Bitcoin BTC Feb 19 Evening Update - Technical Analysis Where is the Top?

in #bitcoin7 years ago (edited)

General Tone: Reaching Resistances
Resistance Points - $11,750.
Long Term Bias (6+ months) - Bullish
Medium Term Bias (Next Week) - Neutral
Short Term Bias (Today) - Bullish
Long Term Target Prediction - Primary Wave 3, $35,000+ by 2019
Long Term Target Prediction - Primary Wave 5, $50,000+ by 2020


My Comprehensive List of Tutorials
Please consider upvoting if it has helped you
Please consider purchasing me a 33 ft' yacht
if you have reached incredible success

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, Shorting, 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.
Lesson 19 - Elliot Wave Theory, Fibonnaci Retracement & Extension (Combined with Feb 11 BTC TA)
Lesson 20 - Advanced Elliot Wave WXY With Feb 11 Technical Analysis
Lesson 21 - Using Elliot Wave, Fibonacci, And Extensions To Obtain Targets (Combined witFeb 11 BTC TA)
Lesson 22 - Risk Management, Channels, Fib Retracement, Fib Extension. Summarizing Feb 11 BTC

Twitter - https://twitter.com/PhilakoneCrypto
Youtube - https://www.youtube.com/user/philakone1

Please see the detailed charts with blog and bias, where I'd also appreciate your support with an upvote. If you think I've helped you tremendously, donate crypto to my dog's tequila / vodka problem

BTC: 1PruhmsYXU2gPkNw574xZSMyBG4YW5Wnq9
NEO: AaZu8fiiMW3vnizUaSkRj6JoobswkeCKPQ
EOS: 0x2538b728f9682fc1dc2e7db8129730f661753850
Ethereum: 0x2538b728f9682fc1dc2e7db8129730f661753850
LTC: LPeaZpGiF3XdCw5XPN7LXztDagTEZAMgYd
Bitcoin Cash: 1AY2FPANCe5URB71Nvy6tkCgoTS8iHgmZD
XRP Address: rLW9gnQo7BQhU6igk5keqYnH3TVrCxGRzm / Wallet: 4110054236

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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Hey Phil , ( I know your yeild strength is way high for haters to bend you :)

Just wanted to thank you for all the hard work, dont let the haters get to you and know that we support you so much. I'd rather have a few real friends than a million fake friends anyday. Its really sad the world has so much hatred for everyone. But the great part is the majority is still full of amazing and nice people. so lets keep :) and make money. Here's a steem to you as a thank you.

I'm sad to see how your attitude has changed recently: "I don't care if you lose money, all I care about is if I make money". I'm a big fan and have learnt a lot from you, and made some great trades off that, but I think you've let the haters get to you too much.

The fact is: TA gets a bad rap, so do you by extension. I've seen the hate you get on Reddit, and it's a perfect example of crypto-sheep wanting to put on the blinders and hate anyone who doesn't yell MOON. In the end just remember this:

You have followers like me, who have watched your stuff silently for ages. We've watched your tutorials and learnt a lot. We've made bad trades & good trades, but still appreciate it. We are the folks that, if you want to help people & give people attention, that you should focus on. Don't let your hate & cynicism, produced by naysayers, whiners and haters, poison your attitude towards us.

I think you are taking that statement out of context- he said,"If you are going to call me out on social media blaming me that you followed my calls and you lost money, I don't care of you lose money." And, honestly, I agree with him. But its because so many of the Millennials are used to having everything handed to them- even the price of BTC, which is like asking someone to tell the future! Do your research, get informed, and make a decision based on ALL the info. No one is going to hand you free money- and people need to stop expecting it. Its just ridiculous IMO.

Yes, he said exactly that "If you are going to call me out on social media blaming me that you followed my calls and you lost money, I don't care if you lose money."
People need to stop blaming others for their own doing. NO one is putting a gun on their head making them do anything.

Seriously super appreciate your TA. Know exactly what you mean about how frustrating it is when people dis you because your predictions were off. I myself lost some money because of them but wouldn't for a second think of criticizing you.
I have the deepest respect for people who provide such high quality content FOR FREE, I'm learning insane amounts from you and look forward to learning more.

Thanks so much and don't let the haters bring you down, keep it up!

As usual upvoted!

Everyone give this man an upvote. It's so easy and the best way to show our appreciation!

Phil, keep up the great work. Haejin is a mentor of mine and has helped me greatly. Really enjoy your material as well. Forget the haters, people who don't work and want results are losers and negative. Keep your chin up champ!

I agree. Give this man the upmost love by at least up-voting his content! He truly is passionate and cares for us. The teacher I wish I had growing up.

Don't pay attention to criticism too much. I use your TA to learn and also get an idea of the general direction of Bitcoin and thus the possible direction of other alts. People using another persons TA to day trade are just putting their money in someone else's hands and that is their choice, if they lose their money its their own fault.

Hello Phil, you have been working overtime. The vast number of the community really values your work. I think when you take a step back you will come up with a good balance between helping the community while not putting too much stress on yourself. Just know at a minimum you have one person who upvotes all your stuff on steemit. Stay Strong my friend.

You have my upvote!! Thank You!!!

Kindness is the plasma energy that a human returns automatically and food is the biggest gift via knowledge ofcourse, food for thought is the first course on the menu of life

I know you think nobody is watching who can empathize, but we're here. So sorry you're dealing with this crap - so many people appreciate you. I've got 200k+ followers myself between social media and have been dealing with it for years.

I say that in direct response for your video, and I'd be more than happy to help in any way that I can to say thank you (which I know would be more meaningful to YOU than a BTC donation) - if you want to chat, just let me know!

<3 Thank you Chelsea. Always love to see your comments and advice.

You'll always get up votes from me brother. Stay strong

Please don't get frustrated, we need you! Those of us who are willing to put in the hard work, read the books, watch hours of tutorials with our laptops open to tradingview while constantly pausing to try to recreate your teachings. We need you! Fuck the haters! Drunk frat boys who thought buying $500 worth of Bitcoin would have netted them a Lambo by now. They will always lose. Those of us who are willing to work hard, and understand your mission are here to learn how to win! Thank you for everything! Don't stop!

First I want to thank you for what you are doing for the crypto space. You put more good content out than anyone else in the space, and we all are in debt to you for that.

I have become addicted to consuming as much info on crypto as possible. You, Haejin, Sam, Eric, and many more all do a great service to this community and don’t let a few rude haters speak for the many that are truly appreciative.

I am fairly new to this space and have a couple questions. If they have already been answered prior (sorry) please point me to that information.

I am a US citizens and can no longer have a bitfinex account. What is my best option? I currently have a GDAX account and a Binance account and frustrated with the lack of TA I can do on those platforms. I know Sam (TradeDevil) uses bitstamp some and it looks better than what I’m use to using. I would like to use a platform that I can short, margin, better ta. Whats your recommendation if Bitfinex is not a option?

Next question is what is the best choice for sending you money? I don’t want it all to go to fees. Whats the best current choice and what % do you get? Also will lightning network fix this? I have also heard Segwit will dramatically reduce training fees is this true. I can’t do little in and outs like you do because a lot of times the fees makes the risk reward one I don’t want to entertain.

Last question is about steemit, and I think a lot of newbies are in the same boot.

On Steemit I do upvote but I have heard Haejin talk about steam power. Is this where you buy steam and if you upvote do you get some of that money? Sorry this is probably a stupid question but until the last little bit I had never heard of steemit.

I know you are not in this for the money but everyone want to feel appreciated so what is the most efficient way monetarily to show you that appreciation? Steem or Crypto

Thanks

You can google most of these questions- Tradingview is a free option to chart or you can pay for coinigy, which is also good- you can get a 30 day free trial.

I’ve tried, will try more

I’ll check tradingview just noticed they have app for phone that will b helpful

Do u know what exchange will let you short?

Besides bitfinex what’s next best option?

Thanks

Thank you for everything. It's a pity that you had to go through all this but please understand that we are your baby whales and we <3 you like our Mama whale. The sharks in the ocean do not like you providing FREE content with a unique style and a sense of humor. It is keeping them hungry. Please keep on the good work. Think about Discord too, that way a few mods can weed out the negativity. God Bless You.

Thanks for sharing your ideas. Really appreciate it.

You are amazing! You are literally helping me to make enough money to finally have kids! YOUR HELP IS CREATING LIFE :D

Resteemed and Liked :)

Thanks for your efforts!

Thanks Phil! You are the boss!

Thank you big momma whale!! You are so wonderful for teaching us and sharing with us your knowledge. Keep up the great work. Sorry about the Twitter drama... you deserve better. I love your youtube vidoes, always so hilarious and fun! I'm suppose to be wedding planning now and not tradding haha, but I wanted to stop by and say thank you. You are so kind, generous, and a good influence to all of us new to this crypto blockchain life. You have an invite to my wedding! California love <3 I own a sign shop too so if you want me to send you some fun decals HOLLA!!!

Thank you teacher, I’m learning so much from your lessons. I’m one of your smaller tadpoles but hope to contribute to your yacht one day. Much appreciated for your help

I sold too early...but if you've taught me nothing else it's whatever goes up will probably come down. So how far down we talking? Would it be crazy to make a lower low? There was strong resistance 8500 range that's where i'm thinking it goes.

Hey Philakone your TA is incredible but also know Big Money is manipulating the market. There is always a motive. A correction is coming soon

I've been meaning to get on Steemit more. Now going to go to at least upvote Philakone. Thanks so much Philakone!! Philakone for Crypto President!!

thanks for the content as always mate!

PLS BTC DONT WREK MY ShORTS

Please make a tutorial about Log scale. Thanks for everything!!!

You're my life

well said.. you just give YOUR opinion.. it is our responsibility to do our own work and make our own decisions.. just grateful for all the knowledge you share.

Upvote to show my support for philakone and everything this man does for us

Upvote and Love. Thank you for your efforts and guidance. Keyword being guidance! We're all responsible for how we use that guidance. Thank you, and cheers!

Thanks for all the tutorials... slowly learning how to fish a lot better!!

I lost a lot on it and Im not upset with you one bit. No one can be 100% correct and you are def correct more than I am. I sincerely believe you should consider charging like $100 a month and take on like 500 people or baby whales. Not necessarily bc your chasing money but to take on people who are serious and make it worth your time so you could put us ahead of your trades. Then perhaps a live stream any critical point during the day for your baby whales so they get up to the minute help. I don't know about anyone else but I would gladly pay $100 a month for more personal mentoring. Obviously with 500 people you couldn't give everyone 1 on 1 time but you could answer questions during live stream and throughout the day. Idk just trying to figure out a way to make dealing with the BS worth it for you. I have def learned more from your TA than any other source, def don't want the haters to discourage you.

Awesome! Thank you for all that you do! You are a wonderful teacher.

Stay awesome! Those that matter don't mind and those that mind don't matter! Don't let those losers put out your light! Shine brighter so we can see! PS - I joined steemit for you! Just saying!

WE ARE FAMILY
Get up ev'rybody and sing
Living life is fun and we've just begun
To get our share of the world's delights
(HIGH!) high hopes we have for the future
And our goal's in sight
----------------by The Pointer Sisters
For every hater you have thousands that love YOU!

Thanks buddy! I appreciate all of your hard work!

Thank you as always brother. Not sure if will see this and I cannot speak for anyone but myself but I will be continually grateful for the tools you continue to provide the community daily. With the enormous amount of junk being riddled out by many 'known' figures in this space, it was great to stumble onto someone who not only knew what he was talking about but also takes time out of his day to provide these amazing tools and content for nothing other than respect. I can only wish the best and hope it gets better bro. Good luck.

You're the man! Upvote this guy here and continue to support him to the max! He totally deserves it. He is the man that has helped me learn how to read charts and look at what is going on in the market. Definately don't deserve any haters. If you whine because you lost money on a trade, please do learn your risk management properly and stop blaming Philakone for it!

I finally got my steemit account verified and the only reason I joined was to upvote you. You are also the only person I am following on steemit. I want to thank you for putting out all the awesome content. I've learnt so much from you, whether your predictions were right or wrong. I've lost money but I don't hate you. I just hate myself :-(

For every one hater you have 100 people who appreciate everything you do! Don’t change a thing. You’re awesome

First person I found in crypto that I trusted wasn't just trying to get money out of me. Your analysis is so valued and I'm glad to see you back posting. For all the idiots calling you out for the "missed" correction I say BS!! In that TA you very clearly stated it could be a truncated C wave and that would signal a very bullish market. Everyone likes to blame somebody else for their own mistakes. Keep on going man!

Thank you Phi!

The great always get tons of followers who appreciate his/her good work and also lots of haters who oppose his/her good work. Just want to let you know that we stand by you, Philakone!

So far, I enjoy your way of thinking. Look forward to going through your tutorial videos as well. I'm more of a MA and price action type of analyst and lean towards swing trading. Keeping things simple as I learn the ropes and understand the cryptocurrency markets. I find the day trading appealing to my more aggressive side, but figured I understand how it all falls in to place before I dive in to that area. Keep on sharing your knowledge and creating content, it is most appreciated. Cheers from the middle of the Pacific Ocean.

PS: Will donate once I get myself a reasonable amount of gains under my belt. But for now, hope my upvote will suffice... including every other future article you create :)

13k... Here we come!

don't let them know they're getting to you...you're doing just great.

Hey Philakone, Steemit finally approved me, you got my upvote from here on, Thanks you for your work, no apology needed, we totally understand why you are frustrated, you're a true gentleman.

Thanks for all the update Philakone. Very much appreciated all the help through your vids. Just don't understand the negativity directed to you. I understand how you feel. I have had the same happen to me in my life and it fkn sucks balls when all you are doing is trying to help people out.

If people make a move based of these update vids then that's your problem. Stop blaming other people just because you were lazy didn't do due diligence.

I've made a steemit account only because your channel is there. I upvoted all your posts. I really appreciate your work, effort and passion! You're GREAT man!
For those people who have some kind of problems with their brains because of their inability of learn great thoughts of yours here is some of my thoughts. I'm completely sure that without falling there are no way up. If you want to skate you have to fall, and more important you have to GET UP and go further!

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