Good morning dears bulls & bears as you know we were on vacation since 6 Aug and during this time we were away of the chart, Today we got chance to check the chart and we will continue our updates since 6 Aug, Please read the details we mentioned below this chart carefully. Thank you for your support
In 5/6 Aug our action for btc was waiting for price action and bounce from $12000 is resistance to extract entry from $11150/$10950 depending on the price-performance from this support zone between trading range between $12500/9650
Also before we take the vacation we left this list for most important support and resistance level for btc for you, take a look
Also, this was our comment about our retracement plan from $13750, we said we can`t skip last monthly close easily, so until the bulls erase this weakness and breakout $13500 weekly/ Monthly we are very careful with our trades.
Now time to continue our updates:
As you can see Btc got a nice bounce from $12000/12500 from the upper trendline for this Descending Channel on the daily frame
-22% really this was a nice move and a nice bounce from bears
Btc moving now around ( SMA 100 ) $9500/9200 Mian support for a trading range between $9500/12500 as we mentioned in the support and resistance list ( $9500/9100 Daily support ( Breakdown daily = selloff)
we can see some attempts from that area by the bulls to rebound and the price rise again so these levels are good scalping zone you can
breakdown these levels daily $8200 /7400/6600 will next support levels
Our current action:
$9500/9100 are good levels for scalping btc if you good with scalping you can handle with it we can`t track btc or chart in current movement but if we get chance to share scalping with you we will do that!!
we looking for breakdown $9500/9100 in next 3/7 days and reaching $8200 and this will be good entry levels due to (SAM 200 there )and also lower trendline for this Descending Channel on Daily TF
$10650/12000 Form a psychological barrier to the market now back above these levels again, will help bulls to feel comfortable and fomo market
As we said in last updates our retracement plan from $13750 still active as long as btc move below 13750 daily there no change with these conditions and in the last update we talked monthly close and said we can`t skip this clear weakness there !!
About our retracement plan check this analyses
Analysis 1 after catch big bearish sign from $13750
analysis 2 counting our plan from $13750
Here is a list for most important resistant support levels for btc for the current range between $5500/19500:
Resistances levels
$11150/10650 (Local support)
$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)
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
In 5/6 Aug our action for btc was waiting for price action and bounce from $12000 is resistance to extract entry from $11150/$10950 depending on the price-performance from this support zone between trading range between $12500/9650
Also before we take the vacation we left this list for most important support and resistance level for btc for you, take a look
Also, this was our comment about our retracement plan from $13750, we said we can`t skip last monthly close easily, so until the bulls erase this weakness and breakout $13500 weekly/ Monthly we are very careful with our trades.
Now time to continue our updates:
As you can see Btc got a nice bounce from $12000/12500 from the upper trendline for this Descending Channel on the daily frame
-22% really this was a nice move and a nice bounce from bears
Btc moving now around ( SMA 100 ) $9500/9200 Mian support for a trading range between $9500/12500 as we mentioned in the support and resistance list ( $9500/9100 Daily support ( Breakdown daily = selloff)
we can see some attempts from that area by the bulls to rebound and the price rise again so these levels are good scalping zone you can
breakdown these levels daily $8200 /7400/6600 will next support levels
Our current action:
$9500/9100 are good levels for scalping btc if you good with scalping you can handle with it we can`t track btc or chart in current movement but if we get chance to share scalping with you we will do that!!
we looking for breakdown $9500/9100 in next 3/7 days and reaching $8200 and this will be good entry levels due to (SAM 200 there )and also lower trendline for this Descending Channel on Daily TF
$10650/12000 Form a psychological barrier to the market now back above these levels again, will help bulls to feel comfortable and fomo market
As we said in last updates our retracement plan from $13750 still active as long as btc move below 13750 daily there no change with these conditions and in the last update we talked monthly close and said we can`t skip this clear weakness there !!
About our retracement plan check this analyses
Analysis 1 after catch big bearish sign from $13750
analysis 2 counting our plan from $13750
Here is a list for most important resistant support levels for btc for the current range between $5500/19500:
Resistances levels
$11150/10650 (Local support)
$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)
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
Comment:
there weakness and price action from S1 Pivot level (Upper Trendline for Descending channel) ( SMA 25) On 30 Min TF
as we told you
$9500/9100 are good levels for scalping btc if you good with scalping you can handle with it we can`t track btc or chart in current movement but if we get chance to share scalping with you we will do that!!
we looking for breakdown $9500/9100 in next 3/7 days and reaching $8200 and this will be good entry levels due to ( SAM 200 there )and also lower trendline for this Descending Channel on Daily TF
We ask Allah reconcile and repay
as we told you
$9500/9100 are good levels for scalping btc if you good with scalping you can handle with it we can`t track btc or chart in current movement but if we get chance to share scalping with you we will do that!!
we looking for breakdown $9500/9100 in next 3/7 days and reaching $8200 and this will be good entry levels due to ( SAM 200 there )and also lower trendline for this Descending Channel on Daily TF
We ask Allah reconcile and repay
Comment:
Comment:
BTC breakout Channel if you trades Btc since our update you gained +5.5% if you trade sec signal we shared on Tg you gained +4.5%
We ask Allah reconcile and repay
Comment:
New Update
We ask Allah reconcile and repay
👋 Be a trader, not a gambler, by following risk/capital management!!
🎉Get Your Discount Today! (Limited offer)
t.me/PCS_Signals_Results/6922
We ask Allah reconcile and repay ❤️🙏
🎉Get Your Discount Today! (Limited offer)
t.me/PCS_Signals_Results/6922
We ask Allah reconcile and repay ❤️🙏
+3.5 in 16 Min