Bitcoin BTC Jan 27 Afternoon Update - Bull or Bear Scenario, BTC to Tell Epic Story in 24 Hours
Stay Tuned For BTC's Epic Story To Unravel Within 24 Hours
Never have I been this excited about the outcome of this move. The bulls make money and the bears make money. Either way, there is potential for some massive profits at the end of this ascending triangle.
We still see the ascending triangle holding true, though please remember that ascending triangles are indeed bullish patterns, but they never 100% guarantee a break up. Therefore caution must be exercised during these critical times.
We see a bull scenario of breaking up with many hurdles along the way, up to Resistance 3 @ $14,350+
And short term bear scenario, we can fall to lower support levels.
The volume is extremely low today comparing 8 billion vs 9.6 billion yesterday, which is of grave concern.
We see the daily MACD potentially crossover with only -$73 away from a histogram positive tick.
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
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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.
Another sleepless night. Oh well, were used to it by now. Get some sleep because tomorrow could be very busy moving possitions all day/night...
Thanks for the info. Please keep it coming as soon as possible. Very valuable knowledge.
thanks a million.
Domi
Pleasure! You're right another restless night indeed.
:-]
Thanks so much for your diligent effort PK.
On a roll! I'm loving the multiple btc videos per day on such a crucial moment in btc price history. Keep it up! :-)
Thanks for the update. The challenges for bulls are pretty though. Here's another Elliot Wave analyst take, same conclusions though
I watched several of your videos: GOOD STUFF!
Btw I see you are accepting donations to Luna on bitfinex... I'm new to bitfinex but I've read you (or Luna... btw who's Luna?) have to pay a "small deposit fee" for deposits less than 1000 USD value (so basically any donation from a normal person, unless you expect big donations from whales), is that right? check bitfinex's page: https://www.bitfinex.com/fees
If it's like that you don't really want to use a bitfinex wallet for small donations... correct me if I'm wrong.
Cheers and thanks again for your work
Haha Luna is my dog barking in my videos. She has a little crypto piggy bank since she guest stars in some videos of mine and people donate to her.
Haha funny about Luna ;) So what about the bitfinex small deposit fee question? If I send you a donation of 0.0008 BTC ~9 USD bitfinex will charge you 0.0008 BTC "small deposit fee" (so making the donation useless in this case)?
Simply the Best...Better then all the Rest.... :)
Hi. I want to ask that if btc breaks out and go up, what happens to other coins. when btc rised up today my other coins droped against btc and I have same money :) So if it start to go up should I exchange them to btc and wait to settle down or it is ok to hold altcoins.
other coins tend to follow BTC when both are at all times lot. Though some don't always correlate.
Well, regardless of the direction BTC takes, at least many have gained awareness through your posts thus making us less susceptible to shocking surprises and we are more or less able to make decisions to minimize risk. You're really doing alot of good for the community and your followers, keep on keepin'on! <3
Thanks for being real 👍🏼 Love and appreciate all your videos.