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?
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Thanks for all the hard work you put in for the crypto community by helping us to learn TA better
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Upvoted! Can you do a TA on BCH? Thanks.
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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
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no pain,no gain.
no panic, no gain.
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Thank you so much for taking the time to share this man! Much appreciated! Please do more videos showing some of your live trades :)
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Thanks, Phil. Can't express how grateful I am for your help.
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Appreciate everything you do for the crypto community, Phil.
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Thanks Philakone!!!1
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Nice work, thanks!
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Thank you for all you work and honesty towards us! :)
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Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://www.youtube.com/channel/UCeu9yMweVfTCftF9gvnuGeADownvoting a post can decrease pending rewards and make it less visible. Common reasons:
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A huge upvote from me !!! Thanks a bunch you've really made me a much better trader <3
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You called it on ETH!
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Stay strong everyone
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Upvoted. Thank you for your work!
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Thanks, well deserved upvote
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thanks mate
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Just done watching! Repeated twice..xD and of course UPVOTED!
Great sharing from you as always ;) Thumbs up!
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I love your free TA. TY
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Appreciate Your diligence. UPvoted!
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I couldn't sleep last night. Watching the market moving was insane. More action than the Battle of the Bastards.
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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!
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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.
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Thank you for all your hard work. xoxo
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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
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Nice work will watch
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2 weeks in time in the crypto market is like 5 years in the stock market. Near would be just from 1 perspective :/
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Wow glad I subscribed to your YouTube. I hope I can begin to understand all of the TA and charts.
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Can you verify the bottom Philakone? I have $7,916 also but haejin and tony vey say $7,600? Am i missing something?
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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.
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Thanks, take care.
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Upvoted !
First time i comment, i love your work, keep go on ;)
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