#Bitcoin Price Prediction ( Daily Update 12/12/2019)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 .
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#BTC
as we can see bears breakdown this symmetrical triangle on 4H frame and dump from $7550 to $70XX first support levels for bulls
Current movement:
4H frame:
Btc move in a Descending triangle and clear hold for bulls above $70XX
Daily frame:
from $70Xx BTC shows a bullish engulfing pattern on the current candle
Weekly frame:
last weekly close shows tie between bulls & bears and confirmed fail for bulls to breakout $7800 and we saw bears dominate again and dumped btc below (SMA 100)
from this movement we extract , bears not done yet although daily shows a bullish sign with this holding above $70XX but the overall performance shows bears still dominate
in the short term :
probably we will see bulls try to do a movement and pump btc to $7350 /$7550 as retest but as long as btc move below $8200 it`s premature to say bulls are coming back.
Midterm movement:
breakdown $7000$6550 will lead btc to the lowest support levels in this update we mentioned the limits and trading plan check it
t.me
About long term movement:
As long as btc hold above $5500 monthly the bulls has a chance to pump btc to a higher level ( New ATH ) fails to do that we will see $4850 $2200
Current Action:
trading btc from current price has good R; R for short term trade but we didn`t decide to take the risk and trade it so we will be watching movement and reaction from 4 main support levels at $70XX / $64XX /$50XX for our trades
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
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.
Q&S
Is that the time for a mega bullish movement 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 $2200 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, ( and Btc hit these levels already) based on our plan from $13750 Our Retracement plan for Btc from $13750 Since June 2019 take a look
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 weekly / monthly frame looks bad 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 and for you info, if btc goes below $5500 monthly we will see $4800 $2200 this time probably so be sure you setup your plan.
For more info about how our bitcoin updates work check this
bit.ly
Good luck to all.
The Wild Crypto™,
We ask Allah reconcile and repay
