ETH ETHEREUM November 22 RISKY SHORT TWO SETUPS

in #bitcoin7 years ago (edited)

Nov 23 6PM UPDATE - Case 1 target is aquired. T1 was $403. We're at $405. The case 1 conservative short target achieved. Congrats that entered between 415-440. Wasn't a huge profit, but nevertheless, success.

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Please always remember we trade using probability and not all trades are winners. We manage our risk with stop losses and try to win over time. Those that don't understand this, and expect only to having winning trades, will always lose money over time.

Twitter - https://twitter.com/PhilakoneCrypto
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:

I'm not a financial adviser, nor am I giving you any tips on when to buy, sell, etc. I'm simply stating my opinions and what I personally look for. Those that follow my trades blindly and don't understand risk management, will always lose over time. I manage risk differently. Not all trades are winners. We manage our risk with stop losses and win over time. Even if we've entered at a similar price, I can micro manage my risk, by shedding, adding, reducing, etc, but those calls aren't made. Therefore despite entering near the same price, I may come out well ahead while you may take a loss, even if we exit at the same price when the market goes against my call. Remember, I always profit OVER TIME, and am not focused on winning every single trade. As long as we win more than we lose over time. I want to be very clear so you understand the outcomes will always be different even if we take the same trade. I MANAGE RISK and see this game as a probability. Therefore, be forewarned.

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Dude, that was an amazing free style!!! So awesome!!! And your TA is amazing also. You are one smart dude and inspired me to learn TA and watching your videos is a great tutorial and helps me learn a ton! Just wanted to say thanks!

really glad it has helped you.

Nov 23 6PM UPDATE - Case 1 target is aquired. T1 was $403. We're at $405. The case 1 conservative short target achieved. Congrats that entered between 415-440. Wasn't a huge profit, but nevertheless, success.

Thanks for all the great analysis. I had never heard of Elliot Wave before I randomly found a video of yours a while back. I hit the books pretty hard and have been watching/reading everything I can about it. I just created this account to start sharing some of my analysis and would appreciate the Fibonacci god to take a look at some of the charts I post and give some feedback. Take care!

Omg I am laughing so hard and you haven't even said a word about Ethereum yet, LOLOL...