
Profit: 9.5839%
Period: 3 Days 23 Hours 46 Minutes ⏰

Binance, Coinbase Pro
#BTC/USDC Take-Profit target 4
Profit: 4.9486%
Period: 22 Hours 46 Minutes ⏰

Btc breakout and hit 10700

We setuped 3 scalping
From 9700 still active booked TP3 at 10650
From 101xx booked TP3 at 10450
From 10480 canceled at entry due to weaknes at 30 min frame then price dump to 10260 then pump to 10700 we missed update there due to we get some problems with accessing to the chart

Our update and view is the same no change
We looking for dump to $8200/7400/6600 as long as btc move below 10950/12000 daily

If u follow our actions and scalping btc after breaking 10250/10350 u gained about +4%

Current action we looking for bounce from 10950/11150

Breakout it we will setup more scalping signals
But as long as btc below 10950/12000 daily our view is Bearish and looking for more retracement by breaking theme out again and passed 13750 this view will change

During that we tarde with movement and market decided everything

Scalping from 9700 TP4 HOLD
Scalping from 101xx TP4 HOLD
Stop at entry for both

We ask Allah reconcile and repay
Comment: New Update

We ask Allah reconcile and repay
Great FIBS and H&S catch buddy.
+1 Reply
HamadaMark Bullandbeartrading
Thanks for your feedback dear @Bullandbeartrading,
+1 Reply
HamadaMark cryptomizer
U are welcome bro @cryptomizer,
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