Wild Bitcoin™🇵🇸

#BTC BTC, as we mentioned in last update, breakout ( SMA 25 ) Next Targets, will be $11750 $12000 $12525 Btc hit $12425 Current movement: Btc reached the good and strong resistance area at $12450/12550, if btc fails to breakout, we will see btc bounced…

#BTC
from $12450 /12550 fail to breakout it and got bounced to $11750 Breakdown to $11350 !!
In the last update, we said we will wait for more retracement as long as BTC moves below $13000 daily ( This a condition for movement) !!

In the main update in this chart, we told you about movement conditions and we traded it also with you, that conditions were:
if btc breakout (SMA 25 4H TF) the Next targets will be
$11750 Achieved
$12000 Achieved
$12525 hit 12400 !!
That was for bullish movement, and we got some scalping trades
from $10450 to $12400 still active Sl at entry
from $10950 closed then btc hit $10750 and rebound to $12400
from $11700 TP 12150 achieved, the price hit $12400 was inside signal, then hit sl at entry
and right now we have scalp also from $11350 very close to our targets All Thanks to Allah

Ps:
you need to know after all of this trades we expect more retrace for btc as we mentioned in the beginning !!

BTC retracement targets:
$9500/9200 Good for Scalping
$8200 Good for Mid Term
$7400 Good for Mid Term
$6600 Good for Mid/long Term

As we mentioned Best buy zone in these levels is
$8200
$7400
$6600
and this plan still active as long as btc move below $13000 daily !!

Current movement:
BTC breakdown (SMA 100) another move supports our plan,
we scalp this move from $11350 already so right now nothing to do except gain targets and wait for the next dip!!

https://www.tradingview.com/x/3z6Kx3xb/,

Our analysis about retracement Check it
#BTC we still looking for more retracement, How to trade it?!

(https://www.tradingview.com/chart/BTCUSD/WEdqiVCh-BTC-we-still-looking-for-more-retracement-How-to-trade-it/)

About our prediction Since breakout $5500?!
Btc moving in a critical range, the whole movement can be a trap or real recovery, but as we said before close above $7500 means btc takes first recovery step, but to confirm more bullish steps, btc still need to move, so putting prediction, it's like gambling with current movement!!
But anyway as long as btc hold above $5500 Monthly we expect more growth for btc and the bullish view will confirm by breaking $11500 monthly as we mentioned since more than 3 month ago !!

After all, you need to know
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 succeeds, 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!!
So if btc follow what we expect this will be nice, fail to do that we care about movement and trading it no more

Ps:
we don`t short btc never!! but we analysis bullish and bearish movement to extract best entry levels for btc !!
we don`t use leverage in our signals never!!

Our analysis contains two types of updates
1-short term updates
In these updates, we talk about current movement with support and resistance for it and conditions to complete the main trend like this update about movement between $9000/$11500

2- Mid&Long term updates
In these updates, we talk about the main trend and major support and resistance and best buy zones for trend, and retracement levels and ATH targets also we add perdition for the next movement

To avoid confusion
As a daily trader, you should care about short term updates only
As an investor, u should be looking for Mid&long term updates
For us as analysts, we care about these two types due to all of them running into one cycle!!

We shared two updates talking about the long term for btc check them

1-BTC-Simple-Explanation-for-NEW-ATH-Dips-Best-Buy-Zones

2- #BTC Is That Time For New ATH? ATH / Disp / Support / resistance ATH Targets / Best buy zone Check it

3- About New ATH Condition and has analysis for a bounce from $13750/14200

🙏We ask Allah reconcile and repay🙏

266 viewsedited 05:04