Correction Target - $4800-$5200
Correction Target Time Frame - Feb 18- Feb 24
Long Term Bias (6+ months) - Bullish
Medium Term Bias (Next Week) - Bearish
Short Term Bias (Today) - Neutral to Bearish
Long Term Target Prediction - Primary Wave 3, $35,000+ by 2019
Long Term Target Prediction - Primary Wave 5, $50,000+ by 2020
We've now completed this 4th wave subwave correction and now have 1 wave down to go.
This is the wave 4 correction we've recently completed, which bounced off the 382 fib level, and hit a major resistance we couldn't break.
This is an example of how the corrective wave 5 can look, with target $4800-$5200
Always be cautious, take high probability trades, plan entries and exits, stick to high reward low risk R:R setups. Good luck traders
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
Lesson 18 - Bitcoin BTC Feb 6 - BTC Update - Summary of ABCDE with live play.
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.
I have been following you for a while, and you are doing a great job by trying out different scenarios to offer us possibilities. By time everyone will realize TA is not really a prediction of feature but laying out all the possibilities that may happen depending on the possible outcomes. I hope you don't mind me telling you but sometimes i see you get frustrated by some people because of the ignorant comments they make. Stay positive man there are tons of people waiting you to tweet everyday. Keep your energy for the market and let haters be haters. Bear or bull market i wish you all the best
You're absolutely right. I'll be sure to incorporate alternative paths which is fair and makes sense. Very constructive and I respect that. Bless you
love your content. big fan on all channels. learning every day.
Wicked happy to see ya here
u da man was trying to sleep but i guess it'll be an all nighter
Haejin charts have been terrible. When in a bear market the real stars shine
Shortterm i ALWAYS consider your toughts. Long Term i need another Guru! Thank you Phil and Luna!
Always good to have the best worlds. Bless you.
gonna drop some upvote right here, you are rock man. thanks for the amazing education and trade analysis!
UPVOTED!
That would be a great shorting opportunity but more importantly I would be very happy if the bottom is finally in.
Thank you for your support and resteem of my overview. Highly appreciated.
Always! Thank you. I'll be sure to check my feeds more often. Thank you for your support.
I can finally upvote you on Steemit!
I have a question for you, how did you remove your emotions from trading? I wince at every single jump. Thanks to your teaching, I was able to analyse wave 4 play by play too but in the end I actually lost money because of my emotions... looking back at my screenshots I could have easily doubled my money. It's not about the profit, but I want to become more confident in my TA and remove emotion from the equation. Any advice on that front :)?
Thanks again!
risk management removes our emotions. looking back lets us learn from out mistakes.
Really appreciate your content! I've learned so much about TA and Elliot Waves from you. It's incredibly helpful. Much respect.
Upvoted your videos I've watched. The least thing I can do. Thank you always:)
Thank you My Lucky Chinese Charm !
Thanks mama whale. Haters are sometimes louder than supporters, doesnt mean there are more of them <3
Thanks for sharing all of your knowledge and for your guidance.
Thanks Daddy Whale!
The least I can do is upvote
@ philakonecrypto: I wanted to thank you for all the time you spend giving updates and sharing your knowledge and analysis with us. It really helps beginners like me not to do stupid things and to learn to trade with an open mind and most important with lots of fun. Hope you manage to sleep a couple of hours every day :D :D :D
I've been waiting for this correction to buy in cheap!
Having blogged I do know how much time an energy it takes - i really gotta say thanks and am so amazed at your energy. You could be a private chartist for a few whales for huge money and yet you do this on your own dime and time. Respect and blessings to you PS I would love to do what you do but just watching makes me tired LOL
Haha that's kind of you to say. Why charge when it can be free! Bless you.
I found you through a youtuber who calls himself Your Altcoins. He gave you a nice shout-out in one of his recent videos. Glad he did. ^_^
Thank you Ashley. I'm happy to see you hear.
<3
Thank you - excellent information and fun format as always. By the way I'm trying to teach my cat to meow the way you get Luna to bark at the start of your tutorials. If I'm successful I'll post it!!
LOLOLOL. Luna was taught very early. She's quite a nice dog.
Nice video! I like the detailed charting, thanks.
Regarding Cherry Coke: not sure of its availability up in Canada, but: I've switched from soda with HFCS (high fructose corn syrup), to soda that I put together myself. I use a SodaStream device, which has gas cartridges which we get recharged locally; and we buy syrups from Amazon etc, made with organic cane sugar.
I regularly make my own tastes -- we get a cola, a root beer, a raspberry, and a vanilla, so I often will have a raspberry coke, sometimes adding a splash of vanilla. I should see if there's a cherry syrup.
Yeah, I shouldn't be consuming sugar, I know. :) But, at least this way is a little healthier than what they put in Coke. (And they removed the ingredient that gave it its name! :) )
Interesting. I'll definitely have a look into it.
Brilliant Work, Phil ....
Perfect! Up Up Up
Thanks for sharing Daddy Whale Philakone~! ^^ Learnt more than just TA from your video.
Very valuable content. Your advice to prepare for both bull and bear scenarios is spot on. Keep up the good work and sharing. It is much appreciated
Keep up the good work dude, awesome TA.
thank you for all that you do. i waited 2 weeks for my steemit account to get approved so i could upvote you!! :D
Thanks again my fellow Canuck. Been making BANK in this bear trend thanks to you!
Unbelievable stuff! You are a true master analyst. I'm gonna watch every single one of your tutorials and learn as much as I can absorb. I am so happy I found you. I like you humor and appreciate all your hard work and time that you putting in for us. I am a newbie in the crypto world but I feel deep down that this is gonna be my best year ever. And now, after I found you I know it will. I couldn't ask for a better teacher. Since I dove into this phenomenally "crazy" (in a good way) world of crypto I sleep on an average 4h. I feel like on drugs and I can feel your energy and know exactly how you feel even without touching any drug. This crypto is so addictive. Thank you and Luna for everything you do.
Thank You buddy, you have taught me an immense amount while being ridiculously accurate. I only joined steemit to upvote you because you deserve it!
Thank you Philakone! Ive been involved in crypto for 6 months now. My main goal was to learn so I was able to know what I was doing and trust my own calls. Blindly paying and following someones signals does nothing for you but keep ignorant and dependent. I found you a little over a month ago and I'm so grateful. I've learned more from following you on Twitter and watching your first 3 tutorials than I have from everyone I followed put together since I started. Just want to say thank you. I appreciate every post you make.
I'll get a wife and make a daughter so I can give her to you!
Hi guys, I was checking out Philakone's tutorials on Moving Averages (which are awesome by the way) and wanted to try it on Bitfinex before realizing we now need to deposit $10,000 in order to use Bitfinex.
I don't have that kind of money, so I was wondering if you knew another exchange platform that allows us to CUSTOMIZE the Moving Averages values (the amount of candles used to make the average).
Thank you in advance for your help !
Hi,Wave 4 overlap wave 1 in this structure, how can it possible?
One shouldn't include the wicks when drawing the waves. I zoomed in quite a bit, then drew a horizontal line showing that the top of wave 1 wasn't penetrated by the bottom of wave 4, if you're using only the candles:
You might need to open the image in a separate tab, in order to see the horizontal line though -- it's a red line, only one pixel tall.
You could also draw waves 1 and 2 closer to the bottom of the chart, and then wave 3 would be a 5-wave impulse up to the same 3/4/5 you have, and they'd definitely not overlap.
Or you could draw (with either way of starting waves 1 and 2) the top of wave 3 to be the peak just before 5, with a short 4 and 5. Wave 3 tends to be the longest, but doesn't have to be -- it just can't be the shortest. So there are various ways to map it.
That said, 1, 3, and 5 tend to be composed of 5-wave impulses, where 2 and 4 tend to be composed of 3-wave retracements. So the way it's drawn initially seems to be most correct. I appreciate any pointers, I'm fairly new at this.
i see you're in Canada. Come on down to Seattle sometime and let me know. I've got two small dogs that Luna can hang with and a single and hot sister in law (Asian)that would love to meet you. I told her what a great person you are, so willing to help others. You don't find that often these days.
Thank you for your insight. You make a huge difference in the lives of many.
Thanks for the amazing education and trade analysis!
The amount of content you give sometimes feels TOO good to be true! Don't ever go away D: .
Thanks for sharing your knowledge!
Your content is the best Philakone.
@philakonecrypto Love your TAs. I have a question. Do you count this last leg up from 12.9 to 20k to be the 5th impulse wave or do you count it as an extended flat correction? It looks like an extended flat to me with I would appreciate your input. Thanks!