Bitcoin BTC - Feb 14 Technical Analysis - Evening Update - Battering Ram? Or Trap?

in #bitcoin7 years ago (edited)

General tone: We are ascending to $9K Range
We must break $9,074 with clear volume.
If we do, $9300 first target.
If we fail, support ranges $8,300 - $8,600
Long Term Bias (6+ months) - Bullish
Medium Term Bias (Next Week) - Neutral
Short Term Bias (Today) - Neutral
Long Term Target Prediction - Primary Wave 3, $35,000+ by 2019
Long Term Target Prediction - Primary Wave 5, $50,000+ by 2020

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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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awesome!

Thanks for the update! I'm gonna send you a lifetime supply of Cherry Coke when I become a killer whale one day...

i love... cherry coke. you remember. I LOVE YOUUU

ABCDE in your triangle (i have a wedge that supports the H&S neckline) but same rules apply. E wave to go....we shall see.

As always thanks for your update Phil. Hope you enjoyed your MacD last
night ;)

still confirming. lol. ketchup taking so long

Me Watching! thank you for the update =)

Nice information as always.

Appreciate the update as always! Thanks for your content.

I upvoted all your content. Thanks for everything you do Philakone

nice graph. Look to me BTC will be down to $8.3 or lower by this Friday...imo

Great work as usual, every video you post contains a little hint that make me progress on my studies on trading. Today it was "Assume always there is a parallel channel".

Back to us, at 4:21 you start counting an Elliott Wave kinda "out of nowhere".
Is that correct, or it is based on previous counting you had already done?

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