As you know at previous updates we set 3 Scenarios for BTC movement you can check them here "BTC Best Wishes" by trader HamadaMark — published June 03, 2018 — TradingView http://bit.ly/2MKRrGT first one was about this leg at Symmetrical triangle will fail and the price drop and as you saw this already happened then people will turn from Symmetrical triangle to Ascending triangle and you can see this happen now
but the point is both patterns is bearish
And the sec scenario was creat double bottom and BTC bounce and save himself from the crash and also market and we set success rate for this scenario to about 40%
And last scenario Drama " drop directly to $4550 and market join to the darkness weeks months maybe years and we set success rate for this scenario to about 60%
you read to know why we set this averages here and we already set for you since 26 May says
1-if we get at 6/14 of JUN reversal candle at the weekly chart on this levels 6500/6035 join with 25% of your capital and your stop will be below $ 5600 "edit it to $5900"
2_Bulls defend fail and price close weekly below $ 6035/5500
wait at $ 4500/$3750 and trade with 25% of capital
if you follow this plan you already have BTC our VIP people already following it
but if we take close look for movement you can see BTC move slowly Compared to movements and fluctuations in the market we can say BTC move sideways but no big players join yet
we can see BTC hold well above this strong support $6000 and also monthly candle almost over just more 9 days
but average still low 40% not good to us for others oversold at all Momentum Indicators good to buy etc
we agree with one thing people stop selling and hold, for that we saw BTC Sticking well above $6000 support for that we catch BTC and buy it since 8/9 days ago
if you didn`t follow our plan since 26 May you can join from this levels $6760/6400
Your Stop is close weekly below $5900 just follow capital management
we expect pullpack to $700/7200 as first for that we buy btc strong support located at $8300/9300 pass this level we will update and invest more
we expect a pullback to $700/7200 as first for that we buy BTC since 8/9 days strong support located at $8300/9300 if btc passed this levels weekly we will update and invest more
but you need to know we this bearish scenario have a high average, so the opposite can happen and BTC stay at sideways for sometimes and drop for that we recommend you to follow capital management
Note
========================
"You need to know that"
-We are at bearish trend price drop faster than grow
-Alts can create new bottom this not problem as they create new ATH
-we set success rates and average from movement this change with movement also
-we don`t say bearish or bullish or say both to make you confused we analyzing movement from it we set our view for next movement then we say bearish or bullish
-As long BTC need more and more to avoid this crash first step pass $8300 $9300 confirm the double bottom pattern then all many will do panic buy
-Crash have high average we set analysis for it since Dec another update at Mar and you already know our condition for a new trend as we explain at last rebound from $5900 since Feb 2018 and $6800 at April 2018 so if you ask what chart suggest until now bulls try but But the bears clearly dominate the market
- So be sure you follow capital management you join and buy from the strong support you trade with solid pairs you have a free capital for any storm if coming.
- No panic buy No panic sell just follow capital management
- The market has 4 option buy/sell/ hold/stop and watch, the last option is necessary when you don`t know where is market going and no clear trend you can stop and watch this is strategy also like a hunter, He waited impatiently for his prey To fall into his trap
-Lost opportunity, not the end of the world or the market so don`t become angry
-You gained a profit and all of us love to gain it all time but sometimes you need to take the loss so be calm and normal at both kill your feeling to make your mind clear and learn from your mistakes
-Your virtual life in the market is your capital. When your capital finish, you end up with him and you die. So again, learn and know how to maintain and improve your capital correctly.
At the end
if you like this analysis don`t forget press like set your feedback, share it with your friend's, and take a look at our previous analyses below this post.
Enjoy with your trades
we ask Allah reconcile and repay
Our main analysis until know at every movement you holding your breath for that we called this analysis BTC-And-holding-the-breath
Note
BTC Have at 4 H frame we can see $6550 at next few hours then pull back to $6900 if BTC break $6400 dirty and close below we will join panic mode remember to follow capital management if you have any active trades if you look to buy btc we say $6760/6410 will be good better wait for lower $6550 will be good Notice one again drop have big average so know that bullish trades have big risk we ask Allah reconcile and repay
Order cancelled
if you follow BTC and short it since the last update from $6756 you already made some profit at our update, we recommend buying we expected a pullback from $6400/6550 But BTC Drop Directly and passed $6400 but our expectation is failed and BTC joined panic mode and break rising wedge As we Notice before Notice one again drop have big average so know that bullish trades have a big risk we ask Allah reconcile and repay so order canceled Next stop for BTC at $6100 /5925 if BTC break $5900 with weekly close we keep our eye for $5300 and $4750 as a reversal zone wait for good rebound then we can buy Main resistance for BTC at this movement at $6600 back above it before weekend will be good but as you know the big average going to crash have rate about 60% so be ready and keep your eye on updates we ask Allah reconcile and repay
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.