General Tone:
Squeezing into a symmetric triangle.
A break down could target $820-$830
A break up could target $910-$920
Long Term Bias (6+ months) - Bullish
Medium Term Bias (Next Week) - Neutral
Short Term Bias (Today) - Neutral
Long Term Target Prediction (By 2019)- $2,850+
There are two great opportunities coming up for either bear or bull.
Here is the bull scenario:
Here is the bear scenario:
My Comprehensive List of Tutorials
Please consider upvoting if it has helped you
Please consider purchasing me a 33 ft' yacht
if you have reached incredible success
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, Shorting, 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 - Automatic Stop Sell/Buy Executions
Lesson 16 - Advanced 55 EMA Strategy with Time Frames and MACD Part 2
Lesson 17 - 6 Hours Live Trade Scalping. Growing $2,000 Account into $3,500
Lesson 18 - Bitcoin BTC Feb 6 - BTC Update - Summary of ABCDE with live play.
Lesson 19 - Elliot Wave Theory, Fibonnaci Retracement & Extension (Combined with Feb 11 BTC TA)
Lesson 20 - Advanced Elliot Wave WXY With Feb 11 Technical Analysis
Lesson 21 - Using Elliot Wave, Fibonacci, And Extensions To Obtain Targets (Combined witFeb 11 BTC TA)
Lesson 22 - Risk Management, Channels, Fib Retracement, Fib Extension. Summarizing Feb 11 BTC
Lesson 23 - Fibonacci extension, Fibonacci Retracement, Elliot Wave, Shorting, Playing Downtrend - Summarizing Feb 21 BTC + ETH
Lesson 24 - Customize RSI Alerts & Multiple Charts, Pro Features of Trading View
Twitter - https://twitter.com/PhilakoneCrypto
Youtube - https://www.youtube.com/user/philakone1
If you think I've helped you tremendously, donate crypto to my dog's tequila / vodka problem.
BTC: 3FYAk7kMXP21S2hFvr7GrANAEDwxknCjCS
NEO: ANNmGUDAoFZs52dEkckQoL1vw34sxiV4Ey
EOS: 0x4236637ec78f4a9a4627d52829a68cdc6eb292a7
Ethereum: 0x4236637ec78f4a9a4627d52829a68cdc6eb292a7
LTC: LPHXW5WGSSES6RkZ9VXQe76YdLPCUWH1Ev
Bitcoin Cash: 1MaR7nSeVTbu894Xf8gLTNK6xvKZ2hNpbx
XRP Address: rLW9gnQo7BQhU6igk5keqYnH3TVrCxGRzm / Wallet: 2640750089
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.
Thanks Phil. I'm am losing my life to your movies - and loving it ;)
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I see it like a bearish pennant that is going to break down:
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i'm definitely seeing more down too.
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Thanks for pointing ETH out. Love your tutorials. Besides the ascending and descending wedges, do other triangles get "thrown over"?
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The philakone we knew and loved is finally back
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love you too boo
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Next on my list :P Thank You and Welcome Back !
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Thanks for sharing with us...
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<3<3<3
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Incredible! Upvoted :)
After watching all of the lesson videos, I really think that this one should be one of them! It felt like a refresher video that covered Elliot Wave Theory, Support & Resistance, EMA's, Shorting, Triangles, Apex, Bulls vs Bears, Tweezer & Bearish engulfing candles! So great and educational, I highly recommend that EVERYONE watches this video!
Also, how does this post have 1500+ views and less than 100 Upvotes?! C'mon guys, show you appreciate his work!
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Really impressive how your teaching style is improving, it‘s absolutely wow!
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Yes! I'm spending lots of time to find out how to "teach." hehe. Caught me.
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Wow so much subcribers
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In the end , it all comes down to bitcoin. If bitcoin rises so will ETH.
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I missed you so much! Glad everything worked out for you last week. I can only imagine how tough it was. Thank you for all the insight and knowledge. From one teacher to another...
♥️♥️♥️ Glad to have you back ♥️♥️♥️
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I love this.
Resteemed!
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I am always confused between analyzing alts in BTC or USD paring... many perfer BTC and here its USD... How to know when to use what...
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Nice analysis. Price hit a stack of sell orders at $885 today and pulling back. However, we are making higher low. I anticipate price testing sell orders at $960 within the next 1-2 weeks. I'm bullish with my 1st target at $1200.
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Hi dad,
elliot moose is on the loose?
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welcome back Phil
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Glad you are back!
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