Bitcoin BTC Jan 27 - Technical Analysis. Next 25 hours are critical
The Next 25 hours will determine the next few weeks of BTC
BTC has been known to bounce off the 20 weekly EMA successfully for the past 2 years. We are now testing the 20 EMA again for a second time. We must successfully close the week with a more bullish candle than a bearish candle. Preferably a doji with a close over $11,750.
We see BTC form a new pattern, an ascending triangle, which it must break with volume and conviction to close the week successfully over $11,750.
Yesterday's volume was 9.6 billion versus today at 7.6 billion, with only 4 hours to go.
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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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 analysis.
I feel like we will bounce off of the MAs and proceed upward. This will bode well for the markets.
BTC to 20k!
I hope so too!
Please pay close attention to the next 24hrs because if you are a BTC HODLer is going to hurt. Please read my comments (Cryptolight) on his website. Good luck
Philakone,
I have to say you are GREAT!!!
People, if you want a REAL TA expert (in my eyes) you dont need to look any longer. He is right here. On spot all the time.
I thought I was going to watch him fall for a BULL Trap coming off a Dead Cat Bounce, but he caught it at the last moment. I wonder how many fell for it...
Keep up the great work brother.
P.S. Community, please upvote this man. He does a great service to many of us. In fact, we have become attached to his wonderful gift he so gracefully offers us for free....
BLESS
Domi
Will you please do a tutorial on shorting!!! If the market changes tomorrow I would like to be prepered, but I have never shorted before. I hope you will help us, your followers.
Your technical analysis is amazing. I have started learning it from your old videos and hope I would also be able to earn some money through trading. In Dec 2017 I started trading with $300 and reached $3500 using your videos. Unfortunately I am not in a position to donate anything as of now. I have total of 9 dogs and there expenses are huge. 8 out of 9 dogs are rescued one from road accidents and its very difficult for me to manage expenses as of now as I don't have any job.
So I can only say a big thank you as of now. In future If I am able to recover from financial crisis I would definitely donate in Luna's fund.
Thank you and keep up the good work.
Thanks for the content always a appreciated!
Thanks great post can you check plz on xvg
Hiya Philakone, I love the videos you make. I'm new to crypto and steemit, but I am learning :-) was wondering if you could make a TA video of Neo. Keep up the good work! :D
You absolutely right about them. Dude, thank you so much. Your videos really teach me a lot.
Great analysis....thanks for sharing your thoughts! Much appreciated all you do for teaching the community! We need more positive forces like you!
thx you for the analysis