CAUTION - NO GENERAL DIRECTION - INDECISIVE MARKET - I SMELL FEAR
I see BTC Range bound hovering directly on the 55 EMa on 5 minute chart.
2 hour chart shows rejection with long wicks through the 55 EMA resistance.
The daily chart shows a beautiful hammer with volume closing in 1 hour that may signal a rally tomorrow.
Key support levels have not changed:
If we can hold above 11K, I would presume a short term bullish uptrend into the next day if the daily candle closes with a hammer.
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 - Tutorial Part 2 How to Analyze Candlesticks Charts with Strategy
Lesson 3- Let's learn Moving Averages
Lesson 4- Let's Learn Relative Strength Index RSI with Advanced Strategy
Lesson 5 Let's Learn MACD and Histogram
Lesson 6 Let's Learn Margin Trading Long, Short, Leveraging
Lesson 7 Let's Learn Basic Risk Management
Lesson 8 Let's Learn Fibonacci Retracement Part 1
Lesson 9 Let's Learn Fibonacci Extension Part 2
Lesson 10 Let's Learn Laddering
Lesson 11 Let's Learn Time Frames
Twitter - https://twitter.com/PhilakoneCrypto
https://www.youtube.com/user/philakone1
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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.
You're the best philakonecrypto, Love your BTC updates! New Favorite crypto analyst!
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w0000t
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Just started watching your videos yesterday. Used a couple of tips in todays trades so thanks! Really helpful stuff, top guy! 😀
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Do you think this is a possibility. I actually learnt waves from you and this is my cut of the analysis
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Love this analysis! Nice and simple and you use the same methods as me :) Simple S/R, simple chart patterns and fibonacci, simple risk/trade management. love it!
Following. Do you mind following back @cryptobroye?
It seems we both do things very similar but theres always more to learn :)
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I cannot remember how I stumbled upon your youtube channel the other day, but I am looking forward to following you for trade signals. It sounds like you have been doing well in this downtrend.
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