#BTC Morning updates ( 30/7/2019)

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar

Good morning to all traders, bulls & bears
Please read the details we mentioned below the chart carefully. Thank you for your support

In the last update, we published idea was talking about The scenario for holding above $9100 and we mentioned if Bulls held btc above $9100/9000 well without close daily below it we will see a chance for Double bottom pattern ( and there is Bullish Divergence , supporting it.
also, we mentioned
Weekly frame shows bad performance for btc also monthly !!
and for us we looking for more dips by close below $9100/9000 daily
But if btc fail to close below that and bulls defend well about this levels, btc will rebound again to $9900/10500 !! and our action was waiting for daily close and check the performance for bulls in the last 24 H!!

Now 24 H Passed During that
The bull fails to show more power and btc fails to break ( SMA 100) 1 H $9750/9900 !!
The bulls fails to breakout the neckline for the double top pattern at $9750/9900!!!
and btc got a negative daily close
with the weekly and monthly closures !!
all of these signs will make us wait more before decided to join btc !!

Current action:
we looking for a dump to $8700/8200 third support in our plan from $13750 if btc didn`t follow and breakout $9750/9900 probably, in this case, we will trade btc !!

About our retracement plan from $13750 !!
Nothing changes in our plan, as long as, btc move below $10500/11500 daily, we still looking for more dips !!
breakdown $9100 / $9000 daily, will come with selloff for btc ,
and support below these levels comes at
and we looking for entry from these levels

In the short term, This plan still active as long as btc moving below $10500/11500 daily
In the Midterm, This plan still active as long as btc moving below $13750 daily

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 trade with movement!!

we were waiting for dump $13750

from $12800/13200 we were waiting for dump

from $11750/12000 we were waiting for dump

from $10650/10850 we were waiting for dump

from $11050/10750 we were waiting for dump

from $9200 we were looking for scalping

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.

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
Be a trader, not a gambler, by following risk/capital management!!

Free channels for All updates & Signals.
🐊 (BTC)
✅ Alts:
We ask Allah reconcile and repay


Agree, very nice setup bro. I like to share something caught my eyes, price should not breakdown 17 Jul low, if we look to wicks and 2d candles close on 2d chart, 2017 blue uptrend channel resistance/support are still playing nice. same line was working as resistance now turned to be a support!! we also got 2d hidden bull div in play.
+1 Reply
Wow. I am very new to the space and wish I could sit with you for a week and soak in all the knowledge. I am very impressed.
+1 Reply
HamadaMark Cityboytosandman
:) Thanks for your kind words dear @Cityboytosandman, we really appreciate it and welcome to crypto space.
+1 Reply
f3rG0D f3rG0D
+1 Reply
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