#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/technical-analysis/bearish-engulfing/
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
Komentarz
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In the last update 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
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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
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[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
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#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