Bitcoin BTC - Afternoon Update - Setups, Correction Targets, Long Targets
We correct between $6732 - $7175
Target still stands after this small correct - $8100++
Long Term Bias (6+ months) - Bullish
Medium Term Bias (2-4 Days) - Bullish
Short Term Bias (1-2 days at most) - Bearish
Long Term Target Prediction - $30,000+ by 2019
Elliot Count has been updated and thanks to @ SikretStudio on twitter for providing insight. As traders, we must learn how to accept criticism and feedback. We must throw our ego aside. We must learn to accept responsibility and hold ourselves accountable to grow as traders. My previous EW count is now an alternate and can only be accepted IF and ONLY IF we somehow get a massive extended wave. Therefore I have changed my main count to the below.
On the very big picture, the elliot wave count is to be determined and uncertained. The reason for this is because we don't know if we are in a corrective wave against the trend, or an actual impulse yet. Therefore, we have to assume there are two possibilities. We will confirm this in a few days once the "Wave 3" or Wave C scenario plays out.
1) An ABC corrective pattern against the down trend. IF THIS is the case, we will likely go through another short-term bear trend to possible $5-6K ranges.
Though if the official count is done, Then this is the start of an impulse wave up with 5 waves.
Always be cautious, take high probability trades, plan entries and exits, stick to high reward low risk R:R setups. Good luck traders
Tutorial Series
Lesson 1 - Bitfinex Tutorial - How to Customize and Set Up Bitfinex
Lesson 2 - How to Analyze Candlesticks Charts with Strategy
Lesson 3 - Moving Averages
Lesson 4 - Relative Strength Index RSI with Advanced Strategy
Lesson 5 - MACD and Histogram
Lesson 6 - Margin Trading Long, Short, Leveraging
Lesson 7 - Basic Risk Management
Lesson 8 - Fibonacci Retracement Part 1
Lesson 9 - Fibonacci Extension Part 2
Lesson 10 - Laddering
Lesson 11 - How To Interpret Time Frames
Lesson 12 - Swing Trading Advanced 55 EMA Strategy
Lesson 13 - Introduction To Elliot Wave Theory
Lesson 14 - Using a Basic Excel Tracker for Risk Management
Lesson 15 - Automatic Stop Sell/Buy Executions
Lesson 16 - Advanced 55 EMA Strategy with Time Frames and MACD Part 2
Lesson 17 - 6 Hours Live Trade Scalping. Growing $2,000 Account into $3,500
Twitter - https://twitter.com/PhilakoneCrypto
Youtube - https://www.youtube.com/user/philakone1
If I've helped you, consider buying Luna and myself a beer
BTC address: 1PruhmsYXU2gPkNw574xZSMyBG4YW5Wnq9
Ethereum: 0x2538b728f9682fc1dc2e7db8129730f661753850
LTC: LPeaZpGiF3XdCw5XPN7LXztDagTEZAMgYd
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The ultimate goal is to help the crypto community because I think there's a lack of these type of videos. I want to share everything I've learned because knowledge is only power if passed on. These are educational videos intended to teach how to think through thought-out rationalization.
DISCLAIMER:
Legal stuff here. I'm not financial advisor. This is just my opinion that I'm sharing with the community. All information is for yours to process how you wish.
Bless your asian fingers good sir~
LOL ty.
My new favorite follow! Here and on twitter. You seem very genuine and willing to share your knowledge. Cheers!
Hello!! :) :)
are you still bullish on bitcoin
gotta READ if you wanna SUCCEED and you'll find there's no NEED to ask.
You can find his answer on the top of the page.
We correct between $6732 - $7175
Target still stands after this small correct - $8100++
Long Term Bias (6+ months) - Bullish
Medium Term Bias (2-4 Days) - Bullish
Short Term Bias (1-2 days at most) - Bearish
Long Term Target Prediction - $30,000+ by 2019
Hi would you mind telling us what book you were referencing in the video? Thanks!
Would this be another valid count? The current count has a wave 1 and wave 4 overlap. The trend lines don't seem slopped enough to be a leading diagonal. The overlap seems little deep and long to be "just the wicks".
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Yes absolutely. That's an alternate of mine now. Reason I don't count it is because if we simply look on a 30 minute chart, it makes much sense. Give it a shot.
Yeah, looking at the 30 min definitely helps a lot. It makes much more sense now.
Here is a TA - pricing DIPPING UNTIL JUNE 2018
That's shizer TA
Scenario 1 por favor
Appreciate everything what you do. But please smoke less, eat healthy food & get enough rest. What's the use of all this money in the long term if you neglect your health :) Ps: I sound like your mother now, lol.
I have been learning a ton about technical analysis from your Youtube channel and I greatly appreciate the knowledge you freely share with the community <3 I originally started studying technical analysis to trade on the Forex stock market but got into crypto in mid December 2017 and I'm in love with it. I've recently been able to make some very accurate price predictions and been able to predict when bounces will happen, looking forward to learning more from you and getting that lambo ;)