Bitcoin BTC Feb 20 Morning Update - Detailed Technical Analysis
General tone: Facing resistance,
If we break above $11,750, next resistance is $12,250
If we break $12,250, we could see a surge to $13,500.
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, Shorting, 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 you think I've helped you tremendously, donate crypto to my dog's tequila / vodka problem.
BTC: 1PruhmsYXU2gPkNw574xZSMyBG4YW5Wnq9
NEO: AaZu8fiiMW3vnizUaSkRj6JoobswkeCKPQ
EOS: 0x2538b728f9682fc1dc2e7db8129730f661753850
Ethereum: 0x2538b728f9682fc1dc2e7db8129730f661753850
LTC: LPeaZpGiF3XdCw5XPN7LXztDagTEZAMgYd
Bitcoin Cash: 1AY2FPANCe5URB71Nvy6tkCgoTS8iHgmZD
XRP Address: rLW9gnQo7BQhU6igk5keqYnH3TVrCxGRzm / Wallet: 4110054236
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.
Thank you philakone! I have been trying to learn as much as possible from you bad ass charting skills. Getting close, profits are growing, losses are shrinking. For me I like the day trader strategy the most because of the challenge and really everything else is boring. There are do'ers, dreamers and haters. Those that put in the time and study to learn what you've graciously shown us will succeed. If they don't the can only blame there selves and not the teacher. Everyone wants to win but there has to be a looser. I was raised to look at those who are successful and let them be roll models while others feel that they are just the privileged and should give to the unfortonate. Most of the people that are attacking you are the kids in the grocery store that are on the ground kicking and screaming because they didn't get there way.
I've fallen down a lot along this journey but lately have been nailing it. My charts begin to have trend lines all over but each line for me is drawn out to find the pattern to plan entry and exit. I only enter when I have confirmed an uptrend or expect a reversal at a major support line when things get out of line I smack that sell button and wait to figure out the direction. Could I made more, usually, could I have of lost, you bet. When things get crazy get out is what I've learned.
Well that rant has went on long enough thanks for everything saving up to buy you that yacht.
Thanks Phil, I love your TA!
It's incredible all the theory I learned in only two months thanks to you. My girlfriend thinks i'm making art with all the EW counts, support and resistance lines, blue triangles and green rectangles. lol
Amazing TA! Upvoted!
Thanks for the analysis. It is quite helpful, especially, when the market trend is hard to understand .
:)))) Very nice call, AGAIN
Thanks! Up voted
So much to learn!!
upvote!!
Great strategy. Thanks a lot.