#Bitcoin Price Prediction ( Daily Update 22/8/2019)
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.
What the Different between the expectations and trade with market movement?!
Expectation means the feeling or belief that something will or should happen !!
In the market, you read chart and from the time frame, movement, cycles, etc, you extract expect for something will happen in further, this not means you have crystal balls of course not, It's just a conclusion from the current movement of what will happen in the future and with that you set marks and limits support what your prediction if movement achieve it you keep your prediction active until price do opposite what you looking for
During this moves, you trade with movement and synced your mind with it
and that what we doing
from $13750 we set as a critical resistance with analysis for drop from it then we set a retracement plan , from $13750 to $9100 we were trading with movement and price was following our plan very well, then from $9100 to $11500/12500 we kept trading movement and with that kept our retracement plan, then from $12500 to $9500 once again , time to continue our plan but btc show price action from $9500 we traded it until $10950 and this was the last update for us about bounce from $10950 (prntscr.com)
then btc dips again to $9750
So
during this whole movement, we kept our retracement plan active with updates for limits, and the most important thing we synced movement and traded it as we did in end 2017/ and during the whole year 2018 from $19200/15500/12200 called drop to 4500/3600 many times but with that, we were trading with market movement !! until calling rebound and open our signals from $3150/3200/3350/3750/4040
We hope you know now what the difference between the expectations and trade with market movement!!
everything we mentioned here already posted on TV you can review them closely.
Current movement!!
Daily Frame
Shows H&S Pattern
Symmetrical Triangle
Price moves above Lower Trend line
Next Hours is very important for btc
Breakdown $9100 = selloff and that what we looking for
Show a reversal candle with rebound will help bulls to dominate again!!
in the end, the market movement will decide everything during that we try to extract buy and sell levels by using TA
Current Action:
we already setup scalping from $9960/9750 with Risk 2% as a trading for current movement due to this stability above $9750 !! TP1 Achieved during writing this update
But after all our view still remain, as long as bears keep btc moves below $10950 Daily in short term
In midterm as long as btc moves below 13750 daily/ weekly
Ps:
Since 15 Aug we set 7 Days for breakdown $9100 time up and BTC move above $9100 ( This time prediction fails) as we mentioned good results we can`t skip false one.
$9100 still strong support, yeah we expect breakdown it this time, but if bulls hold again and show another rebound from it, Allah willing we will try to sync it and trade with movement as we doing always.
Here is a list for most important resistant support levels for btc for the current range between $5500/19500:
Resistances levels
10350/10550 (Local resistance) 4h TF
$11150/10950 (Mirror levels)
$12000-12500 Daily resistance ( Psychological resistance)
$13500/14200 weekly resistance ( breakout weekly confirm more growth )
$16150/19500 Monthly resistance ( Very strong, Fomo levels)
Support levels
$9500/9100 Daily support ( Breakdown daily = selloff)
$7400/6600 ( Strong support Reversal zone)
$5500 ( Strong weekly support, Psychological level of the market)
Ps:
This update for short/ mid-term movement between $5500/13500 to avoid confusion
Also, during this movement between $13750/9000, we shared many signals for movement and traded it, as you know we trade only long positions without leverage, so even if we expect dump, we keep trading with the market movement!
Ps:
we don`t short btc but we analysis bullish and bearish movement to extract the best long entry levels for btc !! also we don`t use leverage in our signals never!!
About long term:
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, 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 this bad performance on monthly frame
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 and 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 we trade and care about movement more than expectation!! but if btc follow what we expect this will be nice, but if fail to do that we care about movement and how to trade it no more.
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!!
Good luck to all.
The Wild Crypto™,
We ask Allah reconcile and repay
