Bitshares does 2,000% and joins the 4 digit percent gain club in 2 months time
We see 5 beautiful waves up with an ABC still forming.
There are 5 subwaves in a zig zag forming and only 4 has formed thus far with the 5th almost finishing. We are also reaching the wave 4 zone of the primary wave up, which makes a strong support and possibly a buy zone.
Assuming leveling off around $0.45 region, we can target a 0.5 fib region of wave A down, Where T1 can be $0.70 and T2 $0.75.
Always be cautious, take high probability trades, plan entries and exits, stick to high reward low risk R:R setups. Good luck traders
Really appreciate the upvote and support on steemit.
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Please always remember we trade using probability and not all trades are winners. We manage our risk with stop losses and try to win over time. Those that don't understand this, and expect only to having winning trades, will always lose money over time.
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:
I'm not a financial adviser, nor am I giving you any tips on when to buy, sell, etc. I'm simply stating my opinions and what I personally look for. Those that follow my trades blindly and don't understand risk management, will always lose over time. I manage risk differently. Not all trades are winners. We manage our risk with stop losses and win over time. Even if we've entered at a similar price, I can micro manage my risk, by shedding, adding, reducing, etc, but those calls aren't made. Therefore despite entering near the same price, I may come out well ahead while you may take a loss, even if we exit at the same price when the market goes against my call. Remember, I always profit OVER TIME, and am not focused on winning every single trade. As long as we win more than we lose over time. I want to be very clear so you understand the outcomes will always be different even if we take the same trade. I MANAGE RISK and see this game as a probability. Therefore, be forewarned.
wow great analysis
Great post/vid very educational!
I learn so much, thanks for the great video.
your post came right along the BTC turning point... all is back up... soon we we call you our BitShares godess ;)
Thanks for this Phil - very much appreciated. Can i ask why you value BTS in USD when we can only buy it in BTC ?? I.e. no exchange trades the BTS/USD pair that i am aware of ??
Phil, so for example - you talk about setting a stop loss in USD - but that is impossible to do - can only be done in BTS - yet if BTC moves as it is this morning and BTS stands still the USD value goes up but the SATS could stand still (as they are at the moment). Trying to better understand your rationale for presenting in USD rather than BTS
Craig
very good analisys .. with realistic time for make patterns ...
congratulations
OH please those people predicting future from cards....
@philakonecrypto .... haejin projected 333 on this... do u agree ? :D