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#Bitcoin Price Prediction ( Daily Update 6/11/2019)Good morning 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. (Don't forget to support our idea Press like means :love: leave feedback means you appreciate our work, and we are thankful for both!!) 10 Days passed with stability above $9000 ( SMA-200) with falling to breakout $9450 (SMA 100) as we mentioned since 4 days On Tg 4H shows Btc trying breakout this local resistance at $9400 but looks bulls missing the power to doing that, so the bounce from this resistance again we will see $9000 and for sure the breakout $9400 will give the market good push up and this will be cool for sure!! Yes Btc visited $91XX about 3 times after this update and every time got small rebound to $93XX/94XX and during that we shared scalping signals with you but btc fails to breakout it In this update, we will review movement for btc on multiple time frame with a short explanation for this movement after that we will tell about the information we extracted from the chart with the most important levels of the current movement and what the current procedure we will follow, stay tuned :) Abbreviation Of analysis Enjoy with explaining and extra info about current movement between $7100 /$10950: (4H Frame) Shows BTC bounced again from $9400 with bearish candles from it but we can see btc still moves inside this Ascending channel there (Daily frame) Shows Btc still trapped between (SMA 200 - 100) (Weekly frame) Despite this amazing pump from $7XXX in last weeks but on weekly frame btc still, move below this bearish trend from $13750 and every time create another LH as a sign for dominate from bears on weekly. (Monthly frame) from the first look, you can see long wick from (SMA 25) there with a green body, yes it`s a good sign for bulls and shows how they are fighting there, but the rules say the candle looks Doji and he result of the battle was a draw although that was big pump but bulls still move below bearish barrier. So from that chart, we extract Bulls are trying hard to shows control but they need to prove themselves and this will happen by breakout $10950 as we mentioned in all previous updates. Close above $10950 daily/weekly will erase this LH on weekly frame and this will be the first sign of domination, for sure they need to do more than that, but this is the closest sign they need to achieve. But if they fail to do that and the bears breakdown $9000 (SMA 200 again) Probably we will see btc dump once again to $8700 /8300/7900 maybe lower to $6600/6100 the last line on our retracement plan since 27 Jun now we hope the chart is easy for you to understand. Current Action: we will keep tracking 4H frame and trade the channel limits by buy reversal candle from channel support until btc decide what the next Current signals we have : $3150 ( Signal Proof) Hit $13750 Still active $3322 ( Signal Proof) Hit $13750 Still active $3762 ( Signal Proof) Hit $13750 Still active $4050 ( Signal Proof) Hit $13750 Still active $7400/$7100 mentions since 27 Jun / 24 Sep and 24 Oct also On TG channel $8650 Hit TP3 +20% Still active $9108 Hit TP2 + 2.5 % Still active $9160 Hit TP3 + 3.75% Still active $9270 Hit TP3 + 4.5% Still active $9205 Hit TP3 + 2.8% Still active Stop_loss at breakeven Q&S Is that time for mega bullish once again? to say that, we need btc to back above $10950 once again daily/weekly as the first sign for the power of bulls and confirm that by breakout $13750 daily/monthly What your vision for the long term?! new ATH Target at $27000 $36000 as long as btc holding above 5500 monthly breakdowns it we will see $1500 this time About continue retracement to $6600/6100? Yes Btc has big chance to visit these levels as long as btc move below $10950 Daily / weekly, There some people asking if btc can go below $5500 again?! The answer this is crypto so this can happen easily but as long as btc hold above $5500 monthly hard to say that, yeah monthly frame looks bad( shows positive reaction now) but btc still move in a good range so don`t care about what will happen tomorrow just care about now, if you did, you will be ready for anything. Price Prediction: 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, the closing 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 Predictions!! Our trades don`t depend on the prediction, our trades based on movement and reaction, so you need to know the 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 this what we sell and buy, not the expectation. so we care about movement more than expectations!! but if btc follows what we expect this will be nice, but if btc 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 Good luck to all. The Wild Crypto™, We ask Allah reconcile and repay
by HamadaMark
4
**The destiny of Bitcoin is to be determined soon**Hi, Traders ! Monfex is at your service ! Please find below our multi-chart (1D/1H) update on Bitcoin's price dynamic. * Bitcoin's market forces have found a solid equilibrium around an important $9,300 level. * The price resides at the key point of determination: either the Bulls will push it off $9,300 and sweep it up to the mid-term target of $12,000 or the Bears will force it down to the nearest Support at $8,500 - $8,600. * In any of the presented scenario, we should watch for the price action (instant momentum), accompanied by (increased) Volume in either direction. Only after that, we could enter a trade on a break-out of the nearest (minor) S/R levels. * Both indicators, RSI & MACD, currently reside in a Neutral position. General trade guideline Buy if breaks-out above $9,600. Sell if breaks-out below $9,200. Buy Target: $10,500 (Nearest) / $12,000 (Mid-term). Sell Target: $8,500 - $8,600. Stop-loss: 200 b.p. Watch for our Updates to get real-time superior signals! GOOD LUCK AND LOTS OF PROFITS !! Disclaimer This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
by Monfex
Further drop was widely expected! Important weekend Update!!Hi, Traders ! Monfex is on the air ! Bitcoin demonstrated nothing short of a roller-coaster week: the motions were too fast for the eyes of crypto market players to follow. * At first, the price of Bitcoin slumped to a five-month low of around $7,000, making the majority of market participants think that the drop would likely continue and we could soon see $6xxx area. * But later, the price suddenly spiked to over $10,000 – the occasion that has left market analysts scratching their heads as to the reason of the instantly changed market environment. * At the same time, we did issue a Long signal that day (), but we expected only a minor rebound to $7,700 - $7,800 area. * In the lead-up to Bitcoin's crazy price action this week, bullish Bitcoin traders were staying calm and confident about the market - projecting it will explode over the next couple of years. * Namely, a widely-respected BTC analyst PlanB, who invented the so-called stock-to-flow BTC pricing model, refreshed his projection on Bitcoin's price to reach $100,000 until the end of 2021. * Overall, we think that this bullish explosion will not subside in the short-run and the positive moods could push the price higher - to the next target at $12,000. Active trade signal Buy @ $8,500 - $9,300. Target: $12,000. Stop-loss: $8,200. Watch for our Updates to get real-time superior signals! GOOD LUCK AND LOTS OF PROFITS !! Disclaimer This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
by Monfex
**Bulls are getting SQUEEZED and here is WHY**Hi, Traders ! Monfex is at your service ! Bitcoin is under severe pressure: bears keep pushing on aiming to knock bullish Support area around $7,500 - $8,000 to pieces. From the technical standpoint, it still looks like a protracted correction and it is quite hard to descry the point of market equilibrium, so we need to get additional confirmation before jumping in either direction. * We are partially closing our speculative Longs since the price drove through $8,000 once again. * From now on, we are precisely careful with Longs until we see, at least the short-term, bearish rejection. * So we watch closely for any sizable impulse up & the break-out of 1H descending channel. * Until that we are staying in a Hold Mode. Shorts are possible on price spikes & in case of the further break-down below $7,500. Short-term trading strategy ? * Watch for break-out of 1H channel to enter speculative Long. * Watch for price spikes after an impulse up to go Short. * Watch for the price action down below $7,500 to enter Short. Watch for our Updates to be the first who gets well-timed signals ! GOOD LUCK AND LOTS OF PROFITS !! If you agree with this analysis, then Like it and visit my page! This will be the best feedback and encouragement for me! Disclaimer This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
by Monfex
2
The Spring is tightening, but which way it will unfold?Hi, Traders ! Monfex is at your service ! What is going on with Bitcoin so far ? * The battle between bulls and bears around $8,000 is not calming down, and the spring really becomes clenched. * The price has temporarily stopped by the middle of 1D descending channel signalling that market participants took a break in order to determine a further direction. * On 1H price made a second attempt to break above a minor resistance at $8,250, but yet unsuccessfully. * There is an obvious Volume accumulation area around $8,000, which still stands out in favor of bulls. * The further development of the situation is rather ambiguous and depends on the strength of bulls and mainly the state of the Bull exhaustion. What should we do ? Be ready for both scenario: * You can try a speculative trade from around $8,000 with a target at around $8,500. Tight stop-losses (about 100 b.p.) should be used. * Should the price start confidently breaking below $8,000, be prepared to swiftly reverse your position to a Short with a juicy target in the area of $5,000. Watch for our Updates to get real-time superior signals ! GOOD LUCK AND LOTS OF PROFITS !! Disclaimer This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
by Monfex
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