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
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.
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
Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://www.youtube.com/channel/UCeu9yMweVfTCftF9gvnuGeAA huge upvote from me !!! Thanks a bunch you've really made me a much better trader <3
Thanks, well deserved upvote
2 weeks in time in the crypto market is like 5 years in the stock market. Near would be just from 1 perspective :/
Thank you for all you work and honesty towards us! :)
You called it on ETH!
Stay strong everyone
Upvoted. Thank you for your work!
Nice work, thanks!
thanks mate
Just done watching! Repeated twice..xD and of course UPVOTED!
Great sharing from you as always ;) Thumbs up!
I love your free TA. TY
Appreciate Your diligence. UPvoted!
I couldn't sleep last night. Watching the market moving was insane. More action than the Battle of the Bastards.
Hello Dear Philakone. Thank you sooo much for your diligent work. I'm Really enjoying your videos and the care and attention and the humour you put into them. I think your philosophy is Ace as well. I'm not a very natural in this field, tried trading around ten years ago and went on a course last year which was disheartening. Anyway i'm trading crypto since December '17, learning a lot and having a blast but my eyes are straining as well lol. I've upped my general health and fitness and establishing a new balance in my life to accommodate crypto. Discovered Alerts on Trading View today. every day a new learning. Maybe you could mention something about the best way to handle alerts? cheers bro, you're a real dude I feel it in my soul. Be strong and courageous always!
Thanks for the TA analysis. I hope your wrong and BTC won't go any lower, but seems unlikely since your prediction has been pretty accurate so far.
Thank you for all your hard work. xoxo
I know you are busy but I would appreciate if you can give some tips or insights regarding ADA and SC. Thank you, say hello to Luna. xoxo
Nice work will watch
Wow glad I subscribed to your YouTube. I hope I can begin to understand all of the TA and charts.
Can you verify the bottom Philakone? I have $7,916 also but haejin and tony vey say $7,600? Am i missing something?
It depends on which exchange. on USDT exchanges 7900 was the bottom on USD exchanges 7600 was hit. But I hear you, its hard to know if the 4&5 (as he is calling them) waves are in or not. If so they would be pretty small it seems like.
Thanks, take care.
Upvoted !
First time i comment, i love your work, keep go on ;)