HamadaMark

#Bitcoin Price Prediction ( Daily Update 28/8/2019)

COINBASE:BTCUSD   Bitcoin
Good evening dears bulls & bears this is our daily update for btc ,
Please read these details we mentioned below this chart carefully. Thank you for your support.


#BTC
After breakdown $9850 and closing daily below it, BTC has 3 steps to $9100
these steps is about breakdown these levels and close below them 4H/ Daily
$9650
$9450
$9100

The breakdown for $9100 Daily = sell-off and continue our plan from $13750
On 26 Jun, we set $13750/14200 as resistance and bounce zone below the same update we indicated a clear bearish signal for btc and drop to $11500
Below this update, you can read more details
Here..

On 27 Jun, we setup retracement plan for btc and since this time btc follow it very well and during this time we analyzed and shared any good chance for btc but our plan and prediction for more retracement was active.
Below this updates, you can read more details
1-
2-
until the last update since a few hours ago, we kept trade with movement but our plan and price prediction for btc was active with solid limits so current movement and lower that it is normal for us


Current action:
watching BTC performance from these levels and any good sign for long scalping we will try to share it with you, until btc breakdown $9100 and active next levels of our retracement plan!!


Here`s is a list of most important support and resistance levels for BTC ( Mid Term)
Support levels
$9650/9450(Bears Barrier, Local Support )
$9100 (Psychological barrier for the market)
$8200 ( Reversal zone) Succes rate 40%
$7400 ( Reversal zone) Succes rate 60%
$6600 ( Reversal zone) Succes rate 80%
$5500 < Market Edge >

Resistance
$9850 (local resistance)
$10650 (Bulls Barrier, local resistance )
$10950/11150 (Positive Market)
$12000/13000 (Bulls Dominate )
$13750 ( Fomo level)


Our prediction due to this performance on Weekly / Monthly
In the short/mid-term:

we looking for more retracement for btc based on our plan from $13750 and the key to complete this plan is breakdown $9100 daily,
in current time $9100 changed his identity from Daily/weekly support to Psychological barrier for the market, So the break down this level daily = selloff

Ps:
This view still remains as long as btc moves below $10650/10950 daily ( Short term) / 13750 weekly/Monthly ( Mid-term)

About our prediction Since breakout $5500?! ( Long Term)
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, with current movement!! it's like gambling, But anyway as long as btc hold above $5500 Monthly we expect more growth for btc and the bullish view will confirm by breaking $13500 monthly (was 11500 we changed it to 13500) due to this bad performance on monthly frame


About Our BTC Predictions!!
We do not trade depending on the prediction, we trade depending on movement and reaction
After all, you need to know
The expectation Expectation does not mean imposing what you want or force it to happen, on a fait accompli, It's just a conclusion from the current movement of what will happen in the future and not necessarily mean the success of that conclusion,
anyway..., the reality and what happens in the movement is what we sell and buy, not the expectation.
so we trade and care about movement more than expectation!! but if btc follow what we expect this will be nice, but if fail to do that we care about movement and how to trade it, no more.


For more info about how our bitcoin updates work check this
bit.ly/30DchPd

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

👋 Be a trader, not a gambler, by following risk/capital management!!

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