Bitcoin BTC - Feb 7 Morning Update - Target Stands $8,900-$9,150

in #bitcoin6 years ago (edited)

The daily target is $8,900-$9,150
Long Term Bias (6+ months) - Bullish
Medium Term Bias (Next Week) - Bearish
Short Term Bias (Today) - Neutral to Bullish
Long Term Target Prediction - Primary Wave 3, $35,000+ by 2019
Long Term Target Prediction - Primary Wave 5, $50,000+ by 2020

I believe we are in an ABC correction of the larger trend and a correction is still underway between $4,500 - $5,500, that will begin once these targets are hit first, within a few days to a week it can begin. An extremely detailed technical analysis for that bearish scenario will be released within 24 hours.

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 - 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

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.

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I'm going to watch all your tutorials. Thanks for the great content.

its addicting that is for sure.

Yea sure is. Its a shame I'm in the red at the moment after the down turn. Just waiting for the market to pick up and then sell some of my coins to trade with.

Dude, I'm learning SO much from you...thank you! I'm starting to chart on my own now and cross referencing it to your updates to see how close or far off I am. You're teaching peeps to fish bro!

How does someone possibly go to sleep at 3am and wakes up fresh at 6am!!!
Where do I apply for the superhuman programme bro??

Sleep is about cycles, every person is different:

Hey PK, just to say Thank you.
been following you silently since last quarter of 2017..then you went AWOL.... OOOh mien was lost for a while. looked for alternative mentor until , thank God you came back to us.
presently practicing what I learnt from you tutorial series.

regards to Luna..keep it up bro
baby whale ...LOL

I didn't knew you were on steemit.
I love to watch your videos on youtube!
Awesome! Followed!

I've been watching your videos from a quiet corner and have been really enjoying them. I sincerely appreciate your integrity. I just created a steemit account, so I could upvote you... every bit counts, right?

I'm still really new to crypto, but I'm starting to connect the dots and I'm looking forward to learning more from your tutorials. Thanks for your passion and generosity with your knowledge! :)

Thanks Phil I am always amazed at how much we have in common. Your thoughts on crypto and blockchain are spot on. I have the same gut feeling and know in my very soul that this is just the beginning of an unbelievable revolution into the future. I am retired now buy I was a manufacturing engineer with a background in statistics. I even worked for a Canadian company called Celestica and was a Six Sigma Master Blackbelt. When you said there is no I in crypto currency I almost feel off my chair laughing. Thanks again Phil !!!!! I hope you got a chance to read the report published by the SEC yesterday it the first time I've been proud to be an American in a long time its was beautiful. Please read it if you can so good............ say hi to Luna!

Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://www.youtube.com/channel/UCeu9yMweVfTCftF9gvnuGeA

upvoted heem added some tools to my ta game

I love love love love watching and learning from you. Thank you so much for sharing your knowledge and help. 💕😁👍 I think im addicted.

This part confuses me:

"I believe we are in an ABC correction of the larger trend and a correction is still underway between $4,500 - $5,500" If you are short term and long term bullish, then you're suggesting it corrects after it hits 9k?

This question can easily be answer by reading. An important skill is to be thorough.

So the answer is yes. Thanks....

short term = today. long term = later this year. medium term = next few weeks after we meet the 9k ish target

Thanks for the update! I'm more like a sardine than a baby whale but with your tutorials and updates maybe one day i'll get that baby whale status :)

Thank you like always.

I've seriously learned more in these last few days from your Twitter updates, Steemit blogs, and YouTube videos than any other source I've used in the past 4 months. Thanks for making things easy for your baby whale army to understand. I hope I can become a killer whale like you one day.

thanks so much for your great work, really grateful for this thorough and generous approach ! calling Elliot waves has always been tricky for me, this is very helpful. Elliot Wave is the bomb! so are you..new follower. :-)

You are just awesome. Thank you for your time and TA lessons

hey Phil! Ever since i subscribed to your channel, I have actually started making money with my trades which almost never used to happen LOL. M also learning a LOT of stuff from your you-tube channel. I think you have a great deal of valuable knowledge in this field and fact that you sharing it with the community for free is super awesome.. you have a really pleasant and fun personality and i think you will go a long way.
PS: Will contribute to Luna's piggy bank so she can sustain her drinking problem. We wouldn't want her to run out of Vodka ;)
Stay awesome... N thanks for all you do!

Thank you soooo much for the updates and for the fun too, @philakonecrypto :)
A brand new baby whale ^^

@philakonecrypto Great info :) J Lawrence...thumbs up hehe. You have yourself a new follower :D Steem on.

I've lost it all :-(((((

You're my crypto mentor!!! Watched all of your video!

Your the best Philio. Giving us training material and teaching us everyday how to trade like Pros. U could be selling this material for ridiculous amounts of money but u share it here for FREE. Thank You!

Love your videos phil. Your cryptocraze makes me happy.
/Hasse

great content! Been following you for a while, and i appreciate the info

Question: Is there a better exchange alternative for US residents to use?
I've been using GDAX/coinbase for btc and eth... and for shitcoins I've been using Binance. I don't care for GDAX, and I notice their price always lags BITFINEX a bit, and BITFINEX doesn't take US clients as of November. Any recommendations would be much appreciated. Thanks, Philakonecryoto!

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You are the man!

Thanks on this

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