#BTC Based on our view and this scenario we posted for ascending broadening wedge from $10750 since 15 Sep we looking for a bounce from $14250/14500 once again for BTC This prediction will fail if BTC breakout 14750 daily/weekly !! This TA update is an explanation for market movement(not mean buy or sell) We tell you to buy or not through a clear signal with clear targets and stop-loss risk management etc, not anything else.
An ascending broadening wedge
Main resistance levels for now $14500 $15700 $16800
Retracement levels between 13950/9850: will update if BTC closed above $14750/ daily weekly $12750 $12250 $11950 $11550 $10950 $10550
About our expectations !! You need to know, the prediction or expectations does not means impose what you want or force it to happen, it is just a conclusion from the current movement of what will happen in the future and this not necessarily mean the success of this conclusion, but if the market follows our prediction this will be nice!! anyway ... Our Ideas&trades do not depend on prediction or expectations, but rather depend on movement and price reactions so the reality and what is happening in the market and chart this is what we care about and our buy&sell based on it. and with market signs, your prediction will get more confirmation which will give you more trust, and that what you need in the market.
In the end, the information we mentioned here is a personal effort that is subject to success or failure and we welcome constructive criticism. Good luck to all. we ask Allah reconcile and repay🙏
Note
Don`t forget The reversal levels for the current movement, 👆 right now eyes on the $14250/14500 zone _@ fail to reversal from it, the next zone will be $15700/$16800 !!
Ps: The TA updates is an explanation for market movement(not mean buy or sell) We tell you to buy or not through a clear signal with clear targets and stop-loss risk management etc, not anything else.
Good luck to all. we ask Allah reconcile and repay🙏
Note
[In reply to #BTC The Bulls broke $14500 and go directly to $15700 !! In the last updates, we identified $14500 as a bounce zone and we set the success rate for it at 50% and mentioned the breakout for $14750 means this ascending broadening wedge) failed and the next reversal zone will be at $15700/16800
Current action: tracking movement and eyes on these levels $15700/16800 to extract new buy signal!!
Main Resistance levels for now $15700 $16800 $19250
Ps: The TA updates is an explanation for market movement(not mean buy or sell) We tell you to buy or not through a clear signal with clear targets and stop-loss risk management etc, not anything else.
Good luck to all. we ask Allah reconcile and repay🙏
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.