Impulse Wave has Official Failed
How do we spot a failed impulse wave?
Since we have officially failed this impulse wave, my first correction target will be the previous swing low, near $925. If this support does not hold, then we will revisit the $700-$750 range.
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 - 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
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.
Appreciate the update, learning a ton from you man.
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Thanks for your always well-thought-out and exhaustive posts and charts.
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pleasure to help! i have to do TA for myself anyways so sharing is caring.
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I love all the education you can get from the community! thanks for Sharing
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the pleasure is sincerely mine.
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Love all your insight as always! Can't wait for the next update!
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<3 your videos. Lots to learn.
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Great example on what to do in a failed EW. Indeed there are big lessons to learn in such scenarios and I look forward to the follow ups. You’ve also answered the common question in most people’s mind whether they should sell or hodl the coins as a investor versus a trader. Thumbs up!
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While I'm not happy about falling prices... I am happy with what I'm learning from you. Thank you. Keep it up!
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Feel good after watching your vid. Thanks brotha
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Great video but there is one thing that bothers me regarding TA that you might clarify.
I've been observing price movements and I'm pretty much sure that majority of trades are actually done by bots without forming organic supports and without organic growth. How can you be sure that TA will work in such cases where the whole market is being manipulated.
I'm a TA believer but I just don't see how it can be applied to the cryptos now after the bots took over the market.
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$932.21 @ coinbase 3:22 PM Thursday, February 01, 2018
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