FEB 2ND UPDATE - CONGRATULATIONS EVERYONE. WE HIT $768, $2 OFF TARGET
Correction Target - $720-$770.
Correction Time Frame - 7-16 days
Long Term Bias (6+ months) - Bullish
Medium Term Bias (1-2 weeks) - Bearish
Short Term Bias (Today) - Bearish
Long Term Target Prediction - $1,750+ by September
This is my rough wave count, with varying targets of subwaves, but the main correction target stands. We target a high activity and price action region with strong volume, and in this case is near the 0.5 fib region of the entire primary wave [1].
Here is an alternate count assuming a possibility of ABCDE within A-B 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
Twitter - https://twitter.com/PhilakoneCrypto
Youtube - https://www.youtube.com/user/philakone1
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.
I guess the bears have come :/
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in a big way i hope i'm wrong :)
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hhahahahahahahahahahahaha! im just trying to play this game long term and learn stealthier ways to profit as the bull matures.
i do hope you're wrong.
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Waiting for the dip around 720 !!!! to buy :-)
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Great work as always! Here is my upvote! Hope it helps :)
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thank you for the support!
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Thanks! In your alternate count chart above with ABCDE path, I’m often having difficulty to tell if the DE is just a 12 of a 12345 downward of C in the first chart. Is there a way to confirm either way? At which point we can assume either way is true at the earliest?
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Count the subwaves. If "DE" has 3 subwaves within each leg it is a ABCDE. If "DE" has 5 subwaves within each leg, then DE should be counted as 12.
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How is it confirmed if something is an ABCDE correction or a WXY/WXYZ correction?
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counting waves precisely.
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Looks like a channel if you draw parallel lines from AC and B1 (1st draw.). Although that would be highly optimistic to suppose support there.
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Do not worry whether a crypto goes up or down learn to ride it like a cork does a wave.
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Hey Phil, you rock! xx Mayweather
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Hey phil. Love your content. I'm always looking forward to it on steemit. Give me a follow please. It'd mean a lot :)
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thank you!
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Thanks for your insight! I enjoy your videos and always upvote you :) Can you look at XRP & BCH
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Let's go bear! Finally got a steemit account so that I can up vote. 555
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Yo Phil, the most amazing and in-depth TA I've seen. You put in the work and the results are obvious. Indispensable part of the community.
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my pleasure to help always
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Thanks for all your work and advice! You have really taught me a lot!
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always happy to see your comments and really happy to help.
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Great video as always! Waiting for $770 ☺️ Would it be unwise to use BTC to buy ETH at that price? My blonde brain can't work out if BTC value wise if it work out a loss if I bought ETH with BTC....how do I work out if it's ok to use the BTC I already hold?? I have no spare fiat. Thanks!
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How did it work out Ms. Michelles? BAM!! GIVE ME A BAMMM
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Hey Phil~ Your super fans from all the way from Malaysia here!
You couldn't imagine how much I appreciate each of your sharing/TA. I wish I could upvote 100 times for each of them! Glad to have you in crypto community~ Take care!
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keep up the good work man!
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Great data, as always !
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