Close BTC -1% from entry AVG price 27300!
reason: BTC might wick stop-loss point with this current drop!

we ask Allah reconcile and repay.

#BTC breaches April low, if BTC got a weekly close below it will push BTC forward for more retracement to $25/24/23K as we explained in the last update!
https://www.tradingview.com/x/SoCjcwqk/
Ps:
We did not bias to a clear side in the last updates, we just clarify and explained movement as it goes on the chart!
We ask Allah reconcile and repay

#BTC retesting $27xxx zone , back above $28800 again will give bulls chance! , however weekly close below April low will make $25/24/23K as we explained in the last update!
https://www.tradingview.com/x/Q7ev6Fed/
We ask Allah reconcile and repay

The relative between S&P and gold, gold and BTC, and S&P and BTC based on the chart history.

S&P and Gold

S&P 500 and gold have historically had a negative correlation, meaning that they tend to move in opposite directions. This is because gold is seen as a safe haven asset, while stocks are seen as riskier assets. When investors are feeling fearful, they tend to buy gold and sell stocks. When investors are feeling confident, they tend to sell gold and buy stocks.

This negative correlation has been broken down in recent years, however. This is likely due to the fact that central banks have been printing money at an unprecedented rate, which has led to inflation. Inflation has made gold more attractive as an investment, and it has also made stocks more risky.

Gold and BTC

Gold and BTC have also historically had a negative correlation, meaning that they tend to move in opposite directions. This is because gold is seen as a safe haven asset, while BTC is seen as a more speculative asset. When investors are feeling fearful, they tend to buy gold and sell BTC. When investors are feeling confident, they tend to sell gold and buy BTC.

However, this negative correlation has also been broken down in recent years. This is likely due to the fact that both gold and BTC are seen as a hedge against inflation. Inflation has made gold more attractive as an investment, and it has also made BTC more attractive as an investment.

S&P and BTC

S&P 500 and BTC have had a mixed correlation in recent years. There have been periods when they have moved in the same direction, and there have been periods when they have moved in opposite directions.

One possible explanation for this is that investors are increasingly using BTC as a store of value. This means that they are buying BTC to hold on to it for the long term, rather than buying it to trade it. When investors are feeling fearful, they may be more likely to buy BTC as a store of value.

Another possible explanation is that investors are increasingly using BTC as a hedge against inflation. Inflation has made BTC more attractive as an investment, and it has also made stocks more risky. As a result, investors may be more likely to buy BTC when they are feeling fearful about the stock market.

Ultimately, the correlation between S&P 500 and BTC is still uncertain. However, it is clear that both assets are becoming increasingly popular among investors.

#riskmanagement
#tradingTips

Channel link to share with your friends.
https://t.me/+3MEtbEAheZNmMjhk


Best regards,
The Pro Crypto Signals Team.
we ask Allah reconcile and repay

#BTC (Short-mid-term update)
Following the previous update, BTC experienced a downward wick to $257XX, followed by a rebound to $273XX. The weekly close for BTC was slightly below the April low by a few dollars.

Based on the current price movement, BTC appears to be retesting the $27/28K zone. If the bulls can reclaim this level and achieve a daily close above 288XX/299XX, it would provide a strong boost for the bulls and potentially lead to a breakout towards $32/34/36K. However, if the bulls fail to hold this area and the price faces rejection once again, it would confirm the bears taking the lead in the coming weeks and potentially initiate a correction movement towards $25/23/21K.
https://www.tradingview.com/x/C6RHQvST/

In my opinion, we are likely to see BTC declining towards the mentioned levels before any potential breakout to $34/36K. This view would be invalidated if the bulls successfully break out above 30K on a daily basis.

It's important to remember that market analysis is not foolproof, and we must acknowledge the possibility of errors. The information provided here is not guaranteed, and individual decisions should be made by carefully considering personal judgment and chart analysis. Regardless of one's bullish or bearish stance, it's crucial to remain adaptable to different outcomes and be prepared for various scenarios.


we ask Allah reconcile and repay.

#BTCUSDT (Short-term Setup) RISKY Trade Based on Current movement , Higher frames looks ugly so be careful.

Buy: 27070.00000000

Take-Profit Targets:

Target 1: 27726.25000000
Potential Profit: 2.50%

Target 2: 28402.50000000
Potential Profit: 5.00%

Stop-Loss: 26373.75000000
Signal Risk/Reward: 2.50% / 5.00%
R:R = 1.5:1
Potential ROI: 3.75%

Risk Percentage / Position size: 1%

Exchange: Binance, KuCoin, ByBit,

Duration: 3-7 days
Confidence in Trade: Low
Technical Analysis:
https://www.tradingview.com/x/k1Ye9sYu/
we ask Allah reconcile and repay.

Binance, ByBit Spot, KuCoin
#BTC/USDT All entry targets achieved
Average Entry Price: 27070 💵

Binance, ByBit Spot, KuCoin
#BTC/USDT Stoploss ⛔
Loss: 2.5719% 📉

BTC rejected again from 27xxx! And followed high frames performance!

More details about BTC movements etc we have mentioned it below this link

https://t.me/WildBitcoin/5494

We ask Allah reconcile and repay

We are still following the last update we shared on May 15th regarding BTC. Until there is new information or a significant development, our analysis and approach remain the same.
https://www.tradingview.com/x/usYIvbdm/
we ask Allah reconcile and repay.

BTC is currently approaching the 28K level, and if it fails to break out and maintain stability above the range of 28800 to 29500, it could potentially lead to a sell-off in the market. It's important to keep in mind that there is also a CME gap at 26900, which adds another factor to consider.
https://www.tradingview.com/x/Mf69WF5u/

Based on the mentioned view here, the perspective remains unchanged unless there is a confirmed breakout. Traders and investors should closely monitor the price action and market developments for a clearer picture of the potential direction and make informed decisions accordingly.

we ask Allah reconcile and repay.

Here are some more advices from the book "The Complete Trader" by Mark Douglas:

Don't over-analyze the market. The market is constantly changing, and it is impossible to predict the future. Don't try to over-analyze the market, and don't let your emotions get in the way of your trading.

Trade what you know. Don't trade markets that you don't understand. Stick to markets that you are familiar with and that you have a good understanding of.

Take breaks. Trading can be stressful, so it is important to take breaks. Don't try to trade for hours on end. Take breaks to clear your head and to come back to trading refreshed.

Get help if you need it. If you are struggling to trade, don't be afraid to get help. There are many resources available to help you, such as books, courses, and mentors.

Develop a trading plan and stick to it. This is one of the most important things you can do as a trader. A trading plan will help you to stay disciplined and to make consistent decisions.

Understand your risk tolerance. Before you start trading, it is important to understand how much risk you are comfortable with. This will help you to set stop-losses and to manage your risk effectively.

Start small. Don't risk more money than you can afford to lose. Start small and gradually increase your risk as you gain experience.

Be patient. Trading is a long-term game. Don't expect to make a lot of money overnight. and it is impossible to predict the future. Don't get discouraged if you don't see results immediately. Be patient and let your profits compound over time.
Have fun.

Don't trade emotionally. One of the biggest mistakes traders make is trading emotionally. When you are emotional, you are more likely to make bad decisions. Learn to control your emotions and to trade based on your plan.

Learn from your mistakes. Everyone makes mistakes when they are learning to trade. The important thing is to learn from your mistakes and to not make them again.

Don't give up. Trading is a difficult skill to learn, but it is possible. Don't give up if you don't see results immediately. Keep learning and practicing, and you will eventually become a successful trader.


Be consistent. Don't expect to be a successful trader overnight. It takes time and effort to become consistently profitable. Be consistent with your trading plan and with your risk management.


Trading should be enjoyable. If you're not having fun, you're less likely to stick with it. Find a trading style that works for you and that you enjoy.

These are just a few of the many great advices from "The Complete Trader" by Mark Douglas. If you are serious about becoming a successful trader, I highly recommend reading this book.


#riskmanagement
#tradingTips

Channel link to share with your friends.
https://t.me/+3MEtbEAheZNmMjhk


Best regards,
The Pro Crypto Signals Team.
we ask Allah reconcile and repay

#BTC got reject and has filled CME GAP at 26900! if Bulls keep remaining the price is stable we might take our chance with a long setup for this movement range stay tuned!
https://www.tradingview.com/x/s1SqIPkK/

The Main analysis and our view still remain during that we trade movement and what chart give us!


we ask Allah reconcile and repay.

The relationships between DXY, gold, and BTC based on historical chart patterns:

DXY and Gold: When the U.S. dollar gets stronger (DXY increases), the price of gold tends to go down. This is because a stronger dollar makes gold relatively more expensive for investors using other currencies. Conversely, when the U.S. dollar weakens (DXY decreases), the price of gold tends to go up as it becomes relatively cheaper for investors using other currencies.

Gold and BTC: Gold and Bitcoin are both considered as stores of value, but they have differences. Sometimes they move in the same direction, and other times they move in opposite directions. They can be influenced by different factors, such as economic conditions and investor sentiment.

DXY and BTC: In the past, when the U.S. dollar weakened (DXY decreased), Bitcoin's price tended to rise. This was because Bitcoin was seen as an alternative currency and attracted investors looking for alternatives to traditional fiat currencies. However, as Bitcoin gained mainstream acceptance, its price movements became less directly influenced by the movements in the U.S. dollar.

Remember, these relationships are based on historical observations, and the future behavior of these assets may not always follow the same patterns. It's essential to consider various factors that can affect the price of each asset and evaluate them in the context of current economic and market conditions.

Channel link to share with your friends.
https://t.me/+3MEtbEAheZNmMjhk


Best regards,
The Pro Crypto Signals Team.
we ask Allah reconcile and repay

#BTCUSDT (Short-term Setup) RISKY

Buy: 27120.00000000

Take-Profit Targets:

Target 1: 28069.20000000
Potential Profit: 3.50%

Target 2: 29018.40000000
Potential Profit: 7.00%

Stop-Loss: 26170.80000000
Signal Risk/Reward: 3.50% / 7.00%
R:R = 1.5:1
Potential ROI: 5.25%

Risk Percentage / Position size: 0.5%

Exchange: Binance, KuCoin, ByBit,

Duration: 3-7 days
Confidence in Trade: Low
Technical Analysis:

we ask Allah reconcile and repay.

Binance, ByBit Spot, KuCoin
#BTC/USDT All entry targets achieved
Average Entry Price: 27120 💵

If this pattern failed then signal might hit stop-loss make sure to stick with risk management!
https://www.tradingview.com/x/HbSWKKo1/
we ask Allah reconcile and repay

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Happy investing,
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#BTC chart status!
https://www.tradingview.com/x/oYyTbc5X/
we ask Allah reconcile and repay