Bitcoin BTC - Afternoon Update - We hit $10K, Next Target and Supports

in #bitcoin6 years ago (edited)


General tone: We are hitting major resistance zones, which I see us attempting to break, but failing, and signaling
a wave 3 correction possibly beginning.
The daily target is $10,000 to $10,5000
Correction Target is $9,500-$9,750
Long Term Bias (6+ months) - Bullish
Medium Term Bias (Next Week) - Bullish
Short Term Bias (Today) - Neutral
Short Term Bias (Tomorrow) - Bearish (slight correction)
Long Term Target Prediction - Primary Wave 3, $35,000+ by 2019
Long Term Target Prediction - Primary Wave 5, $50,000+ by 2020


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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
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Lesson 11 - How To Interpret Time Frames
Lesson 12 - Swing Trading Advanced 55 EMA Strategy
Lesson 13 - Introduction To Elliot Wave Theory
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Lesson 16 - Advanced 55 EMA Strategy with Time Frames and MACD Part 2
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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.

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Found you from @TheChartGuys shoutout. Have you on the steemvoter so I can be aware of when new posts come out. :)

Resteemed. Thanks for the reminder.

Your videos have always been really good but you've taken it to the next level in the last few days. It'a excellent to have the zoom in day-trading view as well as the longer term visibility of what might be around the corner. You deserve many more upvotes considering how many views you get. Material is excellent - thank you.

Great one !!! Once again, Keep it up!!. Thanks a lot for the help to the community.

I'm just gonna leave this over here...
giphy (2).gif

Couple of days ago you replied to me that your bearish scenario of missing wave 5 in the big picture still stands but you never talk about it. Was your pediction wrong in that case?

I had the same issue, I guess he corrected his prediction when his bearish scenario didn't play out. I'm realizing that Phil is great with TA but it's up to you to choose which Scenario makes most sense.

Great stuff besides for the great information you provide you have gotten me to view trading as fun. Here are my thoughts on trading psychology check them out if you want.
https://steemit.com/cryptocurrency/@ypcrypto1993/crypto-trading-psychology

Thank you. The content you are providing is invaluable.

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