The psychological barrier for the market Since $ 19650 we track BTC move bullish or bearish we are trying to analyze it and provide Accurate analyzes for BTC movement also plans/signals to help you at your trading you can take a look at previous analyzes and updates below this chart
form last update we continue as we see BTC just tow steps and reach The psychological barrier for the market at $ 6500/6035 This levels means a lot to the market and traders also
BTC breakout means panic market and breaks backs for holder from last crash at $ 19650 Details ....... bit.ly/2KVvC5S
Why that?
at $ 9000 you look for $ 10500/11500 at $ 600 you look for $ 7500/8800 at $ 4500/3350 you will look for what? !! means at bullish you have hope and look for more but when price drop you start look for lower levels or close levels, called The effect of price movement on the psychology of the trader
and we can see this psychological barrier located between $ 6500 / $ 6035
Breakdown we know what will happen bounce this will be awesome for all
we have our expect since Mar for $ 4500 and we already follow it at all old / new updates
also since catching Btc from $ 6800 Details ....... http: //bit.ly/2HkkDov. we call it move inside bearish trend "correction" Details ...... bit.ly/2Fyjip2
but as we expect $ 4500 we don`t like it too much this will lead the market to bad stage Details ...... bit.ly/2sa0Z5D
So
from the daily weekly chart we can see BTC test this barrier at $ 6500/6035 twice before, and this will be the third time if price reach it at this current movement
so this pattern will be last hope if bulls success and push market from this psychological barrier we will see a clear leg of the double bottom pattern start building and this will be a good thing for all and easy profit also
if bulls defend fail and price close weekly below $ 6035/5500 we will see $ 4750/4500 direct
Here is your plan !!
1_The bounce of barrier
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
Targets $ 7500 $ 8200 $ 8800 $ 9350 $ 9880 $ 10500 $ 11500 $ 12500 $ 13250 $ 15650 At every bullish step we will invest more remember joining will be after confirming reversal candle only with 25% of your capital and add more after confirming movement =========================================
2_Bulls defend fail and price close weekly below $ 6035/5500
wait at $ 4500/$3750 and trade with 25% of capital
Targets $ 5500/6100
we wish everything very clear to you at this update
The success rate of each scenario of our view
1_40%
2_ 60%
all people like green and also us so we wish bulls defend well and push the price up again.
Current Movement from $ 7450 Allah willing expect we will see $ 7000 with a weekly close then pullback to $ 7200/7550 then down to $ 6500/6035 after 5 JUN and the big move Bullish or bearish will come at 15 JUN we ask Allah reconcile and repay
Note
#BTC for last 4 days Btc hold well above $7200/7000 didn`t break trend of gan fan it until now weekly close today also monthly close after few days
we can see down channel at daily frame and price above downtrend of channel full red candles at weekly and monthly frame we already set expectations for close weekly at $7000 from this levels $7200/7000 we can see a pullback to $7350/$7700 at next week
Also, many eyes look at the symmetrical triangle at daily and this will make price hold and make many thinking about buy btc
for us we set our plan at this analysis
But what happens if price follows symmetrical triangle and price go up this means we will miss buy?! right but we are here to take chance don`t miss it so at $7250/7000
u can do buy just 10% of your capital as scalping to 7500/7700/ pass $8200/8800 means our plan failed and another thing happen
so to make your head work well and everything clear to you
our main plan say $6035/6550 with reversal candle at weekly means Double bottom pattern work
Fail and price break $6000/5500 with a weekly close below it means darkness for a long time or drop for short time for that we say 25 % of capital at edges of the market you should be careful and follow CM
until catching a clear trend and buy and sell zone
Note
The market always has bullish trend bearish trend inside this trends we have sideways movement stage of confusion The edges
so if things not clear you can wait until everything become clear and start fishing again or follow Capital management and play with the market
so we follow Capital management and play with the market until a clear trend come for every step we are ready you know why because we follow capital management always some don`t like that But the key to Market is Capital management
we can`t see the symmetrical triangle and ignore it we expect it will fail and price go to $6500/6035 or down hard to $4500 but before that, we can get a small pullback to make all herd buying, then price drop this can happen
why that?
some say RSi all Momentum Indicators has oversold and price hold well at daily above support
You are right but what movement say?
what candles say?
what psychological of the market say?
Movement says
people fail to push the price up above resistance of bullish zones at monthly frame
4 months price fails to close above $10500/11500 for one time every try failed
what candles say?
full red at weekly when bulls try once bears wait and shoot them before do last step and price drop again
what the psychology of the market say?
many of people trapped at trades since crash from $19650
some leave his bags and wait for recovery
but bulls trying 4 times and every time they have hope for Bullish trend and convert loss to profit
but they failed, this make people lose hope and maybe make some decided close and get out of market or runaway
for that we always say Drop not good, we wish and like the Bullish movement happen, even if the chart says the drop is coming, and have a high rate.
so if you try and your try at every time failed, someday you will give up to panic.
All FA says everything is Good but why price fail at every time?
something says no stop and back, said that for 4 times
at green people hold for more profit
At red people panic and sell fast
until market calm and sleep no buy no sell all is done
They are overwhelmed by market movement and volatility they are tired, at this time whales or smart money entered the markt and buy and win then go out. if price movement give us good signs and price hold well or bulles buy and push the price this good it can follow Momentum Indicators and so do buy and sleep. but what you see from movements?
movement at the edge everything can change to good to worse and chart have signs for worse price drop direct from $9880 fail at $8800 fail at $800 fail to hold above $7550 and bounce
for that, we are very careful with our trades
In the end, we ask Allah reconcile and repay
Trade active
#BTC 4 hour frame have bullish divergence the mention for pullback start work just max invest 10% / 15% of capital trades have big risk targets $7550 $7700 $7850 Stop Loss $6950 we ask Allah reconcile and repay
Trade closed: target reached
First target achieved at $7550 Set stop at entry We ask Allah reconcile and repay
Note
btc hit stop at entry We ask Allah reconcile and repay
Note
#BTC if you follow updates and do scalp from $7000/7200 today we hit the first target at $7550 also the same happens if you follow and join trade from $7370 we hit $7550 and move stop at entry BTC already hit it
Until now BTC follow our plan very well if you don`t know it, read updates and check snapshots at previous posts Especial update at 27 May
============== Current movement ==============
U can see H&S Patten at 2 H frame and BTC right now hold above right Shoulder of pattern
Maybe we can see $7500 once again but our expectations didn`t change as we said before expect a pullback from $7000/7200 to $7350/7700 then drop to $6500/6035 first buy zone at ou plan the last barrier for the market from this levels$6550/6150, we can use ...VIP... of capital to buy btc only and ...VIP... for alts and keep ...VIP... at fiat remember we have $4500 at our plan if price fail and drop hard so follow capital management as we suggest we set rate at our analysis for both scenarios $4500 / 6500 60 % for $ 4500 mean this drop more likely to happen 40% for $6500/6035
** NOTICE if price pass $8200/8800 means our plan still active but we missed this wave maybe if pass 10500 means our plan failed and canceled don`t worry we keep tracking and update and analyze movement In order for don't miss anything"** we ask Allah reconcile and repay
Note
#BTC Update A B C your Buy zone at $6650/6150 Targets $7100 $7500 HOLD Stop_loss Close below 5500 Weekly Set Your own risk Expect Signal will active at next 3 days we ask Allah reconcile and repay
Note
Remeber this and read this analysis once again with all updates this trade have high-risk price can slip and break support at $5900 so follow capital management
Here is your plan !!
1_The bounce of barrier
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
Targets $ 7500 $ 8200 $ 8800 $ 9350 $ 9880 $ 10500 $ 11500 $ 12500 $ 13250 $ 15650 At every bullish step we will invest more remember joining will be after confirming reversal candle only with 25% of your capital and add more after confirming movement =========================================
2_Bulls defend fail and price close weekly below $ 6035/5500
wait at $ 4500/$3750 and trade with 25% of capital
Targets $ 5500/6100
we wish everything very clear to you at this update
The success rate of each scenario of our view
1_40%
2_ 60%
all people like green and also us so we wish bulls defend well and push the price up again. we ask Allah reconcile and repay
Trade active
#BTC We waited for red candles at the current time but BTC do green candle and our expect for the drop at this time failed but still active not canceled as we notice before
We will active BTC trade from current price $7635 Stop at $7330 Targets $7850 HOLD HOLD
Set Your Own risk Our trade from $6800 still active stop at entry not hit yet we ask Allah reconcile and repay
Trade closed manually
Btc for 3 days or more try pass resistance at $ 7750 Sma 120 we can see double top at 4 H frame We have active trade from $7635 We close it at current price $7650 Our tarde from $6800 active and stop at entry 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.