ETHEREUM Consolidations, But Long Term Target Stands @ $1750. I will STRONGLY Emphasize the correction would take a while
We see wave 3 hitting between 261.8 and 361.8 extensions. Therefore we can assume a 5th wave can achieve between the next fib extension targets of 361.8 and 423.6.
We can see the impulse wave 3-4-5 and A-B-C possibly form a head and shoulder pattern. It is important to make note when C ends as an impulse can be attempted.
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 Quick Intro to Analyzing Level 2
Lesson 11 Introduction to Laddering
Twitter - https://twitter.com/PhilakoneCrypto
https://www.youtube.com/user/philakone1
If you enjoyed this video, please like, subscribe, follow, share, upvote, or donate to Luna!
Luna's personal bitfinex account:
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.
Hey Phil, Looking at the graphs over the last couple of days and your recent analysis - if BTC fails to break $12.4 and drops back - then as ETH seems to be in lockstep it will also drop back to around the $800 mark - does this then "hasten" your correction scenario and hence bring forward the time for last wave 5 - or will it invalidated this analysis and back to the drawing boards ?? (Still learning EW at the moment)
Craig
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hallo Philakone,
I like your style of TA .
I am also interested in an update of the following coins: OMG, EOS, Stratis, Qtum, XRP, Bitshares, Cardano.
Do you think we could enter a longterm bear market (>1-2Years )after the End of the Cycle for Bitcoin and the End of the Fifth Waves of a lot of Alts.
Thank you
Wish you tons of Profits!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Excellent content as always - matches my thoughts exactly. I love Eth but might have to get out for the time being.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Again, thanks for your guidance!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Wonderful analysis and teaching, I did not know you but that's really good advice you're giving. Upvoted & following.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit