Bitcoin BTC - Feb 14 Technical Analysis - Evening Update - Battering Ram? Or Trap?

in #bitcoin7 years ago (edited)

General tone: We are ascending to $9K Range
We must break $9,074 with clear volume.
If we do, $9300 first target.
If we fail, support ranges $8,300 - $8,600
Long Term Bias (6+ months) - Bullish
Medium Term Bias (Next 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

My Comprehensive List of Tutorials
Please consider upvoting if it has helped you
Please consider purchasing me a 33 ft' yacht
if you have reached incredible success


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
Lesson 18 - Bitcoin BTC Feb 6 - BTC Update - Summary of ABCDE with live play.
Lesson 19 - Elliot Wave Theory, Fibonnaci Retracement & Extension (Combined with Feb 11 BTC TA)
Lesson 20 - Advanced Elliot Wave WXY With Feb 11 Technical Analysis
Lesson 21 - Using Elliot Wave, Fibonacci, And Extensions To Obtain Targets (Combined witFeb 11 BTC TA)
Lesson 22 - Risk Management, Channels, Fib Retracement, Fib Extension. Summarizing Feb 11 BTC

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
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.

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.

Sort:  

awesome!

Thanks for the update! I'm gonna send you a lifetime supply of Cherry Coke when I become a killer whale one day...

i love... cherry coke. you remember. I LOVE YOUUU

ABCDE in your triangle (i have a wedge that supports the H&S neckline) but same rules apply. E wave to go....we shall see.

As always thanks for your update Phil. Hope you enjoyed your MacD last
night ;)

still confirming. lol. ketchup taking so long

Me Watching! thank you for the update =)

Nice information as always.

I upvoted all your content. Thanks for everything you do Philakone

nice graph. Look to me BTC will be down to $8.3 or lower by this Friday...imo

Great work as usual, every video you post contains a little hint that make me progress on my studies on trading. Today it was "Assume always there is a parallel channel".

Back to us, at 4:21 you start counting an Elliott Wave kinda "out of nowhere".
Is that correct, or it is based on previous counting you had already done?

Thanks for the update !

You always deliver.. Nice job there

Coin Marketplace

STEEM 0.17
TRX 0.16
JST 0.029
BTC 62284.56
ETH 2424.79
USDT 1.00
SBD 2.58