#BTC Explanation

#BTC this explanation for why we expect drop to $3200/3000
and why this prediction will fail if btc closed above $4000/4400 weekly

first, since weeks ago there was H&S Inverse pattern " Bullish pattern" and whole traders already fomo about this pattern, but bulls were fails to breakout after complete this pattern then clear drop from $4100 to $3500

After that
move on weekly frame shows Bearish Engulfing, with a clear bounce from (SMA-150) Major resistance for current movement

Read about this pattern
commodity.com/techni...s/bearish-engulfing/

Also at the daily frame movement was and still very close from a double top pattern on this frame

Read about this pattern
excellenceassured.co...le-top-double-bottom

on the same frame, you can see another pattern a Symmetrical triangle

Read about this pattern
www.chartpatterns.co...etricaltriangles.htm

and after all the main trend is bearish
so if bulls want to take the lead, why they didn`t take it after this H&S pattern when the people fomo

So between $3000 $4400, there is bearish patterns and very clear fail for bulls for that we expect dip to $3250/3000 maybe lower than these levels if bears didn`t follow this descending triangle and waste some time on it

and after all, as we always do we put limits for our expectation and for movement also
and this limits we shared before with short explanation on 11 Jan this was our update
prntscr.com/m9is5j

if you ask what the plan now?
we will tell you we trade With (SMA 200 ) $3000 As main Support And (SMA 150) $4400 As the main resistance for the current movement in btc

So
breakdown $3000 with a full bearish candle in the weekly frame will lead btc to $2750 / $2350/ $1950 /$1450 this fib in chart levels as support levels and targets for bears
And vice versa
if btc breakout $4400 weekly with a full bullish candle will see $4600/$5050/$5300/$5700

Between this range, there is Defend line for bulls at $3500/3650 probably we will see bulls show defend from these levels if they managed to repel the bears, we will see Bounce to $3750 /3850, but if they fail to do that, the bears will pull the price down to $3300/3000

for that, we closed our signal from $3512 when we got this weakness on 4 H and daily with weekly frames, after that, the bulls managed to defend these levels and managed to repel the bears, and as we saw Btc bounced to $3650/$3750

But as a conclusion from the current movement for what will happen in the future,
we see bears still lead the market, for that, we expect another drop for btc
and this prediction will fail if btc closed weekly above $4400/4600 with a full bullish candle


The important thing you need to know we trade with movement even if we expect another thing
this like what we doing since Dec 2017 until Dec 2018 between this time we shared more than 100 long signals with btc and 90% of them All Thanks to Allah hit targets also we stick with our plan until btc breakdown and hit $3150 since a few weeks ago

so the conclusion is like a weather bulletin
if they said on the weather news tomorrow will be rainy after you knew that, you take your precautions of coat and umbrella etc this the right thing
after that, the weather doesn`t rain and the day was sunny and nice, here the weather forecast failed, but your care and caution did not cost you anything
Conversely, if you ignore what heard and go to work, then the weather rained heavily, here you have been harmed.
yeah the expectation it`s Just a conclusion, can be wrong or right
But by mentioning it, you must be careful and in your work, And take this conclusion it into account

Note:
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
But does 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 if our expectation succeed, we trade depending on movement, if it fails, we follow and trade with movement also, so we trade and care about movement more than expectation

like now we expect btc dip to $3250/3000 by 70%
but we trade stability above $3500
and when we do that always in btc signals we look for a lower risk as possible
So once again be sure you follow risk management

and know that if our expectations fail, or signal hit stop loss, we will mention the result as always we do, not ignore it and just post a new update or new signal this not good as a person before you be a trader

before looking for trades, look for credibility
In the other, we are human, do wrong and right
but the shame if we ignore our mistakes and mentioned right things only

Good luck to all.
The Wild Crypto™,
We ask Allah reconcile and repay

评论:

In the last update Btc Steady State we talk about chance from $3600/3570 if you take the bullish side, btc went up to $3770 after this update
Our Vip people already trade this move and they gained the first target since a few hours ago

Ps:
be sure you follow risk management at your trades
We ask Allah reconcile and repay

评论:

Last Symmetrical triangle we mentioned on btc

maybe current one will breakout or breakdown but as long as btc below $4400/4600 weekly we expect dips again
We ask Allah reconcile and repay

评论:

[In reply to Wild Bitcoin™
-5% at 2 hours to $3500 directly we are not surprised, due to we take our precautions of coat and umbrella and It seems to have started raining

We hope you have read and understood the latest updates we have posted
Which this updates take hours of preparation and work from us
To make you more knowledgeable and depend on yourself in the future

Current movement
Still above $3500
breakdown with daily close means $3250/3000 maybe lower
and you already know what we expect
keep watch until next update

Good luck to all.
The Wild Crypto™,
We ask Allah reconcile and repay

评论:

#BTC
oversold at 1 H frame, bulls still defend about this levels at $3500
we still watching movement no long action to take

We ask Allah reconcile and repay

评论:

New updates
#BTC What do the time frames tell us?

Trading-Plan-2019-2020/

We ask Allah reconcile and repay