#BTC Morning updates ( 3/8/2019 )

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
1562 16
Good morning bulls & bears
Please read the details we mentioned below this chart carefully. Thank you for your support

In the last update at 30/7/2019 from $9510, we set our condition for trading and said if btc breakout $9750/9900 we will start trading BTC due to we were looking for a dump to $8700/8200review it

on 31/7/2019 update was second-morning updates and it came with an update for btc movement and our condition was the same but this time we took buy act and we posted signal for btc and got entry at $9680!! +9% until now, All Thanks to Allah, review it

on 1/8/2019 update, that was mixed update between short and long term for btc , we talked about the most important challenges facing the BTC to keep moving up and these challenges were at breakout $10250/10750 /11500 $13750 breakout to say yeah btc will go to $15600 17750 again and we explain why that!! review it

Now Btc reached $10850 and we think this is a good time to continue updates!!
Before starting update we would tell you since 31/7/2019 until the current moment, we were trading with the movement and posted about 4/5 signals for btc from
$9685 earned 8.5% still active
$10110 earned +6.5 Still active
$10479 earned + 0.75% closed at entry
$10550/10335 hit both limits and rebounded to $10850 but signal canceled early !!
So, as we told you earlier, we explain the whole movement with trading conditions then we set the closest probability can happen, and after all, we trade with the movement nothing else.

Current movement:

after breakout this Descending channel we mentioned in previous updates, you can see btc climb up inside Ascending channel on the same time frame, The big-picture shows a chance for Ascending triangle also, with a chance for breakout ( SMA200) the third retest since 18 Jul

Daily TF
Show $10750/11150/$11500 ( SMA 40 H/ 0.559 fib level) As strong resistance for btc and this complies with the list of challenges we set in the last update

Current Action:
from $10750/1150 we looking for dump on btc and retest $10650/10350/10150/9850 as current support for movement between $11150/9650!!
Breakout $11500/11750 and close daily above it, we will cancel this view about the dump
breakdown $9500 means more dump for btc

So, now we watching and wait for price reaction for a bounce, or more power from bulls and breakout, and we support bounce and dump !!
we already post scalping 5 on Tg around this resistance $10750/1150 due to there the access and update are easier than here !!

About our retracement plan from $13750 !!
this plan was about dips to
$10500 Btc Hit and rebounded twice
$9500 Btc Hit and rebounded twice
$8200 still active
$7400 still active
$6600 still active

As we explain before breakdown $9100 daily will come with selloff for btc and support below this level comes at
we looking for entry from these levels

Nothing changes in our plan, as long as, btc move below
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!

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

Comment: Scalping summary

(still active)
$9685 earned +8.57% grow up +13%
$10110 earned +7.8% grow up +8%

(closed manually)
$10479 Tp1+0.75% & closed in entry
$10339/10550 closed in entry
$10850 closed in entry

$10896/10754 Stoploss _1.27%

We ask Allah reconcile and repay
Comment: New Update

We ask Allah reconcile and repay
btw first down then up again ... :)
+1 Reply
HamadaMark btcinvests
Yeah, we mention in new update take alook @btcinvests,
Great Idea share by you.
+1 Reply
HamadaMark Make_Money_Guru_Bitcoin
thx bro. btw.. when time into alt coin session?
+1 Reply
U are welcome bro @win777, alts can got good chance if btc. Dominance goes below 65+60 again
Great work as always Mark. At the moment I believe it is useful to see how the Adam and Eve formation traded in the past. Take a look.

+1 Reply
HamadaMark TradingShot
Thanks, Dear @TradingShot, looks we got breakout directly with full retracement
Powerful resistance and channel buddy.
+1 Reply
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