Hello Everyone! In the beginning, your support means a lot to us and encourages us to continue so Thanks for all support you provide.
Today we are on a date with the publication of another BTC update on the main page. our last update on the main page was published 40 days ago but below it we continuous updates, the last of which was a few days ago you can take a look there.
25 Oct 2021 we shared this article with you here on Tradingview, it was talking about movement scenarios and some trading tips, etc. we would you to take a look from .
Related to the last update below the main article we posted on 10 May! In the Previously weekly update ! a few days ago Bulls succeed to reach 32K for a very short time before returning below 29K levels again and left a long wick on the weekly time frame which expresses how bears are still strong and do not allows to bulls to take the lead this fast and how bulls still far to reverse the trend and being bullish again.
for short-term movement, bulls need to push prices again above 32K with the daily or weekly close followed by a breakout for 34/36K and this will not be counted as a trend reversal, this just shows the bulls are still with us on market.
for the long-term, the Bulls need to breakout 45K/47K and this will be a good step from the bulls and shows their willingness to take the lead.
for now, the market is still in a bearish trend and targeting $22/18 as long as nothing from these bullish steps happens yet.
New weekly update! What an exciting week full of endless events
🕵️♂️Current movement: As you can see clearly it was a bloodbath week, bears make BTC rekt not to 22/18k as we explained in last update but BTC gets 175XX which means about -75% from ATH, During that week we were trying to keep you updated with daily posts about movement etc, but we are not here to mention something and said it goes as what we expected we were right. we are here to give you an update about market movement and how we see it, maybe you agree maybe not, but at least you are not bound by anything mentioned here,
This week BTC drop below MA 200 and 2017 ATH as well since Dec 2021, So do we will see BTC stop and take their breath or we will see another LUNA collapse here!
if you ask us about that we will say everything is possible but let us read what the chart says!
📖 The Chart Tells Stories! if you compare previous cycles for BTC and the current dump you will see BTC down by -75% which means BTC still has some dip if we are going by -93% / -85% / -84% as in previous cycles! which means 13K and 5K/3K in the range! if BTC repeats what happen before! this update show kind off about the previous cycle is not the best analysis but it might help you can take a look from
🤔 What After 17K, Previously we said we looking for a rebound to 25/28/30k from the 22/19K zone based on the last view on the weekly update we shared, and set this term for more bearish movement which said if BTC closed below 19K Daily/weekly, in this case, we will see prices reaching $16 / $13 / 9K around MA 300 and lower about -85% from ATH at 69K.
Yeah BTC closed below 19K and hit 175XX with the rebound to 19K
Probably The third quarter of the year will make bears lose some momentum and BTC will be between some rebound and slow movement before the last drop to 13K /5K at the end of the year that extends to the first quarter of 2023. so we might see BTC ranging between 18k / 23 / 28K before going to 13K!
Based on the trading plan we shared, we already have limits at these levels, and we see a fast dump will be better than a boring recession.
🎬Current action: we have an entry average of around $19850 and a trading plan we shared with you as well so we will stick with both and if there is something new we will update you.
Major resistance levels 📈 $28/$32 CME gap and work as retracement targets as well 36/40k first resistance line reclaiming it weekly = bulls send a message. 45K/47k. resistance area reclaiming it = bulls are here 50/55K. reclaiming weekly = Bulls back to revenge 65K. weekly close = new ATH around 75K/83/95K
Major Support levels 📉 time to mention these levels which we avoided whole this time to not make people panic!
$17500 $15500 Q3 support $13000 -82% for BTC from ATH ( previous cycle dip) $9500 old CME GAP ( market rekt) $5500 ( people disbelief) $3200 ( smart money comes) - Saylor's MicroStrategy out $1500 Saylor arr***ed or kil***g himself.
the levels we mentioned above will make some people terrified, and some people attack us but be sure we are normal people we don't know the unseen or have crystal balls, and we may be right or wrong. The point of mentioning these levels is to make you ready, not spread fears, the point is to make you stick with risk management, we do not tell you this is the bottom and fomo you with X100 to rekt easily, and not FUD you as well, we telling you to stick with risk management and review your plan that's all.
important dates for BTC !! 👀 let us watch the Bulls&Bears performance on these dates:
Update Previous Dates 7 June Was pump and dump day BTC loss&got -7% this day was price action followed by - 44% for BTC 10 June Breakdown 29K support - 40% for BTC 14 June mixed day between +/- 7% BTC hit 20K first time since Dec 2020
Incoming Dates 21 June 27 June 3 Jul 7 Jul 13 Jul
Ps: These dates do not tell you to buy or sell, but you can use it in your TA as a time factor for patterns, trends, etc.
Remember, The person who is obsessed with bullish thought can extract 10000 scenarios for bullish movement and the same with a bearish person. for us, we extract both sides and we define the best buy /sell zone and trade based on that, and what we care about is what happens. As analysts, we have to explain both bullish and bearish directions, and if there is a chance to give a personal prediction for the next movement we will do as like previous analyses. Also, you do not have to worry about what or how i think, but you have to worry about what is happening and what you can do based on it. So, Be bullish or bearish as you want, But be sure you cannot impose what you want or force it to happen. so be ready for everything.
Ps: We don't short btc Our view might be right or wrong, so be sure to do your own research. Following any signal or any update we share is your decision and at your own risk. Share a trade or take scalping entry does not mean any change on our TA view, if there is something new we will share that on a new TA post.
This is not financial advice, The purpose of these Charts is to give you an idea about coin movement (not buy or sell signal) so before following any idea be sure to do your own research, and follow your risk management. Also, the information we mentioned here is a personal effort that is subject to success or failure and we welcome constructive criticism. Remember that the Cryptocurrency market is very volatile and not suitable for everyone, so be aware of what you will do before you start.
Good luck to all. 🙏we ask Allah reconcile and repay🙏
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During a time like that, you will see many stories on Reddit Twitter, etc talking about how crypto scams and how they lost everything, etc, this is regular in the bear cycle, so make the point of you reading these stories to learn from people's mistake and make a list to avoid falling in the same mistake.
Once again trading without a plan is like gambling nothing different, so set a trading plan and follow it, if you can't do that here trading plans we set. 👇 you can check out it in previous update .
⚔️Set your Battle plan, 💣 If you make your plan and lose the battle, at least you will learn from your mistakes, but if you don't, this is the real loss.
"This is How Trading goes" The green days passed and red days have come, it's a cycle, nothing can still be the same forever.
But the question is do you have a plan for this red cycle, as were your dreams in the green one?! Did you prepare yourself from the green days to survive to safely pass these red days?! if you did that, then you have nothing to worry about.
What we did and what we shared with you?! We are ready for that for a long time, we save our ammo for this fight, we try to avoid the loss as we can, we want to be this surviving until the storm passes, then start again
What's our ammo in this fight?! if you want to be this survivor, be sure to learn how to manage your Ammo(FIAT) with the risk management, before you take a real step, set your plan and check Risk/Reward if you want to win this fight. if you did that, then welcome to the real trader's community!
Why risk management! The main thing you need to know is you can't survivor here without risk management, The trading is like a battle, and your ammo in this battle is your money", so if you wasted your ammo without management, you will lose the battle, or you will get killed"so stay safe, by following risk management.
There are some people who want to earn $1000 with a trading capital of $100 for that they ignore risk management most of them go to leverage (money holocaust), then they lose their money!! actually lose everything, more than the money they lose, they lost their trust in themself.
You have to know that the market is about ratio and proportionality!! So, if you earned $10 with $100 trading capital this is a good thing, and if you turned $100 to $200, with risk management, this is called trader, until you kept a fixed ratio of profit, in this time you deserve to call yourself a trader (Pro Trader) for sure, this can`t happen overnight, so you need to train yourself and mental preparation, etc, and with this, you will make a profit with us or alone if you learned how to do that, now know how trading works and why risk management is important.
Not much important how much you gain from green days as how much you will be survivor during red days, during green your kids can give you buy signals, during red days only survivors will stay and ride the new wave.
so decide which one you want to be.
🙏we ask Allah reconcile and repay🙏
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6/20/2022 [In reply Good rebound from the bulls before the weekend, But overall performance is still negative bulls need more than this rebound let's say start by reclaiming 24K/26K will be a step for 28/30K CME GAP So Let's see how bulls perform in the coming days
As mentioned above in the weekly update below this part " What After 17K, " Previously we said we looking for a rebound to 25/28/30k from the 22/19K zone based on the last view on the weekly update we shared, and set this term for more bearish movement which said if BTC closed below 19K Daily/weekly, in this case, we will see prices reaching $16 / $13 / 9K around MA 300 and lower about -85% from ATH at 69K. Yeah BTC closed below 19K and hit 175XX with the rebound to 19K
Probably The third quarter of the year will make bears lose some momentum and BTC will be between some rebound and slow movement before the last drop to 13K /5K at the end of the year that extends to the first quarter of 2023. so we might see BTC ranging between 18k / 23 / 28K before going to 13K!
Based on the trading plan we shared, we already have limits at these levels, and we see a fast dump will be better than a boring recession.
So clearly we are looking for bullish retracement and profitable weeks in the third quarter of 2022!
The snapshot below shows many MA let focus on MA 200 / MA300 (white one) and in the previous cycle when BTC hit this MA 300 we see a good rebound But we believe this time it will be different, so we might see BTC get down below MA300 to 13/5K! but to erase these negative views bulls need to reclaim $28/34 fast as this drop happens followed by a breakout for 47K and if this does not happen, then the shark is still waiting in the Dark so be careful.
During that we trade movement and what chart tells as we doing always
and we already got this long position with the trading plan.
Current Active long position Buy average from 198XX
Trading plan (link removed)
What is the point of setting expectations for movement! (link removed)
incoming days we will focus on major changes on the chart so probably daily updates will be less the point of that is to make people focus on current trading plans and long-term limits.
if our work and update are useful for you let us know in the comment section on trading view, your opinion is always appreciated.
Ps: We don't short btc Our view might be right or wrong, so be sure to do your own research. Following any signal or any update we share is your decision and at your own risk. Share a trade or take scalping entry does not mean any change on our TA view, if there is something new we will share that on a new TA post.
Our trip for this movement started from here 👇 (link removed)
Please read this user guide 📖 , before you follow us: 👇 (link removed)
Good luck to all. 🙏we ask Allah reconcile and repay🙏
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#BTCUSDT
In Previously update, we said Probably The third quarter of the year will make bears lose some momentum and BTC will be between some rebound and slow movement before the last drop to 13K /5K at the end of the year extends to the first quarter of 2023. so we might see BTC ranging between 18k / 23 / 28K before going to 13K!
🕵️♂️Current movement: for the last two weeks BTC reached 17K with a rebound to 21K during that bulls were trying to make a breakout, but they fail every time, and make most people look for another low below 17k, for two weeks BTC ranged between 18/21K, and today the price is back again below 19K so do we will see BTC go directly to 15/13/10K or it will retest this low around $17/16 to create a bullish 2b or any bullish pattern to rebound again!
if we consider the performance on the higher frames like weekly and monthly, we will see full dominance from bears and no strong sign of bulls support rebound yet, this is enough to explain we might see BTC down to $13500 /$10500 in the case if BTC got weekly close below 19/17K.
We already re-explained where is lower targets for BTC located below "The chart tells stories!"
🎬Current action: Previously we moved SL to entry for this signal from $19850 already booked target at 212XX.
Right now we tracking movement to share another buy signal below 19K if the current support breakdown, our buy limits will be between (10875 - 12688 - 14600) Position size will be 15% of your wallet and hold 85% in FIAT.
During that, we will be tracking bulls performance at 19/17K if bulls fail to breakout we will re-enter this zone again.
Major resistance levels 📈 24K bulls say something $28/$32 CME gap and work as retracement targets as well 36/40k first resistance line reclaiming it weekly = bulls send a message. 45K/47k. resistance area reclaiming it = bulls are here 50/55K. reclaiming weekly = Bulls back to revenge 65K. weekly close = new ATH around 75K/83/95K
Major Support levels 📉 time to mention these levels which we avoided whole this time to not make people panic!
$17500 /$15500 Q3 support $13000 -82% for BTC from ATH ( previous cycle dip) $9500 old CME GAP ( market rekt) $5500 ( people disbelief) $3200 ( smart money comes) - Saylor's MicroStrategy out $1500 Saylor arr***ed or kil***g himself.
The levels we mentioned above will make some people terrified, and some people attack us but be sure we are normal people we don't know the unseen or have crystal balls, and we may be right or wrong. The point of mentioning these levels is to make you ready, not spread fears, the point is to make you stick with risk management, we do not tell you this is the bottom and fomo you with X100 to rekt easily, and not FUD you as well, we telling you to stick with risk management and review your plan that's all.
important dates for BTC !! 👀 let us watch the Bulls&Bears performance on these dates:
Update Previous Dates: 21 June BTC hit 217XX first time since this dump to 17K with print a price action candle followed by -8% after that.
27 June bulls fail to break out again dumping from 21500 to 188XX right now -12%
Incoming Dates 3 Jul 7 Jul 13 Jul
Ps: These dates do not tell you to buy or sell, but you can use it in your TA as a time factor for patterns, trends, etc.
Ps: We don't short btc Our view might be right or wrong, so be sure to do your own research. Following any signal or any update we share is your decision and at your own risk. Share a trade or take scalping entry does not mean any change on our TA view, if there is something new we will share that on a new TA post.
Our trip for this movement started from here 👇 (link removed)
Trading Plan with long-term limits since Jan 2021 (link removed)
Please read this user guide 📖 , before you follow us: 👇 (link removed)
Good luck to all. 🙏we ask Allah reconcile and repay🙏
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For BTC lovers Who are trading BTC only, They can take a long position with 10% of their wallet and try to make an average buy between current prices 198XX and 17K stop-loss will be weekly close below 16K
Be sure you are holding 90% of your wallet on FIAT.
————————- if you are trading multiple assets, you can trade regular signals we share with you or make BTC take up 10% of your portfolio. and Your FIAT shouldn't be less than 80% FIAT like USD/USDC/BUSD/USDT
Our trip for this movement started from here 👇 (link removed)
Please read this user guide 📖 , before you follow us: 👇 (link removed)
Good luck to all. 🙏we ask Allah reconcile and repay🙏
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Earlier Today! Current Price $23550 BTC Lover Sell 50% of your investment between $21600/21770, Keep HOLD 50% Sl at your entry AVG. 🙏we ask Allah reconcile and repay🙏
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Weekly Close is done! and we can see the Bulls have failed to reclaim 24K before it, at the same time the weekly close came above 21K at $22500! Really we see bulls lacking strength after this rejection from MA 200 on weekly TF, for six weeks BTC moves below MA 200 first time ever!
🕵️♂️Current movement: for now 21K / 20K working as local support for BTC if bulls keep holding above it we might see another flash pump to 24/26/28K
if not and BTC closed below it then we will see this sell-off we talked about to start by 18K and once a breakdown 16K confirmed by a weekly close below $14/$13/$10 will be in range! and this will be the end of green days in quarter 3 of 2022 and continue red days again!
So keep your eyes on 21K/20K for now and see how bulls will handle that.
🎬Current action: All signals we have SL has moved to entry a week ago, since that, we stay in shadow and keep watching BTC!
Whatever happen we looking for another sell-off This time it will be a boring and harder drop to 15/13/10K probably. This prediction fails if BTC reclaims 42/45K with a weekly close above!
FOMC Day coming this week maybe on 26 or 28 Jul!
An update explaining The price ranges for BTC and also explaining what we do! (link removed)
Our trip With BTC movement from 69/60K here 👇 (link removed)
Please read this user guide 📖 , before you follow us: 👇 (link removed)
Good luck to all. 🙏we ask Allah reconcile and repay🙏
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BTC lovers update!
We already sold 50% at $21600/21770 and we still holding 50% SL at entry! based on the last update!
At the moment, we are tracking bull's performance at 21/20K and if they hold above it again, we will re-enter this area again.
If not and bears squeezed BTC below $18,000 weekly, followed by 16k, Then this will be our new buy area ($10875 - $12688 - $14600)
The position size will be 25% of your portfolio and keep hold 75% in FIAT(USD-USDC-USDT) etc. ————————————- if you are trading multiple assets, you can trade regular signals we share with you, or make BTC take up 15% of your portfolio. and Your FIAT shouldn't be less than 75% FIAT like USD/USDC/BUSD/USDT
🙏we ask Allah reconcile and repay🙏
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BTC got a nice rebound from the 21/20K zone to 227XX after FOMC news today!
if the bulls failed to make BTC close above 24k probably we will see BTC get rejected again to 20/19K so be careful and do not fomo!
We were not lucky to re-share a new signal from the 21/20K zone although there was good price action there, losing focus.
anyway! Our signals from the $19600 / 19400 /19K zone are still active and move in a good profit
🙏we ask Allah reconcile and repay🙏
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7/30/2022 [In reply BTC Lover from 50% you still hold
Sell 25% at between price $24350/24650
Keep HOLD 25% SL at entry AVG
🙏we ask Allah reconcile and repay🙏
7/30/2022
we still looking for a pullback to $22500/21500 this view will be failed if BTC got close above $25600 Daily / weekly! if this happens trade range will extend to 28K/32K 🙏we ask Allah reconcile and repay🙏
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Based in last update we shared here since 30/7/2022 we said we "we still looking for a pullback to $22500/21500 this view will be failed if BTC got close above $25600 Daily / weekly! if this happens trade range will extend to 28K/32K"
Today after about 20 Days BTC move around 213XX with about -14.5%
Right Now, bulls are testing trust support which we mentioned above, it is located around 21/195XX, ( breakdown it = more panic )
for now, this zone we mentioned might be a scalping area during the weekend before starting the new week!
🙏we ask Allah reconcile and repay🙏
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8/23/2022 In reply Bulls show good defense above the support zone we mentioned in the last update, but you need to know the market is still bearish and every rebound is a dead cat bounce as long as BTC is below 25K for the short-term and 32/42K for the mid-term!
So be careful right now we trade this holding and have active scalping from 212XX
Statement about movement etc link removed 🙏we ask Allah reconcile and repay🙏
8/25/2022 The bulls are still holding above the support zone but look like they failed to breakout and the chart shows weaknes signs for bulls so move SL to entry for the last scalping we have!
A possible scenario for next move!
Statement about movement etc link removed 🙏we ask Allah reconcile and repay🙏
9/5/2022 [In reply Related to the previous scenario if the Bulls Holding is well here we might have another pullback to $21500/22500 before the breakdown to 16/15/14K! So be careful and stick with risk management.
Statement about movement etc link removed 🙏we ask Allah reconcile and repay🙏
9/7/2022 [In reply Although this bad daily close last night bulls hold and got rebounded from $18750 to 194XX at the current time, the support zone we mentioned previously!
The Current movement aims to retest the breakdown for $19500/19650 and we might see another drop again!
if not and the bulls keep this activity with a daily close above $20500, in this case, we will see BTC back to $21500/22500 on the right shoulder of H&S on daily!
for now, we are still outside market watching movement if we see good holding from bulls we will re-share this trading setup at 18XXX/17XXX which we canceled hours ago.
On higher frames movement is still bearish and bears still dominate so be careful! 🙏we ask Allah reconcile and repay🙏
9/9/2022 [In reply The Bulls kept their activity by pushing the prices above $20500, today BTC got +10% from $18750 the upper line for the support zone, And The weekly frame shows good price action Good thing if the bulls keep doing that!
🕵️♂️Current movement: Now main resistance at $21500/22500 as we explained in the last update " said the breakout of $20500 daily will support bulls to reach these levels again, the main thing is if bulls failed to breakout this zone we will see the formation of the right shoulder for this H&S pattern we mentioned days ago which mean another dump but harder!
But if bulls make a good and strong breakout for this zone ($22500) this will support weekly performance and price action there will be more clear to make bulls target 25/28K!
until now we did not get involved with this movement although the last setup was on spot and it seems more clear after this rebound from $18750!
👨💻Our personal opinion,(Biased view, Subject to fail) Regarding the current movement, we don't have a clear expectation if we will see BTC breakout to 25/28/32K or if it will stop at $22500 and dump again so be ready for anything!
In general : As long as BTC is below 45K the main trend remains bearish no matter if BTC went up and retests 35k etc Bulls need to make it close above 45K weekly. During that, every movement is a try to setup a new trend and it might fail or succeed! so stick with risk management and always use stop-loss, if things become more bearish BTC might lose another 50% from here so!
Q4 might be the worse or the bulls will show up and apply some plans to start up a new trend!
🎬Current action: We did not get a chance to re-share this trading setup at $18750/17750 again and the prices went up directly to $20500, So the next trading setup will have a wide range for entries and stop-loss as well so be careful!
About BTC lovers trading plan still the same no change or new update!
🙏we ask Allah reconcile and repay🙏
9/11/2022 [In reply #BTC reached a support zone around $21500/22500 be sure to book some profits if you are not and secure your trade
as we explained in the update above (t.me/WildBitcoin/5075) if the bulls failed to break out this zone we will see the formation of the right shoulder for this H&S pattern we mentioned days ago which means another dump but harder!
But if bulls make a good and strong breakout for this zone ($22500) this will support weekly performance and price action there will be more clear to make bulls target 25/28K!
So be careful!
👨💻Our personal opinion,(Biased view, Subject to fail) Regarding the current movement, we don't have a clear expectation if we will see BTC breakout to 25/28/32K or if it will stop at $22500 and dump again so be ready for anything!
If we give a Biased view it will be for a bearish pullback from this resistance zone so!
In general : As long as BTC is below 45K the main trend remains bearish no matter if BTC went up and retests 35k etc Bulls need to make it close above 45K weekly. During that, every movement is a try to setup a new trend and it might fail or succeed! so stick with risk management and always use stop-loss, if things become more bearish BTC might lose another 50% from here so!
Q4 might be the worse or the bulls will show up and apply some plans to start up a new trend!
🙏we ask Allah reconcile and repay🙏
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9/13/2022 [In reply #BTC Stopped at the resistance zone around 228XX and got a red candle which makes BTC lose -8% after CPI news today!
🕵️♂️Current movement: Right now BTC has two scenarios to follow them! we explained on the chart!
A- Retest 18K again to kick those people who go long BTC in the last rebound then the bulls make another rebound to 22/26/28/32K this time!
B- Completing H&S pattern on daily and get a hard breakdown to 16/14/11K in Oct Nov 2022!
The performance in the next two weeks (15 days) will show clearly which scenario will be supported more on the chart!
🎬Current action: We Stay in shadow and track the movement, if there is any good scalping chance we will share it with you!
👨💻Our personal opinion,(Biased view, Subject to fail) About the current movement: Previously, we were biased to dump from this zone 215XX/225XX again, right now, BTC got dumped by -8% from this zone to 20XXX!
About the scenarios we mentioned above, which scenario we are biased to? we are looking to (A) scenario!
Ps: In general : As long as BTC is below 45K the main trend remains bearish no matter if BTC went up and retests 35k etc Bulls need to make it close above 45K weekly. During that, every movement is a try to setup a new trend and it might fail or succeed! so stick with risk management and always use stop-loss, if things become more bearish BTC might lose another 50% from here so!
Q4 might be the worse or the bulls will show up and apply some plans to start up a new trend!
Important to know! Remember that we make mistakes, and there are good and negative results, we do not have any crystal balls everything mentioned here comes for free, Any scenario we share has the chance to go as we expect or fail! Before you decide to follow anything here be sure to use your mind and your chart to see if you agree with it or not!
Whatever Don't forget that." Be bullish or bearish as you want, But be sure you cannot impose your opinion or force it to happen. so be ready for everything"
As You know! We don't short BTC so using the info above to short BTC is at your own risk. Our view might be Right or Wrong, So Be Sure to Do Your Own Research. Trade any signal we share is your decision and at your own risk. Sharing a trade or take scalping entry does not mean any change in our TA view, if there is something new we will share that through a new TA update. We are responsible for what we write, not for what you understand, so take care and read it carefully to understand it clearly.
Please read this user guide 📖 , before you follow us: 👇 link removed
Good luck to all. 🙏we ask Allah reconcile and repay🙏
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18/9/2022 In reply In last update we said we are biased to A scenario which expect Holding above 18/17k then rebound again to 22/26/28k
Due to current performance on weekly The success rate of this scenario reduced to 50%.
Until chart shows a good price action support rebound so be careful and stick with risk management plan.
We ask Allah reconcile and repay.
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20/9/2022 [In reply #BTC got positive price action today from 18K and prices rebound to $19600 by end of the day
If bulls keep it this way, we might see prices breakout and back above 22K which means scenario A gets nice confirmation and more support on the chart!
Based on the current price action and chart setup we will give a trade signal based on it.
FOMC two days from now, and this might change scenarios if they increased rates by more than 0.75% be careful and stick with risk management.
we ask Allah reconcile and repay.
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#BTC Shows Potential Shark Pattern and Bullish Div on Daily TF, let's see if Bulls will take advantage of these signs and turn the market green in the next 15 days!
23/9/2022 we ask Allah reconcile and repay.
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BTC is Up by +6% since the last update!
few hours ago! We might see a retracement to $19500 guys so be careful. prnt.sc/otgEuNs8812L We ask Allah reconcile and repay
[In reply #BTC In the last update, We were looking for a retracement from $20200 to $19500! But BTC did unexpected retracement to $18800 And back to the starting point again!
At the current time holding above $18800/18500 still support bulls, but if BTC breakdown this area and close daily below 18K then the next dump will be to $17700/16800, etc! Bulls still fight Bears and ( A-B scenarios are still up) Be careful and stick with risk management!
This current dump shows how bears are still strong and do not allow to bulls to recover yet at the same time bulls keep holding well above the 18K zone so chances are 50/50 for both right now due to this performance.
👨💻Our personal opinion,(Biased view, Subject to fail) Previously we were biased to the A scenario then we decreased success the chance to 50% weeks ago
In the current time with current performance on weekly and monthly frames, both scenarios are equal, which means we are not biased to one side. there H&S pattern on the bearish side, and on the bullish side, there is a potential shark with a bullish hide divergence, so bulls and bears try their best to win this fight! In general : As long as BTC is below 45K the main trend remains bearish no matter if BTC went up and retests 35k etc Bulls need to make it close above 45K weekly. During that, every movement is a try to setup a new trend and it might fail or succeed! so stick with risk management and always use stop-loss, if things become more bearish BTC might lose another 50% from here so!
Q4 might be the worse or the bulls will show up and apply some plans to start up a new trend!
🎬Current action: During that, we track movement and take market chances with tight SL.
Important to know! ( link removed)
Please read this user guide 📖 , before you follow us: 👇 ( link removed)
Good luck to all. 🙏we ask Allah reconcile and repay🙏
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#BTC
For now, Bulls are still trying to maintain stability above the edge line ($18400/17800) due if bears pushing prices below these levels with a Daily or weekly close this will be a confirmation for another dip!
During this fight and until we have a winner we keep trading this stability above the support area with strict risk management.
We were lucky to trade the edge line of the support zone at $18400/17800 after cancelation for scalping trade from the 187XX area before CPI news.
PS:
Until now, We are still neutral and have not taken a particular side regarding the current movement which means we are not supporting 20K as the final bottom with a rebound from here to 100K or supporting 10K as the next dip level.
But in general, the plans we've published from February 2021 successively until the last update on TradingView ( Share wait in Dark) are still active. However, most targets for those analyses have been achieved, and the lower targets are still in the range as long as Bitcoin moves below 45K. So be careful, the chances are equal (50/50) to see a BTC dip happen or go up.
Why we don't take sides here at that point, in contrast to the previous analyzes from the $60/$50/40k at this point prices already drop by -75/78% if we compare previous cycles and depend on them only then BTC still have another dip, If we take the growth of the market into account the then market has a chance to rebound and The bias of one opinion will make you miss the opportunity to be flexible which more important than what you are looking for, we apply this rule we have in our strategy “Trade What’s Happening… Not What You Think Is Gonna Happen.” that's all
Maybe you agree or disagree but after all We only publish what we believe in, not what you want to hear.
An update explaining The price ranges for BTC and also explaining what we do! ( link removed)
Please read this user guide 📖 , before you follow us: 👇 ( link removed)
Good luck to all. 🙏we ask Allah reconcile and repay🙏
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#BTC
If we go over the weekly time frame and checked the 11 July 2022 weekly candle we will find the current weekly candle is a copy-paste of the current one which makes you fomo if you are bullish and looking for 25K incoming week if you trade fractals, plus if you zoom out the weekly chart you will notice clearly a potential double bottom pattern something will make you fomo more
But here is our deal! We do not look at it from fomo or fud side, we just trade current movement “Trade What’s Happening… Not What You Think Is Gonna Happen.”
When it is clear and we can predict without gambling we can do that ( when we see the chart support this prediction strongly)
In the Current time! As we mentioned earlier $18500/$17500 is key support for now and if BTC goes below it daily means panic again maybe breakdown to $16500 etc or just a long wick to kick out all people who are longed btc from the 18k zone
for sure the green market in the current global situation is a good thing for most people especially us who don't short the market. but during that be sure to stick with risk management and don't let FOMO to FUD lead you.
An update explaining The price ranges for BTC and also explaining what we do!
Important to know! prnt.sc/ePiqW-UMMnIV Please read this user guide 📖 , before you follow us: 👇 ( link removed)
Good luck to all. 🙏we ask Allah reconcile and repay🙏
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#BTC Print a potential inside bar pattern above key support on weekly with this potential double bottom pattern we mentioned earlier and shark on daily time frame! let's see if this will help bulls to make a movement or not!
Until now we still trading stability above 18500/17500 cautiously and with steady risky management without fomo or fud.
Important to know! prnt.sc/ePiqW-UMMnIV Please read this user guide 📖 , before you follow us: 👇 ( link removed)
Good luck to all. 🙏we ask Allah reconcile and repay🙏
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#BTC went up today by +8% after the last updates
let's see if the bulls will take benefit from overcoming 20500 after 40 days of moving below it or they will fail again.
Remember breakout of 22K weekly will support bulls more but be aware there is FOMC news coming on 2 Nov which can affect the market again with high volatility so be careful!
With these current signs on the daily/weekly chart, they are all supporting the bulls starting from this inside bar and the potential double bottom with the Daily Shark we mentioned earlier, and they can all be seen as signs of a trend reversal But the global situation is still unstable which acts as a strong factor to make all these signs fail and BTC fell again!
Emotionally I'd like BTC to move up and break out, surly the green market helps most people to make money easily! But logical reasoning prevents me from being a FOMO guy calling 100/200K during BTC still moving below 35/45K and trying to overcome 22/25K areas without a breakout of the bearish trend yet!
This shot shows A & B . scenarios
A scenario explains the bullish side and it clearly shows the completion of a double bottom pattern with a breakout of 28/32K!
On B scenario it explains the bearish side and shows the effect in the case if bulls fail to make this breakout and back below $17500 again this time BTC will target $15000/11K without a doubt.
I can easily express my opinion and take a side But if the opposite happens, you will get frustrated and your mind will go numb, worst than that this opinion might make you become FOMO or Fud trader which can cost you a loss in the end! and the consequence will be unsatisfactory.
So Being unbiased sometimes will make you see things beyond being a bullish or bearish person. It will help you to be ready and prepared for anything that might happen without fear or shock from it.
This may not satisfy many, but in the end, this way of thinking helped to avoid the collapse from 60/55K and trade those rebounds from 18/19K.
So at the current time, we hold our long positions from $18300/19500, etc, and track BTC with taking chances and trading cautiously.
Our trip with BTC during 2021/2022 ( link removed)
An update explaining The price ranges for BTC and also explaining what we do! ( link removed)
Please read this user guide 📖 , before you follow us: 👇
Good luck to all. 🙏we ask Allah reconcile and repay🙏
11/8/2022 8:52 PM] Current BTC situation!
BTC lovers update! 8 / 11 /2022
At the moment, we are tracking performance at 18/17K and if the Bulls hold above it again, we will re-enter this area again.
If not and bears push BTC below 17K Daily/weekly, Then this will be our buy limits: - $14600 7.5% Invest - $12688 7.5% Invest - $10875 15% Invest
The position size will be 30% of your portfolio and keep holding 70% in FIAT( USD/BUSD/USDT) etc. ————————————- if you are trading multiple assets, you can make BTC trade BTC with 20% of your portfolio and 10% for the rest assets. (Your FIAT shouldn't be less than 70% FIAT like USD/BUSD/USDT)
Please read this user guide 📖 , before you follow us: 👇
Good luck to all. 🙏we ask Allah reconcile and repay🙏
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#BTCUSDT What an eventful day for the Market and BTC after the update above BTC went down by about -17% to get a daily close at 185XX after wick down to 172XX and 168XX on CME
🕵️♂️Current movement: At the current time, BTC is still above edge support although it achieved a new low in 2022 ( mean on this year) by drop to these levels we mentioned above!
These wicks on lower TF maybe encouraged some people to take long positions and return to the market, but we wouldn't do that and we are still outside!
With this Dump, scenario B became more likely to happen, and as you know, we were on the sidelines and we did not take a clear direction in this short-term movement but in general, and in long term we confirmed that the trend remains Bearish !
🎬Current action: We will stay outside looking for more dump for BTC at least to one of these long-term buy limits levels we have since months ago!
If BTC bulls decide to holding on above edge support at 175XX and show a stability signs we might get involved with another trading setup for short-term.
Major resistance levels 📈 $22 K Bulls persevere 24K bulls send a msg $28/$32 CME gap and work as retracement targets as well 36/40k first resistance line reclaiming it weekly = bulls send a message. 45K/47k. resistance area reclaiming it = bulls are here 50/55K. reclaiming weekly = Bulls back to revenge 65K. weekly close = new ATH around 75K/83/95K
Major Support levels 📉 $17500 /$15500 BTC support for Q4 of 2022 $13000 -82% for BTC from ATH ( previous cycle dip) $9500 old CME GAP ( market rekt) $5500 ( people disbelief) $3200 ( smart money comes) - Saylor's MicroStrategy out $1500 Saylor arr***ed or kil***g himself.
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Good luck to all. 🙏we ask Allah reconcile and repay🙏
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Sorry for making you scroll down this much ! (^-^)
For the first time since Nov 2020 BTC got a Daily close below 16K it take two years to see BTC back in this zone and that's a long time especially in the bearish cycle, always the price goes down faster than goes up! but looks like this did not happen this time! anyway, here we are and BTC went down to 16K zone!
So what next!
based on our main chart above, BTC still has a long way to go down but as we usually say take it a step by step!
for now, 15/10K looks a solid support zone for BTC and as CME has a gap set near 10k as well
So we might see some defense from bulls at this area probably retesting breakdown for 17K before going down and FILL CME GAP!
Recently we posted an update for the trading plan we shared since a month ago maybe it will help you if looking for a BTC trade plan!
Long -long term trade setup!
Main Buy levels: Update 10 - Nov - 2022 14850 2.5% 13150 2.5% 10395 10% 5940 10%
Targets: Target 1: 19305 25% Target 2: 23760 25% Target 3: HOLD 25% Target 4: HOLD 25%
Duration: 45-90-180-360 Days Confidence in Trade: Medium
The position size will be 25% of your portfolio and keep holding 75% in FIAT( USD/BUSD/USDT) etc. With this setup, your entry AVG will be at 83xx if the BTC price goes down and achieved all of these entries we set you will still hold 65% at FIAT which means you can re-average your entry easily from the dip of dip bottom.
We are not sure How long this winter will be so act wisely.
————————————- You always have two choices during times like that 1- catch a falling knife 2- wait until it reaches the right level and takes it after rebound confirmation
And we stick with the second option here the last update for long-term levels we looking to trade and make sure to follow risk management if BTC stops before reaching any of them and decided to rebound early, we will wait for rebound confirmation first then trade it.
Disclaimer: This is not financial advice, The purpose of these Charts is to give you an idea about coin movement (not buy or sell signal) so before following any idea be sure to do your own research, and follow your risk management. Also, the information we mentioned here is a personal effort that is subject to success or failure and we welcome constructive criticism. Remember that the Cryptocurrency market is very volatile and not suitable for everyone, so be aware of what you will do before you start.
Good luck to all. 🙏we ask Allah reconcile and repay🙏
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#BTC BTC has reached a major resistance zone and traders should be cautious as a rejection could lead to panic in the market. According to the last update, it is expected that this will be the last upward movement before a downturn, and this perspective remains unchanged as long as there is no weekly close above 20/22K.
🕵️♂️Current movement: The current performance indicates that bulls are attempting to reverse the trend, but there are not yet any confirmations on the chart. Key resistance located at 20/22K Key Support $16750 below it with weekly close mean bulls attempt to reverse the trend has failed.
🎬Current action: We still held these long positions from $15,800 to $16,300 and $16,700, and stop-losses have been moved to the entry points.
👨💻Our personal opinion,(Biased view, Subject to fail) We are not full bullish yet and the current outlook for BTC is not fully bullish, as the main trend remains bearish. Traders should exercise caution as BTC needs to reach above $20,000 or $22,000 with a weekly close above before optimism can be expressed.
The bottom confirms when the trend reverses not before, during that it's called a potential bottom, and you trade based on that.
Ps: Important to know! prnt.sc/ePiqW-UMMnIV Disclaimer: This is not financial advice, The purpose of these Charts is to give you an idea about coin movement (not buy or sell signal) so before following any idea be sure to do your own research, and follow your risk management. Also, the information we mentioned here is a personal effort that is subject to success or failure and we welcome constructive criticism. Remember that the Cryptocurrency market is very volatile and not suitable for everyone, so be aware of what you will do before you start. Good luck to all. 🙏we ask Allah reconcile and repay🙏
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#BTCUSDT The market has moved up to $20,000/$21,000 and broke resistance line to entered the key resistance zone at $20,000/$22,000 which we mentioned in our last update.
If we see a weekly close above this area, it will confirm the bullish message and make $24,000/$27,000 the next main resistance area and target for bulls.
At this time, we are expecting a retrace from the key resistance area to $19,500/$18,500, which could be the next buying opportunity.
However, it is important to note that if BTC breaches the panic level of $17,500 with a weekly close, it may indicate that the bulls have failed again.
Remember to stay calm, avoid FOMO and FUD and make wise decisions. We are not fully bullish yet until a trend reversal is confirmed
Disclaimer: This is not financial advice, The purpose of these Charts is to give you an idea about coin movement (not buy or sell signal) so before following any idea be sure to do your own research, and follow your risk management. Also, the information we mentioned here is a personal effort that is subject to success or failure and we welcome constructive criticism. Remember that the Cryptocurrency market is very volatile and not suitable for everyone, so be aware of what you will do before you start. Good luck to all. 🙏we ask Allah reconcile and repay🙏
sorry my friend. but this will not be happen... btw i m still bullish and i buy the dip as much i can.
HamadaMark
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With my respect dear @BTCINVESTING, But what i learned on these years i spent on chart an TA is i can't say about any possible scenario it's will not happen, our work is put scenarios and trading plans for both and the sure thing is we can't focus any of these scenarios to happen on the chart, Btw i know you are totally bullish since long time and i respect that even if our views don't match but who's know anything could happen, people were saying it will not dip again and here we are.
Good luck dear BTC with all respect.
BTCINVESTING
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@HamadaMark, Dear @HamadaMark, thx for your kind words. you re totaly right. everthing can happen. i m bullish since 2015 and i m totaly convinced of the technology of bitcoin. thats the reasion why i m optimistic about the future. i m strong invested in btc. time is for me relative. trading is different. also trading with futures. fingers crossed my friend. :-)
HamadaMark
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I know bro @BTCINVESTING, good luck, and thanks for sharing your view with us.
tonnackscool
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lits go
CryptoEngineering
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Amazing analysis as usual, Hamada brother!
HamadaMark
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@CryptoEngineering, Salam bro Johnsoy Appreciated your support. how you have been bro? long time passed without contact I hope everything is going well.
Ether2020
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Amazing and very good analysis! Not biased like many traders who are bullish from the top until now while we are in a huge bear market. Yes, there will indeed be bounces but this decline is far from over. I see many traders comparing the entire history of BTC to the current one but that is comparing apples to oranges. In 10 years of Bitcoin, what is happening now in the world has never happened before! Indicators work perfect except when they don't work;-) It is all based on past performance.
We have a war. Hyperinflation not seen for 40 years! There will be more aggressive interest rate hikes to try to get inflation down with all the risks. Because of the cheap borrowed money which went into the markets it will now rewind and the money will be pulled out of the markets. The opposite from what happened when the central banks where printing unlimited amounts of money. The energy crisis with rising prices and it will get worse! We have China/Russia against the US/EU. China and the US over Taiwan which can cause another conflict in the near future. Not to mention that if the West sends more and more heavy ultra modern weapons to the Ukraine, the problems will get much worse. Russia cannot lose this war because they lost already everything and the West will not stop either. This is a super dangerous cocktail because if Russia's back is against the wall and they have no other options left, they will use tactical nuclear weapons. Imagine what will happen to the markets ....
I am sure Bitcoin will come back but this time many long term traders will be washed out because coming from 70k to 10 and even 5k will cause a lot of pain and frustration. At that time we will see news like the crypto currencies markets will be finished and so on. Stable coins with problems like we have seen already. The bottom is only there when 90% of the traders are super bearish. We are not there yet, it takes time. The rule is that 90% of the traders lose money in the long term and only 10% take the profits. Time after time again and this already since the beginning of the stock markets. To win in the markets you need to think different and not like the mass because the mass always lose money in the end!
Thanks for your view my friend!
HamadaMark
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We can't agree more, you totally read the idea behind the idea mind, thanks mate, that was an impressive comment. Dear @Ether2020,❤️🙏
Ether2020
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@HamadaMark, Thank you so much my dear friend! That is a very nice compliment! You do amazing work and different than many others! That makes the difference!