At last update since few hours at 1 H frame Btc move in an upward channel and $3950/3800 is Support for this channel So Stability above $3800/3900 is very important to complete this bullish movement the breakdown for this channel, will lead BTC to $3650/3550 again
Then BTC broke that channel
before take about what the current action to take let us take fast look at BTC time frames 1 H frame After breakdown for this upward channel there is no much panic on market even with this red candle at daily frame this mean people still positive about bullish movement At this frame You will find BTC besieged between SMA 50 as Resistance $3950 SMA 100 as Support $3750 SMA 200 as Support $3500 Also Current movement very close to H&S Pattern So for who looking for long scalping keep your focus at this yellow eye $3580/3650
4 H time frame The situation is not very different from the 1 frame The same levels of support and resistance also the patterns
12 H frame you can see btc move in Descending Channel Also, there`s was Bullish Divergence 25 Nov / 8 /15 Dec Then Btc grew about +26% after that now there`s a Bearish Divergence between this date 29 Nov / 21 Dec with these signs, BTC show weakness from resistance line at $4150 and drop to $3850 right now the good thing until now 1/4/12 frame agree with the same level $3650/3500 as important level and last defend line for bulls.
Daily frame The movement was very close to H&S and still if btc didn`t back below $3500 daily with full Bearish candle It is worth mentioning that we have already drawn this pattern by specifically on December 10 last One of our fans was puzzled by the matter and said isn't it too early to predict and draw inverse head and shoulders? That was our answer prntscr.com/ly5rgs bit.ly/2EJzEiO
Weekly Frame nice performance and a good rebound above the SMA 2000 But the price is currently in the face of the 150 moving average which the price has not yet succeeded in overcoming Therefore, pass SMA 150 moving average with a weekly closing, we will see more positive movement and vice versa if the BTC fails to do so
But the most important of this stability is above than SMA 200 Recent touches in past years for SMA 200 ended with a good recovery for the BTC So, of course, closing below it would have bad consequences
Monthly frame Finally calm and start appearing wicks after a decline of about 47% in last month If Dec Close by this way with a long wick this means 55% of the market turned to the bullish side and probably we will see good green at Jan
WHAT DOES A LONG WICK TELL US? educate yourself bit.ly/2CtLFqg
Now after reading BTC trading frames?! what we extract from them?!
$3600/3500 is an important level and last defend line for bulls so keep your eyes on it, if we get a good reaction from it, properly we will open long signal from it
Break $3500$3400 with a full bearish candle will lead btc to another dip
SMA 200 is a major support for btc so closing below it would have bad consequences to market
Break SMA 150 with weekly close will bring more bullish movement
Dec performance until now is good, for that we add Dec as an important date for btc due performance for btc at this month will indicate how btc will start 2019 new year, so closing with a long wick, probably we will see a green Jan
what we doing now?! we provided support levels for current movement but we don`t short btc due we don't use leverage so we waiting for price reaction form $3650/3550 to open long signal or not
Our Current Signals 1-we added $3150/3200 as long entry at 16 Dec gained +24% still active stop at entry 2-from $3550 gained +10% still active stop at entry 3--from $3350 gained + 16% still active stop at entry
#Statement for our work with btc during this storm from 8 Dec until today 21 Dec 2018 Net Profit for btc long signals = 68.08% Without Leverage X10 =680 % Proof bit.ly/2LA357u
# Previous Statement for our work with btc during this storm from 14 Nov until today 8 Dec 2018 Net Profit for btc long signals = 54.55% Without Leverage X10 = 540 % about 28 Signal about 6 short updates and analysis Total - 73 %Without Leverage, X10 =730% Proof bit.ly/2zQmoVv
#The most important events during this year from Dec 2017 to Dec 2018 bit.ly/2QnbrEU
Our time prediction Since 16 Dec If btc didn't take aside until 21/23 Dec probably he will join sideways After that Btc Bounce +26% Since this prediction Proof prntscr.com/lx5g7h
About MarketCap Since our prediction Cap Bounce +37% Due to this rebound, you saw many alts pumped at last days read updates bit.ly/2V2IexT bit.ly/2QQ5cKk
Good luck to all. The Wild Crypto™, We ask Allah reconcile and repay
Kommentar
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During our work at Market always when we see the herd agree with one thing 90% this thing fail, Since 3/4 days people agree with bearish Pattern then btc pump, and now looks the whole market set $3650/3500 as his bounce zone and buy zone so it will be a free chance or the market will fool everyone.
btc until now is stable above 37XX (SMA 100), Alts keeps good movement and no much panic on market.
for us, nothing changes, for now, we still wait for $3650/3500 but for sure if btc, except if btc went up above $3950/4000 again.
We are in a high oscillator area and almost people go to open long now after waiting $3650/3500 yesterday now the same people turned to long from current levels, so if bears want do there movement, this the best chance for them So be sure you follow capital management at last signal Btc hit $3935 after our signal then bounced twice to $4030 near our first target
Buy between $3950/$3880 still available Stop_loss $3790