Correction Time?
Five waves have formed. We take fibonacci retracement of all 5 waves to get a possible support using price action, previous supports and resistances, and trend lines. We see a major trend line support, followed by support levels between 36K and 53K satoshi.
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.
This is great info, thanks for sharing bud! If you look at this picture for a long run then i suppose selling at this rate is not advisable. Lot of partnership coming up and with the launch of Thor i would say this will 10x by 2019.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
After a huge breakout like that its definitely reasonable to expect a bit of correction. But this overall seems like a strong uptrend. a spike in price followed by minor correction over and over again.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Comfortably my best performer over last month, and was thinking it was probably time to sell before correction - thanks for giving me that bit of confirmation I needed.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
you are amazing
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit