We find Support above 92K satoshi
Long Term Bias (6+ months) - Bullish
Medium Term Bias (Days to weeks) - Bullish
Short Term Bias (Today) - Neutral
Short Term Bias (Next few days) - Neutral to Bearish
Long Term Target Prediction - 597K Satoshi + by 2019
Firstly to correlate similarities to OmiseGo, we can see OMG form the same type of pattern, where it broke out to fairly exact 1:1 extension target 1, and 1:161.8 extension target 2.
We ask ourselves, can another chart that looks similar do the same?
This is a great 12:1 R:R setup with a potential for 200% gains as a long hold.
Extremely long term, it's not possible to predict fundamental changes, though from many charts, I've demonstrated that a 1:1 and 1:1.618 extension targets are very possible to hit. This is what I see.
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
Lesson 16 - Tutorial Part 16 - Advanced 55 EMA Strategy with Time Frames and MACD Part 2
Twitter - https://twitter.com/PhilakoneCrypto
Youtube - https://www.youtube.com/user/philakone1
If I've helped you, consider buying Luna and myself a beer
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.
Sweet. I like your initial comment. I use your content to validate my coins, but also learn to TrADE!!
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You have too much confidence in us. We will be in the next for more than a year haha.
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I think you have a typo in the long term predictions. $30,000 is a bit far-fetched. Otherwise, great content. Keep up the good work.
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haha that was for bitcoin. i forgot to change it
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Hey @PhilakoneCrypto I understand you’re entering the strat trade pretty soon. With BtC predicting to crash in a week doesn’t that affect your entry point? Since BTC pulls alts down
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He did not say Bitcoin will "crash" in a week. He said that the correction for Bitcoin will be done soon and likely make another touch in the upper 7k region.
If Bitcoin dips and drags stratis down, we'll simply have a WXY structure. The price will still reach the target; the time it takes will only be delayed a bit.
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I found out about Haejin from you recommendation and was watching his stuff while you took a break. But i have to admit i enjoy watching your videos in the crypto TA space. I'm no trader but i love elliot waves lol.
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Really happy to see you here!
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Feeling lucky I came across your channel before I went ahead and lost my initial $600 during January. Right now my $ are in BTC waiting to float up and are worth $540. Not too bad. Now to build on that this year. I want to become a full-time trader by end of 2018 and get out of poverty!
To put things in perspective, I'm unemployed, got about $1500 cash, 10K in assets, and $600 invested in trading, this is my year I'm going to make it happen! (oh and of course get a job which is hard at age 59 hence the interest in trading)
Keep the great tuts coming Phil and the cool vibe.
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Oh and buy you and luna lunch!
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Let's make things happen! Excited to have you here.
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Coins mentioned in post:
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Nice TA! Gonna monitor its movement and of course btc movement closely! Thanks again!
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