General Tone:
We break $8400 and found massive resistance at $8600, where the downtrend began.
There are two possible counts.
- as a simple ABC, where wave 5 has begun down already
- as an ABCDE, where there is one more wave up, before a downtrend begins
A break above $9,200 invalidates both counts.
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
A break above $9,200 invalidates both counts.
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
Here are two bullish counts. They're considered bullish because we hit one last low before a major uptrend begins.
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i love the 55 EMA strategy, thank you so much for teaching!
understand this is a stategy for higher time frames, i think 1 hour or 45min and upwards, because if practicing on for instancce 30min, one gets trapped often by wrong signals, due to up and down moves, although considering some rsi and macd signals. I would really appreciate, if you could explain, when to enter exactly in order to ride it from more towards the peaks. I am usng 1 hour EMA strat and am also watching 45mn EMA strategy sgnals to see, if i will become a signal on the 1 hour in near future. Anyway it is difficult in quick up and down moves like yesterday and today.Because yesterday on 45min the 55EMA strategy signaling uptrend with the 55 below 21, 13 and 8 and today downtrend again. How do I prevent from this wrong signals in this strategy and simultaneously riding the trend more near the top and bottom. Sometimes Elliot wave and 55 EMA strategy say something different for example in trendreversals after 5th waves.
Best wishes love your videos, work and attitude Mama whale
Hey bro what do you do when according to that strategy you should enter but it would go against the calls and targets of Philakone?
hi @philakonesteemit , It's great post bitcoin! I enjoyed your content. Keep up the good work!
It's always nice to see good content here on Steemit! Cheers :)
hi phil! thanks for the constant updates.
Made a steemit account to upvote these many thanks :) :)
This ABC stuff all used to be alphabet soup to me with no meaning. After watching so many of your TAs, it actually makes sense now. 🙏🏼
LOLOL
Thank you for sharing your knowledge with the community, I had learned so much from your lessons. Your transparency allows many of us to avoid costly mistakes.
Who says Cats can't swim?
"Have you guys ever seen a guy with their left shoulder higher than their fucking head?"
Thanks for the lesson !