General Tone:
BTC simply cannot gain any traction. We see a possible break to $7,250 before hitting a major resistance, but if and only if we see a clear break above $6,900. Otherwise a break below $6,425 can signal a sell off to $6,000.
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
Thank you for your 35-hours of Youtube video's on technical charting; it is very helpful for a newcomer to this environment.
Your charts here are in a league of its own. One day ...
I hope your problems with your computers and trading accounts are sorted. Go well. Stay strong.
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gah, you just updated twitter, but I'm leaving this.
Glad to see a video, but not b/c of the analysis. (posting before watching)
I find myself in a completely different scenario, but similar in that I believe when things are rough in life & perhaps out of immediate control, the best thing you can do is focus on something you enjoy(a passion if you will). The time/distraction of it tends to ease the mind by forgetting those issues for awhile, and consequently bring your mind a bit back to center. It's furthering yourself after all, rather than being stagnant and letting the negatives infringe upon your happiness.
For me, learning trading is among a few things that seems to just make me forget all about a break up from my 9yr relationship. Everything just vanishes and all my focus goes into the market & improving myself in hopes I can one day make a living doing something I'm enjoying. By the end of my session my feelings are reset, and a more positive note is reached b/c I feel progressed rather than having spent that same time just dwelling on frustrations.
This situation has a similarity to when you learned trading. Remember the last hack, where pushing forward was all you wanted? Just as when you started trading, you had setbacks and frustrating losses, yet you kept pushing forward with the end goals in mind. Keep at that. (Not that you should lay down and not take any action if that's appropriate. Deal with that on the side esp if big money is at hand.) Too much talent for TA & teaching to not.
Stay driven mama whale.
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Thanks for the TA. Just wondering how you calculate the probabilities. You said a few months ago that you would eventually share with us. Still waiting hopefully. If you could direct us to where you got that information, that would be helpful.
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So glad that you are back! Sorry for all that you have been through as of late, and I truly hope you're doing okay!!! Thank you for the TA, it is always very much appreciated! Wishing you the best!
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Bear scenario..
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Welcome back. I have been waiting for you here. Twitter is not for me. How are you my friend?
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Wow the oss is back in the game.
plz crushhhh the enemys !! (y)
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Phil, thanks a lot for your TA! Really sorry to hear what's going on to you for the past few days. Hope you sort it out and much appreciate for you TA and view on BTC movement! You have a lot of love and appreciation from Croatia!!!!
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Good to hear that you sound like you're coping ok with all this shit. Hope the people responsible are made to be accountable. Thanks for this TA.
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Hey Phil, good to see you're back.
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Audio is baaaaad...can't hear anything
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Good to see you on Steemit again... Appreciate the content...
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"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"
These predictions are pretty reasonable; in my opinion, it will take a few months in order for some action to happen. But yes Bitcoin is pretty neutral right now. Nice Post.
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please throw the new microphone out the window, it's horrible quality :(
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welcome back ;-)
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Thank you Philakone!!!!! Can't believe all that crap has happened to you but I'm super happy you're back helping us!
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oh no...please don't stop your quirky jokes @philakonesteemit! You're still going to do crypto-oke intros right? Fibo-nacci song is my favourite!!
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Thank you Phil!
Makes me wonder IF BEARS will push down to: $4970, $2972, $1928, $1832 and $968
or if whales will buy in large and we skyrocket up! Major war going on right now!!!
I concur, stay aware of price action and possibilities.
Nice to see you back in the river of life!
(
)
Sunrise: Sandy Beach Park. Oahu, Hawaii
Cheers,
Darcy @fieldsofgold
I am a professional photographer, writer living in Hawaii.
Horses for everyone!
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Hey bro. I hope u r ok after those problems. With due respect id advise u a vpn for safety. Also, if u r getting too stressed some holidays n disconnecting a bit r always good for you. Your health and wellbeing is more importsnt than anything else. Cheers
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Glad to see you back and so sad to hear of all the crap happening to you. Many of us have missed your excellent TA and hope you find a way to keep delivering....but you need to take care of your situation first.
I was wondering if this could possibly be an ending 5th wave diagonal (blue triangle)?? If I remember my study correctly, it signals a significant trend reversal coming.
https://www.coinigy.com/s/i/5acd821419bde/
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TIMESTAMPS FOR CONTENT:
Introduction: Philakones FIRST appearance (Webcam all video long) with NEW set up
SOLID TA STARTS @ TIMESTAMP: 13:00 (minutes in)
Acknowledge Multiple Break Attempts to Get Above 200
Currently sandwitched between 55 and 200 EMA, Massive Sideways Trend (Tried to break above $6880 -6900)
Bullish (or Bull Trap) Count at Timestamp: 16:25
Need to break above 7200 with momentum and volume to turn bullish
Philakone's Elliot Wave Count at Timestamp: 19:07
Finished Elliot Wave Count: 27:12
Overall Tone of Market: 27:35
Bearish Count at Timestamp: 25:20
Test Key Area: $6425 Then if break down free fall towards $4250
*PLEASE Stay Extremely Cautious and Stick to Stop Loss IF Entering Trade (for many this is a no trade zone)
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