Support Trend Line Holds, but Daily Bearish Engulfing is of Concern
We see this ascending triangle holding after readjusting our trend line supports. My entry holds once confirmation between the 8200 - 8685 satoshi range. I will NOT enter any position unless confirmation of clear resistance break occurs.
Please be sure to make note of the bearish scenario as we see a bearish engulfing candle on the daily.
Always be cautious, take high probability trades, plan entries and exits, stick to high reward low risk R:R setups. Good luck traders
Please consider these videos:
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
Twitter - https://twitter.com/PhilakoneCrypto
Youtube - https://www.youtube.com/user/philakone1
If you enjoyed this video, please like, subscribe, follow, share, upvote, or donate to Luna!
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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.
hey so nice I really like your post! Thanks for it! I actually wrote my 2nd part of my introduceyouself and I write about that I went to jail because of cryptos... lets make steemit together to a better place with our content! I would like to read a bit more about you and maybe do you have some more pictures? Maybe you upvote me and follow me swell as I do? https://steemit.com/counterfeit/@mykarma/2-jail-review-counterfeit-euro-speeeeending-time
sounds great and thank you for the support.
FOMO pushed me into the Bitcoin pool at the deep end in Mid December, as the days went on I felt like I was going down for the 3rd time. Then I found a Life Guard at your youtube channel, joined Steemit, and started your course. Now I am beginning to see how to make wise trades and what all those lines mean. Great job, you are giving me the tools to dig out of a terrible financial mess giving me hope once again. I appreciate your dedication, and kindness for those of us who are currently financially challenged. May this be a wonderful trading year for you, thanks for the guidance.
watched your videos for the past few weeks now. Extremely happy with your content and passion, and knowledge. Its hard starting crypto without know where to look or how to trade, your videos help a lot.
Happy to hear that. I hope it's been helping much.
Great analysis as always. I also posted an analysis on ICX. Please check it out. https://steemit.com/cryptocurrency/@gailus/icx-correction-is-over
Would be nice to get some upvotes :-)
:-)
Thank you very much for your work, I hope I'll get even near to your level one day and enjoy trading when I learned it properly, still a long way to go though.
do you ever trade eth pairs or just stick with btc?
just usd :)
love your work:)
What is going on with ENG? Are you taking a position?
Now that you mentioned it, why is every Asian EW Analyst so dirty?
Philakone- just the tip
Eric Choe- double penetration
Haejin- Orgastic lunges
Philakone,
I will continue to support you and your work of art.
Domi (Cryptolight)
Hey buddy, I enjoy your technical analysis. I followed your analysis for XLM yesterday and it was very positive. Thanks
On a different note, I can see that you use Binance, but it is not the original website, may I ask what is the software that you use and how you connect it to Binance?
I am lost without your TA!
Thank you