#Bitcoin Price Prediction ( Daily Update 6/11/2019)
Good morning dears bulls & bears this is our daily update for btc ,
Please read these details we mentioned below this chart carefully. Thank you for your support.
(Don't forget to support our idea Press like means :love: leave feedback means you appreciate our work, and we are thankful for both!!)
10 Days passed with stability above $9000 ( SMA-200) with falling to breakout $9450 (SMA 100)
as we mentioned since 4 days On Tg
4H shows Btc trying breakout this local resistance at $9400 but looks bulls missing the power to doing that, so the bounce from this resistance again we will see $9000 and for sure the breakout $9400 will give the market good push up and this will be cool for sure!!
Yes Btc visited $91XX about 3 times after this update and every time got small rebound to $93XX/94XX and during that we shared scalping signals with you but btc fails to breakout it
In this update, we will review movement for btc on multiple time frame with a short explanation for this movement after that we will tell about the information we extracted from the chart with the most important levels of the current movement and what the current procedure we will follow, stay tuned :)
Abbreviation Of analysis
Enjoy with explaining and extra info about current movement between $7100 /$10950:
(4H Frame)
Shows BTC bounced again from $9400 with bearish candles from it but we can see btc still moves inside this Ascending channel there
(Daily frame)
Shows Btc still trapped between (SMA 200 - 100)
(Weekly frame)
Despite this amazing pump from $7XXX in last weeks but on weekly frame btc still, move below this bearish trend from $13750 and every time create another LH as a sign for dominate from bears on weekly.
(Monthly frame)
from the first look, you can see long wick from (SMA 25) there with a green body, yes it`s a good sign for bulls and shows how they are fighting there, but the rules say the candle looks Doji and he result of the battle was a draw although that was big pump but bulls still move below bearish barrier.
So from that chart, we extract
Bulls are trying hard to shows control but they need to prove themselves and this will happen by breakout $10950 as we mentioned in all previous updates.
Close above $10950 daily/weekly will erase this LH on weekly frame and this will be the first sign of domination, for sure they need to do more than that, but this is the closest sign they need to achieve.
But if they fail to do that and the bears breakdown $9000 (SMA 200 again) Probably we will see btc dump once again to $8700 /8300/7900 maybe lower to $6600/6100 the last line on our retracement plan since 27 Jun
now we hope the chart is easy for you to understand.
Current Action:
we will keep tracking 4H frame and trade the channel limits by buy reversal candle from channel support until btc decide what the next
Current signals we have :
$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
$7400/$7100 mentions since 27 Jun / 24 Sep and 24 Oct also On TG channel
$8650 Hit TP3 +20% Still active
$9108 Hit TP2 + 2.5 % Still active
$9160 Hit TP3 + 3.75% Still active
$9270 Hit TP3 + 4.5% Still active
$9205 Hit TP3 + 2.8% Still active
Stop_loss at breakeven
Good luck to all.
The Wild Crypto™,
We ask Allah reconcile and repay
Please read these details we mentioned below this chart carefully. Thank you for your support.
(Don't forget to support our idea Press like means :love: leave feedback means you appreciate our work, and we are thankful for both!!)
10 Days passed with stability above $9000 ( SMA-200) with falling to breakout $9450 (SMA 100)
as we mentioned since 4 days On Tg
4H shows Btc trying breakout this local resistance at $9400 but looks bulls missing the power to doing that, so the bounce from this resistance again we will see $9000 and for sure the breakout $9400 will give the market good push up and this will be cool for sure!!
Yes Btc visited $91XX about 3 times after this update and every time got small rebound to $93XX/94XX and during that we shared scalping signals with you but btc fails to breakout it
In this update, we will review movement for btc on multiple time frame with a short explanation for this movement after that we will tell about the information we extracted from the chart with the most important levels of the current movement and what the current procedure we will follow, stay tuned :)
Abbreviation Of analysis
Enjoy with explaining and extra info about current movement between $7100 /$10950:
(4H Frame)
Shows BTC bounced again from $9400 with bearish candles from it but we can see btc still moves inside this Ascending channel there
(Daily frame)
Shows Btc still trapped between (SMA 200 - 100)
(Weekly frame)
Despite this amazing pump from $7XXX in last weeks but on weekly frame btc still, move below this bearish trend from $13750 and every time create another LH as a sign for dominate from bears on weekly.
(Monthly frame)
from the first look, you can see long wick from (SMA 25) there with a green body, yes it`s a good sign for bulls and shows how they are fighting there, but the rules say the candle looks Doji and he result of the battle was a draw although that was big pump but bulls still move below bearish barrier.
So from that chart, we extract
Bulls are trying hard to shows control but they need to prove themselves and this will happen by breakout $10950 as we mentioned in all previous updates.
Close above $10950 daily/weekly will erase this LH on weekly frame and this will be the first sign of domination, for sure they need to do more than that, but this is the closest sign they need to achieve.
But if they fail to do that and the bears breakdown $9000 (SMA 200 again) Probably we will see btc dump once again to $8700 /8300/7900 maybe lower to $6600/6100 the last line on our retracement plan since 27 Jun
now we hope the chart is easy for you to understand.
Current Action:
we will keep tracking 4H frame and trade the channel limits by buy reversal candle from channel support until btc decide what the next
Current signals we have :
$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
$7400/$7100 mentions since 27 Jun / 24 Sep and 24 Oct also On TG channel
$8650 Hit TP3 +20% Still active
$9108 Hit TP2 + 2.5 % Still active
$9160 Hit TP3 + 3.75% Still active
$9270 Hit TP3 + 4.5% Still active
$9205 Hit TP3 + 2.8% Still active
Stop_loss at breakeven
- Q&S
Is that time for mega bullish once again?
to say that, we need btc to back above $10950 once again daily/weekly as the first sign for the power of bulls and confirm that by breakout $13750 daily/monthly
What your vision for the long term?!
new ATH Target at $27000 $36000 as long as btc holding above 5500 monthly breakdowns it we will see $1500 this time
About continue retracement to $6600/6100?
Yes Btc has big chance to visit these levels as long as btc move below $10950 Daily / weekly,
There some people asking if btc can go below $5500 again?!
The answer this is crypto so this can happen easily but as long as btc hold above $5500 monthly hard to say that, yeah monthly frame looks bad( shows positive reaction now) but btc still move in a good range so don`t care about what will happen tomorrow just care about now, if you did, you will be ready for anything.
Price Prediction:
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, the closing 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 to this bad performance on monthly frame
About Our Predictions!!
Our trades don`t depend on the prediction, our trades based on movement and reaction, so you need to know the expectation does not mean imposing what you want or force it to happen 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 in the movement this what we sell and buy, not the expectation.
so we care about movement more than expectations!! but if btc follows what we expect this will be nice, but if btc fail to do that we care about movement and how to trade it, no more.
For more info about how our bitcoin updates work check this
bit.ly/30DchPd
Good luck to all.
The Wild Crypto™,
We ask Allah reconcile and repay
Comment:
We ask Allah reconcile and repay
Comment:
Comment:
Bears Breakdown Channel still above $9000 as we mentioned in this analysis if the bears breakdown $9000 ( SMA 200 again) Probably we will see btc dump once again to $8700 /8300/7900 maybe lower to $6600/6100 the last line on our retracement plan since 27 Jun
We ask Allah reconcile and repay
👋 Be a trader, not a gambler, by following risk/capital management!!
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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 ❤️🙏