HamadaMark

#BTC Mid Day update 12/7/2019 !

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
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Please read the details we mentioned below the chart carefully. Thank you for your support !!


In the Last update, we talked about $11500 and what next target if btc breakdown it , and what will happen if btc hold well above it !!
and our expectations were: ( Short term)
we can see sideways movement for BTC for the next 3 days, but if BTC didn`t follow that, we expect more drop and resume our retracement plan by breakdown $11500 daily !!

After our update BTC breakout $11500 daily and hit $10930
by breakdown $11500 we set these levels as initial support levels for BTC
10950
10650
10350
After breakout $11500 daily!! BTC Hit $10935 and rebounded to $11700 in current time, In the morning updates, we got a scalp from $11250 Booked profit at $11600 still active


Current movement:
4H TF
Btc showing a retest for ( SMA 100 ) $11750 on 4 H TF, also there is a chance for H&S pattern, so bounce from this levels btc will do more retrace in next days, also by closing daily below $11500 last night our retracement plan since $13750 resumed again, and more confirmation will happen if btc close weekly at or below $11500/11600

Daily TF:
Btc still move above ( SMA 25) breakdown it supports continue our retracement plan


Current Action:
we will wait for a drop from $11750/12000 as current resistance for H&S pattern


A brief summary of our retracement plan :
sell at 13750 and wait for dump
from $13750 we set these levels as important levels for BTC retracement!!

$10550/10350 Good for Scalping we got scalp form it to $12900
$9500 Good for Scalping we got a scalp from $9850/9650 close early at entry
$8200 Good for Mid Term
$7400 Good for Mid Term
$6600 Good for Mid/Long Term

and we mentioned the best buy zones at
$8200
$7400
$6600
this plan still active as long as BTC below $13750 daily !! said since our prediction for dump from $13750 !!


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 $11500 monthly as we mentioned !!


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, fail to do that we care about movement and trading it no more


Ps:
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!!


Summary about our updates for BTC movement in last week: ( Short_ Term Updates)

#BTC When BTC will confirming The New ATH !!
In this update from $13300, we mentioned $13750 /14200 as weekly resistance and we were waiting for price action from it to indicate a new entry for BTC BTC from it get a drop to $9650


sell at 13750 and wait for dump

Retracement levels and best buy zones after bounced from $13750
That was our plan for BTC retracement movement mentioned on it best and the most strong levels for BTC and we traded it also!!

BTC from $13750 Hit first target and active our scalping time to small rebound

book scalping profit and wait for another drop !!

After $13750 $10550 the first target achieved what the next?
in this Update, we indicated a drop to $9500/9200 BTC hit $9650 and rebounded we got scalping from $9800/9650 but closed early at entry


#BTC Our Answer about is $9600 was the lowest point for BTC ?!
In this update, we talked about what bulls need to do and mentioned $11350 as first step to Bulls to erasure this weakness on the weekly frame, we got a scalp from $10650 and we traded the breakout $11350 to $11720 also


#BTC NEXT FOMO !!
In this update, we talked about the possibility for H&S pattern and what that means in Bullish movement and why btc can go higher easily and what you should do with this movement?! set $10650/10350 as support for this pattern and What are the conditions that make the pattern valid !!



#BTC fomo or fud?!! Be safe, and read what the update says !!
In this update, we indicated drop from $11600 to 10950 BTC hit all targets, and we confirmed that $10650/10350 still current support for btc H&S pattern Btc hit $10760 and rebounded we got scalp from $11000!!


#BTC Mid Day update
This update shared late due to some problem with the connection
In this update, we talked about stability above $11350 and our trade with BTC since $10750 also H&S pattern still valid, and new pennant pattern and what breakout and breakdown means for it and shared a brief summary for our retracement plan and what the condition to terminate it or keep it running, also we set expect for hit $10350/10650 if BTC failed to close about $11850 daily after that by 10 Hours BTC hit $11850 also we get scalp from $11380 !!





Our long term update about BTC ATH and conditions for it
BTC-Simple-Explanation-for-NEW-ATH-Dips-Best-Buy-Zones

#BTC Is That Time For New ATH? ATH / Disp / Support / resistance ATH Targets / Best buy zone Check it

#BTC fails to Achieve The NEW ATH Condition!! What the next?


Our signals: Some of them still active the last target is Hold we hold for max profit
$3150 ( Signal Proof) Hit $13750 Still active
$3322 ( Signal Proof) Hit $13750 Still active
$3762 ( Signal Proof) Hit $13750 Still active
$4050 ( Signal Proof) Hit $13750 Still active


$7800 ( Signal Proof) Booked Profit at $8550 Price Hit $13750 Still active
$8245 ( Signal Proof) Booked Profit at $9070 Price Hit $13750 Still active
$8720 ( Signal Proof) Booked Profit at $9100 Price Hit $13750 Still active
$9350 closed at $9280 -0.75% ( Signal Proof)
$9260 ( Signal Proof) Booked profit at $9700 Price Hit $13750 Still active

$10550 ( Signal Proof) Booked profit at $10850 done
$10650 ( Signal Proof ) Booked profit at $10900 Price Hit $11240 done
$10950 ( Signal Proof ) Booked profit at $12000 Price Hit $13400 done
$12550 ( Signal Proof ) Booked profit at $13150 done
$13690 ( Signal Proof ) Booked profit at 13750 done
$11900 ( Signal Proof ) Canceled
$10450 ( Signal Proof ) Booked profit at $11150 done
$10950 closed at entry
$11700 ( Signal Proof ) Booked profit at $12150 Hit $12440 done
$11350 ( Signal Proof ) Booked profit at 11850 Hit 12250 done
$11050 ( Signal Proof ) Booked profit at 11188 done
$11100 ( Signal Proof ) closed at entry
$9070/8800 ( Signal Proof ) Canceled
$9800 /9650 ( Signal Proof ) Closed at entry then Btc hit $11350 !!
$10100 ( Signal Proof ) Hit Sl -2.5% Then Btc Hit $11350
$10650 ( Signal Proof ) Booked profit at $11150 Still Active in trading view
$11250 ( Signal Proof ) Booked profit at11450 done
$11250 ( Signal Proof ) Booked profit at $11750 done
$11480 ( Signal Proof ) Booked profit at TP1 $11850 done
$11550 ( Signal Proof ) Booked profit at TP1 $11850 done

$11000 ( Signal Proof ) Booked profit at 11500 done
from $11385( Signal Proof ) Booked profit at 11650 done
from $11200 ( Signal Proof ) closed at entry today early close
from $11380 ( Signal Proof ) closed at $11250 due to this bounced from SMA 200 on 30 min TF -1.20% done
from $11425( Signal Proof ) Booked profit at 11530 done
from $11380 ( Signal Proof ) Booked profit at $11850 done
from $11950( Signal Proof ) closed at entry or11860 working in a new setup done
from $12200 ( Signal Proof ) Booked profit at 12380 Done
from $12620 ( Signal Proof ) Booked profit at $13000 done
from $11680 ( Signal Proof ) Booked profit at $12200 done
from $11710 ( Signal Proof ) Booked profit at 11950 done
from $11400 ( Signal Proof ) closed early at $11430
from $11430 ( Signal Proof ) Booked profit at $11850 done
from $11650 ( Signal Proof ) Booked profit at $11850 done
from $11250 ( Signal Proof ) Booked profit at $11600 still active

Good luck to all.
The Wild Crypto™,
We ask Allah reconcile and repay
Comment: The signal from $11250 Split your hold target on these targets
$11850
$12050
$HOLD

Sl at entry

as we mentioned $11750/12000 is current resistance for H&S pattern, and wait for reversal signal from these levels
But
if btc breakout them directly and didn`t bounce, probably we will get more scalp if we are here in the right time
We ask Allah reconcile and repay
Trade closed: target reached: The signal from $11250 HIT TP at 11850 Check Next Targets
for now


Scalp Stability above (SMA 25)

#BTCUSDC

Buy Between: 11690 - 11400

Target 1: 11821
Target 2: 11967
Target 4: HOLD


Stoploss: 11241

Invest: 10%
Risk AVG: 2%



TA
as we mentioned $11750/12000 is current resistance for H&S pattern, and wait for reversal signal from these levels
But
if btc breakout them directly and didn`t bounce, probably we will get more scalp if we are here in the right time
We ask Allah reconcile and repay
Comment: The last scalp based on stability above ( SMA 25) so if btc fails to rebound and hit targets and breakdown (SMA 25) we will cancel this signal

Be sure you follow updates closely





We ask Allah reconcile and repay
Order cancelled: Cancel the last scalp

current price 11610 got some work to do so its hard to follow the market in the current time
Scalping from $11250 Sl at entry we booked profit at $11850

If BTC didn`t rebound and breakdown (SMA 25) $11500
Next Supports located at

$11100
$10650 Breakdown Confirm full H&S

and if the price reaches $10650/10500 means H&S as we mentioned in our analysis means more retrace for btc based on our plan from $13750


We ask Allah reconcile and repay
Comment:

If BTC didn`t rebound and breakdown (SMA 25) $11500
Next Supports located at

$11100
$10650 Breakdown Confirm full H&S

and if the price reaches $10650/10500 means H&S as we mentioned in our analysis means more retrace for btc based on our plan from $13750
We ask Allah reconcile and repay
Comment: Btc Dump from 11610 to $1510 by 10 mint after cancellation last btc signal
That what mean tracking market and movement if you don`t have time to do there no need to trade until you get free time to do that
We ask Allah reconcile and repay
Comment: In The Current update, we will talk about:
When BTC Confirm H&S pattern ?!
Where H&S Targets?!
Which levels we wait to buy BTC !!
Brief Summary of our retracement plan from $13750!!

Check New Update


We ask Allah reconcile and repay
Bitcoin bull fractals daily - Targeting Golden Ratio!
Reply
I think we can compare the forecast with mine.
Btw, nice forecast @HamadaMark . :)
+1 Reply
HamadaMark freshcurra
Cool, Nice setup @freshcurra,
+1 Reply
freshcurra HamadaMark
@HamadaMark, Ok, thanks. You're welcome
Reply
Plz check my share ideas on tradingviwe
+1 Reply
HamadaMark Make_Money_Guru_Bitcoin
Thanks bro@Make_Money_Guru_Bitcoin,
Reply
thanks for great analysis dear hamadamrket, How long do you think the price will reach to the lowet price (about 5k) is ir in jul ? And after that how long will it cost to reach over 20k in this year or 2020 ?
Reply
Market is bullish!
Checkout Total Market cap!

Reply
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