Bitcoin BTC - Jan 27 Technical Analysis - How to NOT BE BULL TRAPPED
My thought process during critical resistance breakout attempts and how to not be bull trapped
Always wait for confirmation otherwise you will with certainty be trapped more than not
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.
great update. BTC seems to want to wait until the last possible second to make a decision. A lot of time I wasted looking at charts waiting for a confirmation.
Confirmation! Confirmation! Confirmation! I love it! That word is now embedded sooo depth into my mind it echoes around in my noggin every time I go to make a trade. I can't make a buy or sell without hearing your voice now begging me to get confirmation. It's a bit creepy, but it is saving me from trapping or losing my hard earned money. Your videos are highly informative, appreciate the knowledge transfer, and keep up the great work. peace out.
Ahaha..And Down she goes !! Informative, thanks!
yeah she is really good looking ..... nyahahahahaha
Thanks for the great video and analysis you post. What do you think about this XRP wave count? If the break up is confirmed of course.
much appreciated. Do you think that Bitshares is following BTC's trend or has it gone unphasic? 4hrs 55 EMA looks bullish on it.
You only need to look at both charts simultaneously to see the relationship between BTS and BTC. Go to the 2hr chart, first shoulder and head already formed. haejin has predicted a pathway, this pathway if formed will complete the final shoulder and dead cat bounce. I'm sure Mr Kone or haejin will verify this closer to completion..Good Luck
Agreed on the dead cat bounce. Let's wait and see. For now, the bears are agressive on BTC.
No go
i can't stress enough how much i do enjoy your updates.
Thank you for a sexy late night Warning. Really appreciate you doing this late at night, as I just woke up CET time thinking, is it bullish? And you saying, stay aware of the the possible bull trap. Thank you!
I'm glad you're being cautious! Loving your blogs!
Thank you for reading my blog.
I like yours obviously and I recommend you in the blogs of @famunger to be included in the overview, I hope he will.
https://steemit.com/cryptocurrency/@famunger/bitcoin-ta-summary-of-analysts-26-jan-18
waiting for confirmation :P Stop orders on some of my stuff only saved by a penny.
@philakonecrypto When you are waiting for confirmation, do you normally wait on a 30 min candle or 1hr?
Wake up my friendo!!! BTC broke up!!!
Is testing resistance on the menu up next?
looks that way, not sure it has the volume to break through though
What is your take on Cryptocurrency Signal Finder https://www.tradingview.com/cryptocurrency-signals/