Tutorial 8 gives a basic explanation on how I use fibonacci extensions
Please enjoy my other tutorials on youtube in the playlist.
Tutorial Part 1 - How to customize and set up Bitfinex
Tutorial Part 2 - How to Analyze Candlesticks Charts with Strategy
Tutorial Part 3 - How to Use Moving Average with Strategy
Tutorial Part 4 - Let's Learn Relative Strength Index RSI with Advanced Strategy
Tutorial Part 5 - Let's Learn MACD and Histogram
Tutorial Part 6 -Let's Learn Margin Trading - Bitfinex Trading Crypto - Long, Short, Leveraging
Tutorial Part 7 - Let's Learn Basic Risk Management
Tutorial Part 8 - Let's Learn Fibonacci Retracement Part 1
https://www.youtube.com/playlist?list=PL5brTFluwn1nV0uuSZQtEIKjdb1wuzr0s
If you enjoyed this video, please like, subscribe, follow, share, upvote, on YouTube, Twitter, Steemit. If you specially liked it, please donate Tequila to Luna's cryptocurrency fund.
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.
Twitter - https://twitter.com/PhilakoneCrypto
https://www.youtube.com/user/philakone1
Luna's personal bitfinex account:
Dash: XrcdPdXdDnRgG4kjXqUd2cXKZKSUVUsvu9
Ethereum: 0x2538b728f9682fc1dc2e7db8129730f661753850
Bitcoin Cash: 1AY2FPANCe5URB71Nvy6tkCgoTS8iHgmZD
BTC address: 1PruhmsYXU2gPkNw574xZSMyBG4YW5Wnq9
EOS Address: 0x2538b728f9682fc1dc2e7db8129730f661753850
ETP Address : MTR3P7m5KwHfE1aY51ha2YAQWQhRMPm1VA
OMG Address: 0x2538b728f9682fc1dc2e7db8129730f661753850
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.
I just stopped losing my money, thanks to you. I hope to get my investment back soon to start earning lol
you are THE BEST!
This is truly magical... I hope it has nothing to do with the frequencies of quantum physics otherwise my mind is completely blown!!
Yeah Philakone is MAGIC!
another day and another video watching on my way to becoming a better trader. Glad you mentioned identifying Waves for new people take time because I was wondering that- couldnt Wave 1 actually be Wave 3 etc? Will be rewatching this one several times but MUCH APPRECIATION for all these videos as have already learned so much
Another solid lesson. Thanks for being such a thorough teacher. much respect brotha!
So helpful topic and great presentation. Thanks!
Identifying wave 1 and 2 seems hardest part here for me.
And I mean how do we know that a wave 3, a wave 4, and a wave 5 would show up following anything that looks like a wave 1 and 2.
I've watched your previous videos on indicators and stuff and found them really educating....but the fibonacci videos?!!?!!!! Man I think I fell in love with TA. Thank you for opening my eyes and mind. I really do mean it.
Thank you!!!!
OMG.. This video is the BEST$$$$$
this is extremely crucial for profiting. along with fib retracement. thanks phil! youre the best
I am blown by the accuracy comes with this tool. Thanks a ton sir.
I have 1 DOUBT.
if say both wave 2 and wave 4 doesn't retrace much (only .236 or .382), what retracement can we expect after completion of wave 5 then??