Bitcoin BTC - Feb 13 Detailed Technical Analysis - Indecision in Market. Bull + Bear Scenario. Reaching Critical Points.
General Tone: We must finish a 5th subwave impulse with a clear break above $9,074 and hitting $9,300+
Hard Resistance - $9000-$9,074
If we do not break this critical apex, and the channel/ascending triangle fails, we'll see:
Support Range 1 : $8,300
Support Range 2: $7600-$7900
Support Range 3 - $6,000
Lower Barrier, $5,200
Long Term Bias (6+ months) - Bullish
Medium Term Bias (Days-1 week) - Neutral
Short Term Bias (Today) - Neutral
Long Term Target Prediction - Primary Wave 3, $35,000+ by 2019
Long Term Target Prediction - Primary Wave 5, $50,000+ by 2020
Here is the bullish scenario:
Here is the bearish scenario:
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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.
If I've helped you, consider buying Luna and myself a beer
BTC address: 1PruhmsYXU2gPkNw574xZSMyBG4YW5Wnq9
Ethereum: 0x2538b728f9682fc1dc2e7db8129730f661753850
LTC: LPeaZpGiF3XdCw5XPN7LXztDagTEZAMgYd
Bitcoin Cash: 1AY2FPANCe5URB71Nvy6tkCgoTS8iHgmZD
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.
Good stuff ! Thank you
Thanks! Much love for doing this for us!
BAM!
Philakone what effect is the lunar Chinese New Year celebration having on volume in this market? From what I understand this holiday period is observed by close to 2 billion people in Asia. Most of them have the week off and are celebrating with their families, similar to the Christmas holiday in the Western world. Could this be a sign of strength if Bitcoin can still tread water with over half of the market not participating at the moment? Chinese New Years concludes on Friday 16 th . Is it reasonable to expect there could be increased volume from buying when half the market comes back and are looking for ways to spend some of the money in those red envelopes passed around for Chinese New Year? What are everybodies thoughts on this and thanks again for all the effort you put into educating all the minnows, mini dolphins, and baby whales Philakone!?!?
I am guessing It should have the same impacts as christmas. However there are so much hidden walls war recently, I feel like the market is currently manipulated by the rich. Instead of predicting what lunar chinese new year will do to the market, it may be more beneficial to predict what the rich are trying to do?
There definitely are some whales in the crypto space that influence price.
Hi.... why is C higher than A? si that allowed?
On a leading diagonal?
Thank you, mama whale! It's not related to crypto, but could you reveal to me your poliphasic sleeping schedule? I would appreciate it!
Thanks, mama whale. With so much indecisiveness right now, I've been staying on the sidelines while following your updates. The old me would've entered blindly upon FOMO without evaluating the R:R scenarios!
Thank you!
This is awesome... Thank you for the TA.
<3<3
Hello Mama whale :)
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