Bitcoin BTC - Feb 2 Afternoon Update - Don't Lose Sight! The End Is Near
TARGET CORRECTION NAILED - WHAT'S NEXT?
Long Term Bias (6+ months) - Bullish
Medium Term Bias (Days to A Week) - Bearish
Short Term Bias (Today) - Neutral to Bullish
Long Term Target Prediction - $30,000+ by 2019
To wrap up yesterday, I predicted $7,914, and we hit $7,960
On the 4 HR chart and big picture, we see a 4 HR bullish engulfing candle which with great volume. This shows strength and conviction in the market. Though I don't count 5 waves. Therefore we must assume further correction.
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 - Tutorial Part 15 Automatic Stop Sell/Buy Executions
Lesson 16 - Tutorial Part 16 - Advanced 55 EMA Strategy with Time Frames and MACD Part 2
Twitter - https://twitter.com/PhilakoneCrypto
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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.
That's a interesting wave count to consider. Your content has helped me so much and helped me see some new perspectives.
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However, I do have a question: How do we know it's not a ABCDE correction?
Thanks for all the hard work you put in for the crypto community by helping us to learn TA better
Upvoted! Can you do a TA on BCH? Thanks.
I think that the correction is almost done. One final wave down should push the price to around $900. After that, the price should start impulsing towards the moon.
https://steemit.com/technicalanalysis/@swagtoshi/bch-correction-almost-over
no pain,no gain.
no panic, no gain.
Thank you so much for taking the time to share this man! Much appreciated! Please do more videos showing some of your live trades :)
Thanks, Phil. Can't express how grateful I am for your help.
Appreciate everything you do for the crypto community, Phil.
Thanks Philakone!!!1
Thank you for all you work and honesty towards us! :)
Thanks, well deserved upvote
Upvoted !
First time i comment, i love your work, keep go on ;)