Do we see another trap, let the chart explain!
In the beginning, If you have not yet looked at our previous Analyses and the trading plan of $65K, we advise you to read it, you will find the topics below this chart.
We know it's about a month since the last analysis we posted for BTC, but there is a reason for that, BTC spent about 52 Days between $39K/52K, until it dumped again to $39K, during that we kept you updated with market movement below the chart passing by the pump from $39K to $48K with the prediction for the dump from $52K to $39K again ( Trap zone) you check all update from here!
Before we start explaining the details of the chart and telling you what we see and expect, we want to talk about something else, which is emotional bias.
We think we've all heard that phrase over and over, but We think it's a good time to re-mention it again, as we know, the majority of us are biased in a direction, things may be rational for a while, but without giving reasons for that and as soon as the opposite of what you want happens, you start looking for the reasons for that To find that all you wanted was an emotional bias without real reasons, Here in the market, some go to choose a direction, but what we want before you to choose that direction, ask yourself why I chose that direction, and when there are real reasons for that, then you have every right to continue your way.
Now let us move to the chart!
From the first look at the chart, you may see everything is clear that does not need to be explained, but if you look closely, you may extract many scenarios that make you confused. But we don't want to bother you so let us summarize it all.
🕵️♂️Current movement:
Shows Mixed patterns between Ascending channel inside Inverted Triangle, or as we like to call them, Megaphone Pattern, based on TA both are bearish patterns,
Right now, after this rebound from $39K, BTC moves near sub resistance at $49/51K which makes this a crucial zone for bulls, due to if they breakout it, we will see bulls reclaim $55/56K once again.
but if they failed to do that we will see bears retest $44K and this is the first sub--support line above major support at $39K.
things are not that complicated if we set the conditions for the upward movement and the downward movement.
Both for short-term movement.
(Bullish term) 📈
Breakout for $51K Daily will give bulls a good push to $55/56K
(Bearish term) 📉
breakdown $39K Daily will make bears killing bulls and go again to $32/28K!
🎬Current action,
We will track movement and if Btc retested $45/44K first, probably we will take another long position from it with SL below $40K.
👨💻My personal opinion,(Biased view, Subject to fail)
I still believe in another dip for BTC to $32K/28K may be lower than these levels, this view is active as long as BTC didn't close above $55K/65K Daily/weekly.
What you can do during that, stick with risk management and be careful as long as bulls didn't show their full power, there will be always new traps like the previous cycles. and the full power Lie in breakout $55/65K weekly! and as we see they try that since weeks ago but they failed and the price was dumped by -25% so before starting fomo take a look at previous ATH and what happened for the people who got fomo near levels like that.
Remember,
The person who is obsessed with bullish thought can extract 10000 scenarios for bullish movement and the same with a bearish person. for us, we extract both sides and we define the best buy /sell zone and trade based on that, and what we care about is what happens.
As analysts, we have to explain both bullish and bearish directions, and if there is a chance to give a personal prediction for the next movement we will do as like previous analyses. Also, you do not have to worry about what or how i think, but you have to worry about what is happening and what you can do based on it. So, Be bullish or bearish as you want, But be sure you cannot impose what you want or force it to happen. so be ready for everything.
Ps:
We don't short btc or using leverage or trading BLV tokens!! our signals for spot trading only.
Also, The TA updates are an explanation for market movement(not mean buy or sell) We will tell you to buy or not through a clear signal with clear targets and stop-loss risk management, etc, not anything else. as analysts, we have to explain both bullish and bearish directions, and if there a chance to give a personal prediction for the next movement we will do as like previous analyses.
This is not financial advice, The purpose of these Charts to give you an idea about coin movement (not buy or sell signal) so before following any idea be sure to do your own research, and follow your risk management. Also, the information we mentioned here is a personal effort that is subject to success or failure and we welcome constructive criticism. Remember that the Cryptocurrency market is very volatile and not suitable for everyone, so be aware of what you will do before you start.
Good luck to all.
🙏we ask Allah reconcile and repay🙏
In the beginning, If you have not yet looked at our previous Analyses and the trading plan of $65K, we advise you to read it, you will find the topics below this chart.
We know it's about a month since the last analysis we posted for BTC, but there is a reason for that, BTC spent about 52 Days between $39K/52K, until it dumped again to $39K, during that we kept you updated with market movement below the chart passing by the pump from $39K to $48K with the prediction for the dump from $52K to $39K again ( Trap zone) you check all update from here!
Before we start explaining the details of the chart and telling you what we see and expect, we want to talk about something else, which is emotional bias.
We think we've all heard that phrase over and over, but We think it's a good time to re-mention it again, as we know, the majority of us are biased in a direction, things may be rational for a while, but without giving reasons for that and as soon as the opposite of what you want happens, you start looking for the reasons for that To find that all you wanted was an emotional bias without real reasons, Here in the market, some go to choose a direction, but what we want before you to choose that direction, ask yourself why I chose that direction, and when there are real reasons for that, then you have every right to continue your way.
Now let us move to the chart!
From the first look at the chart, you may see everything is clear that does not need to be explained, but if you look closely, you may extract many scenarios that make you confused. But we don't want to bother you so let us summarize it all.
🕵️♂️Current movement:
Shows Mixed patterns between Ascending channel inside Inverted Triangle, or as we like to call them, Megaphone Pattern, based on TA both are bearish patterns,
Right now, after this rebound from $39K, BTC moves near sub resistance at $49/51K which makes this a crucial zone for bulls, due to if they breakout it, we will see bulls reclaim $55/56K once again.
but if they failed to do that we will see bears retest $44K and this is the first sub--support line above major support at $39K.
things are not that complicated if we set the conditions for the upward movement and the downward movement.
Both for short-term movement.
(Bullish term) 📈
Breakout for $51K Daily will give bulls a good push to $55/56K
(Bearish term) 📉
breakdown $39K Daily will make bears killing bulls and go again to $32/28K!
🎬Current action,
We will track movement and if Btc retested $45/44K first, probably we will take another long position from it with SL below $40K.
👨💻My personal opinion,(Biased view, Subject to fail)
I still believe in another dip for BTC to $32K/28K may be lower than these levels, this view is active as long as BTC didn't close above $55K/65K Daily/weekly.
What you can do during that, stick with risk management and be careful as long as bulls didn't show their full power, there will be always new traps like the previous cycles. and the full power Lie in breakout $55/65K weekly! and as we see they try that since weeks ago but they failed and the price was dumped by -25% so before starting fomo take a look at previous ATH and what happened for the people who got fomo near levels like that.
Remember,
The person who is obsessed with bullish thought can extract 10000 scenarios for bullish movement and the same with a bearish person. for us, we extract both sides and we define the best buy /sell zone and trade based on that, and what we care about is what happens.
As analysts, we have to explain both bullish and bearish directions, and if there is a chance to give a personal prediction for the next movement we will do as like previous analyses. Also, you do not have to worry about what or how i think, but you have to worry about what is happening and what you can do based on it. So, Be bullish or bearish as you want, But be sure you cannot impose what you want or force it to happen. so be ready for everything.
Ps:
We don't short btc or using leverage or trading BLV tokens!! our signals for spot trading only.
Also, The TA updates are an explanation for market movement(not mean buy or sell) We will tell you to buy or not through a clear signal with clear targets and stop-loss risk management, etc, not anything else. as analysts, we have to explain both bullish and bearish directions, and if there a chance to give a personal prediction for the next movement we will do as like previous analyses.
This is not financial advice, The purpose of these Charts to give you an idea about coin movement (not buy or sell signal) so before following any idea be sure to do your own research, and follow your risk management. Also, the information we mentioned here is a personal effort that is subject to success or failure and we welcome constructive criticism. Remember that the Cryptocurrency market is very volatile and not suitable for everyone, so be aware of what you will do before you start.
Good luck to all.
🙏we ask Allah reconcile and repay🙏
评论:
#BTC pumped by +10% after breakout $51K and Entry from $50600 Achieved TP1
Update TP2
Split TP2 at current price $54250 25% and keep Hold 25% SL at entry $50600
————————-
🕵️♂️Current movement:
BTC has reached the first major resistance area at $55/56K if Bulls keep holding and make BTC got weekly close above it we might BTC goes higher more to the next resistance area!
Chart showing Chance for 2B pattern on weekly TF which means if weakness from here with falling to close above $55/56 this week, will make bears pull btc back to $50/45/40K Again!
🎬Current action,
Watching weekly close!
👨💻My personal opinion,(Biased view, Subject to fail)
looking for sell-off by mid of this month and going back below $50/45 again as long as no weekly close above $55K$/65 Daily/weekly. if bulls make BTC closed above these levels weekly then this view will fail.
Current resistance:
$55/57K/65K
Current support
$50/45K/40K
Ps:
We could be wrong or right, so be sure to do your own research.
Good luck to all.
🙏we ask Allah reconcile and repay🙏
Update TP2
Split TP2 at current price $54250 25% and keep Hold 25% SL at entry $50600
————————-
🕵️♂️Current movement:
BTC has reached the first major resistance area at $55/56K if Bulls keep holding and make BTC got weekly close above it we might BTC goes higher more to the next resistance area!
Chart showing Chance for 2B pattern on weekly TF which means if weakness from here with falling to close above $55/56 this week, will make bears pull btc back to $50/45/40K Again!
🎬Current action,
Watching weekly close!
👨💻My personal opinion,(Biased view, Subject to fail)
looking for sell-off by mid of this month and going back below $50/45 again as long as no weekly close above $55K$/65 Daily/weekly. if bulls make BTC closed above these levels weekly then this view will fail.
Current resistance:
$55/57K/65K
Current support
$50/45K/40K
Ps:
We could be wrong or right, so be sure to do your own research.
Good luck to all.
🙏we ask Allah reconcile and repay🙏
评论:
🙏we ask Allah reconcile and repay🙏
评论:
评论:
New Update!
🙏we ask Allah reconcile and repay🙏
👋 Be a trader, not a gambler, by following risk/capital management!!
🎉Get Your Discount Today! (Limited offer)
t.me/PCS_Signals_Results/6922
We ask Allah reconcile and repay ❤️🙏
🎉Get Your Discount Today! (Limited offer)
t.me/PCS_Signals_Results/6922
We ask Allah reconcile and repay ❤️🙏
🙏we ask Allah reconcile and repay🙏