Bitcoin BTC - February 8 - Where is the 5th Wave? Bull and Bear Scenarios

in #bitcoin7 years ago

Bears are not giving up
Long Term Bias (6+ months) - Bullish
Medium Term Bias (Next Week) - Bearish
Short Term Bias (Today) - Neutral to Bearish
Long Term Target Prediction - Primary Wave 3, $35,000+ by 2019
Long Term Target Prediction - Primary Wave 5, $50,000+ by 2020

We are missing wave 5. Where is it? A major resistance test will be made first, before testing the $6K support again. The only question is where will we h it before the downtrend starts?

Always be cautious, take high probability trades, plan entries and exits, stick to high reward low risk R:R setups. Good luck traders

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.
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.

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Does anybody know when Binance is coming back online? Or did all the crypto on that exchange evaporate?

They're using 3 methods. If the first one works, it should be up in an hour or so.

Crossing my fingers that the quickest method works...

system upgrade with some issues as they had one attack, they are coming back just don"t sweet it, all good

follow Binance twitter for their activity

Glad they are up again and running, maybe I'll learn a lesson from this scare and learn how to store crypto on a paper wallet, so I'm not at the mercy of an exchange...

I knew a video was coming after not hearing from you on Twitter for almost an hour!

Phenomenal TA, as usual. I really hate my original purchases that were complete FOMO in December. However through your lessons I have began to build the amount of BTC and other cryptos I have without putting in any more cash so the pain is less than just sitting on my hands.

Hey papa whale. Loved the vid. Been trying to learn EW and have come up with the following on the vain hope that the bottom we saw is the actual bottom. The retracements line up on .382 or .216 eacht ime so wondered what you thought
EW.png

I was glued to this video. Really well thought out. Gave me more belief in wanting to wait it out. Always tempted to jump back in but I also believe we are heading back around 6K if not lower.

Just wanted to say thank you so much! I'm learning so much from you. 😁😁😁

Thank you so much for these TA's and Tutorials. I've learned so much from you in a short amount of time.

Mama whale always blessing us with his videos. Thanks for doing this!

Hey Phil Thanks for the new Update! i have been following you since last week. It would be great also if you can give us a TA or Update about XLM and Ven and other coins you have. :)

This is getting out of control, what has Phil done, thanks for the video

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