CRITICAL SUPPORT REACHED
We see BTC reach a critical support, where a bounce will happen and bulls will profit, or we break through support and bears will profit. Either way, bulls and bears always make money and we know the pigs get slaughtered.
Two plays. Bears and Bulls always profit.
Here is my play for a short term bounce for the bulls.
Here is my play for the bears if the support doesn't hold.
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.
Thanks so much for your passionate and meticulous updates! Your insight is extremely helpful to people like me who might be holding (or looking to buy) but lack that crucial keen sense and intuition that comes from years of experience. To quote a movie if I may... I like your style, dude!
Thanks for the analysis, always enjoy your videos. Could you do a follow up on your VEN video.
Awesome!!! I will be upvoting regularly! Thanks!
Really interesting analysis, thanks a lot !!!
$1.71 in up votes ??? Come on guys Kone deserves at least double that just for the comedy.
It takes true skill and artisanship to analyze BTC! Keep it up! Thank you!
Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://www.youtube.com/channel/UCeu9yMweVfTCftF9gvnuGeAUseful information. I will follow you. And always be careful
Thanks for the updates!
PS. Laundry is over-washed at your place :P
haha it's not laundry. I have a central fan system that I like to keep on for the white noise.
Thanks for the regular updates <3
Thanks again for the useful update! Am I the only one who gets excited when I see a Twitter notification from Philakone?!
Thanks. Would you please also comment on ETH/BTC? Based on wave theory, what's the projection on when we should sell some ETH for BTC?