The Next 25 hours will determine the next few weeks of BTC
BTC has been known to bounce off the 20 weekly EMA successfully for the past 2 years. We are now testing the 20 EMA again for a second time. We must successfully close the week with a more bullish candle than a bearish candle. Preferably a doji with a close over $11,750.
We see BTC form a new pattern, an ascending triangle, which it must break with volume and conviction to close the week successfully over $11,750.
Yesterday's volume was 9.6 billion versus today at 7.6 billion, with only 4 hours to go.
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
Twitter - https://twitter.com/PhilakoneCrypto
Youtube - https://www.youtube.com/user/philakone1
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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.
Great analysis.
I feel like we will bounce off of the MAs and proceed upward. This will bode well for the markets.
BTC to 20k!
I hope so too!
Please pay close attention to the next 24hrs because if you are a BTC HODLer is going to hurt. Please read my comments (Cryptolight) on his website. Good luck
Philakone,
I have to say you are GREAT!!!
People, if you want a REAL TA expert (in my eyes) you dont need to look any longer. He is right here. On spot all the time.
I thought I was going to watch him fall for a BULL Trap coming off a Dead Cat Bounce, but he caught it at the last moment. I wonder how many fell for it...
Keep up the great work brother.
P.S. Community, please upvote this man. He does a great service to many of us. In fact, we have become attached to his wonderful gift he so gracefully offers us for free....
BLESS
Domi
Your technical analysis is amazing. I have started learning it from your old videos and hope I would also be able to earn some money through trading. In Dec 2017 I started trading with $300 and reached $3500 using your videos. Unfortunately I am not in a position to donate anything as of now. I have total of 9 dogs and there expenses are huge. 8 out of 9 dogs are rescued one from road accidents and its very difficult for me to manage expenses as of now as I don't have any job.
So I can only say a big thank you as of now. In future If I am able to recover from financial crisis I would definitely donate in Luna's fund.
Thank you and keep up the good work.
Thanks for the content always a appreciated!
Thanks great post can you check plz on xvg
Hiya Philakone, I love the videos you make. I'm new to crypto and steemit, but I am learning :-) was wondering if you could make a TA video of Neo. Keep up the good work! :D
You absolutely right about them. Dude, thank you so much. Your videos really teach me a lot.
Great analysis....thanks for sharing your thoughts! Much appreciated all you do for teaching the community! We need more positive forces like you!
thx you for the analysis
I really appreciate your honesty here and your sincerity in your videos. I do think there are very few out there who can avoid being too greedy. At some point, people will want more, which then clouds their judgements. Your videos, I can support, and I agree with you that what you do is very different. You'll go a very long way doing what you do! Keep it up :D
good job!
Ok, off to go through your tutorials one by one. Thank you so so much, you the best!
<3
how to check the weekly or daily close left time
The daily always closes at midnight UTC. Weekly closes Sunday midnight UTC always.
I feel Boxmining does provide good value to the crypto community with his work and was also warning people about Bitconnect possibly being a Ponzi just like some other decent crypto youtuber with integrity. But the other three definitely guilty. 100%
FIIIIIIIIIIIIIIIIIIIIIBONACCI. I ENJOY WATCHING YOUR VIDEOS MAN. KEEP UP THE GOOD WORK.
I agree. Michael is awesome. Though that genesis mining thing was questionable to me.
Great review P!
By the way your rampage on schills was epic. Learning how to fish one day at a time with your help since Nov 2017
Phil, first comment. wanted to let you know how much I appreciate you sharing your knowledge. Have some cash on sidelines but keeping it tethers concerns me. Do you use tether, or do you always cash to fiat?
Hi! I do trade against tether. I think it comes down to believing the fud or not. I've come to accept that I may lose it all, so I only keep what I'm willing to lose now.
Thanks for responding. willing to lose it and actually losing it we often find out are not the same thing 😂😂😂. I know you get what I mean - theory meet reality. I only day trade a little, the rest Ihold longer term. Your caution on your twitter feed is spot on. With the bit I day trade I tried to learn and you have helped so much. In fact, this time once we get confirmation instead of going into alts I might go into BTC.
Great video Phil! Your loyal fan from Vancouver.
Gastown! love it
we appreciate your moral code.
I am extremely positive on Bitcoin and believe that it will definitely break the resistance and enter bull market.
I love you
Karma is still fully functional, you can trust that to a 100%
Upvoted here and youtube. I'll post the same comment here that I did on youtube because I severely want your response on this if possible:
Phil have you looked at the BTC shorts? Over the last 3 days over 10,000 shorts have been opened. Do you think this is indictive of the bigger players accumulating for a bear market, or is this speculative shorts due to all the bad news?
This number jumped from 8200 to 18700 in 3 days. would love your thoughts on this...
Uh oh, I saw a shooting star candle on 1H chart, guess we're not breaking out anytime soon.
Thank you so so much, I learn something new in every video.
Looking forward to see the tutorials from the different types of Elliott Waves corrections.
Thank you for this clear analysis. Being patient is not my best skill. But overall I'm doing fine. It helps a lot to listen to your videos to stay positive and having the feeling you are not the only person that is trapped in this current situation. I truly believe this bear market will pass soon and we will revisit the earlier highs. Keep up the good work!
Keep up the great work! Its so nice that you take the time to explain things in such a fantastic way!
just found you on youtube and now on steemit and following. i really love your thinking and mentality so fresh to see, great advice, many thanks man
Hey Phil so volume still lot lower than yesterday, so even it it closes above is that enough for you to feel conviction in bullish direction. I am still trying to understand how much weight is given to volume when looking at $close. Thank you
Philakone,
I am totally with you and I wish I met your parents to learn how to raise child like you =)
Keep up the good work! I am following every step of your way!
Hey Phil, I just discovered you yesterday when CryptoCoinNewz dropped your name in one of his videos. Dude! You're exactly what I've been looking for! I love how objective you are and you don't seem to have an ulterior motive. I will totally participate on your Steemit. You can return the favor and give me a follow! Thanks again and keep it up!
Thanks Philakone,
you are the best TA Teacher in the web!!!
Hope to learn more from you!
Greetings from Berlin
Great video once more. I hope many people see your videos because they are very instructive. I always recommend following you to all my friends.
Mr. Fibonucci I just wanna point out, that Bitconnect was actually a lending platform, rather than cloudmining company, but otherwise you are right about everything. Also thank you so much for your transparency, honesty and for what you are doing for us. It is appreciated.
Love the rant!!! You don't have to hold back! lol
Thank you for being the voice that we all need in Crypto!