Bitcoin BTC Feb 22 - Technical Analysis Update - Major Resistance Ahead

in bitcoin •  7 years ago 


General - Many hurdles ahead to consider it an uptrend.
0.236 retracement of entire 5 waves would be considered very bullish, which is hard for me to believe
15 day uptrend, but 2 day correction raises questions.
Long Term Bias (6+ months) - Bullish
Medium Term Bias (Next Week) - Neutral
Short Term Bias (Today) - Neutral
Long Term Target Prediction - Primary Wave 3, $35,000+ by 2019


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Lesson 23 - Fibonacci extension, Fibonacci Retracement, Elliot Wave, Shorting, Playing Downtrend - Summarizing Feb 21 BTC + ETH

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Thank you for giving consistent up dates, Really appreciate it.

on point as always, get some rest!

If the next few days is long to you, then how is a quick video on BTC often 30+ mins?? LOL.

Nice video, quite informative!

upvoted

Hey Philakone, thanks a lot for all your great lessons and consistent efforts towards improving your followers trading. I have learnt immensely from you in the last 2 months. Kudos!

On the hourly charts of BTC, I have been verifying a slightly different count. On two occasions recently this count has worked.

Would be great if you can debunk it based on any unacceptable EW rulebreak.

btc_feb_uptrend_count_3.png

Edit: Feb 23, 00:00GMT. BTC bounced off the 9600 range after completing the WXY as you mentioned and it also successfully broke out of the downtrend channel @ around 10200. The theory am testing is verified once again, as in the count I have shown above the 618 region of wave 3 is right near the 9600 range. Maybe we are gonna see a wave 5 and not a new wave? We should know in a few days, as after 5 the retracement would be larger than what we would expect with the new wave. ?!

I love a romance!!!! She seems sweet and smart too :)))

You said sth.like i watched 20days live really smart guy. I checked youtube didnt find anyone can you give link to his channel or that video please?
And thx for all sharing i just started following you and you really talk a lot and fast so is hard to follow :D

thank you!!!

thank you!