BTC Bitcoin Technical Analysis - Both Bear and Bull Scenarios with Specific Targets
General Tone:
BTC simply cannot gain any traction. We see a possible break to $7,250 before hitting a major resistance, but if and only if we see a clear break above $6,900. Otherwise a break below $6,425 can signal a sell off to $6,000.
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
Thank you for your 35-hours of Youtube video's on technical charting; it is very helpful for a newcomer to this environment.
Your charts here are in a league of its own. One day ...
I hope your problems with your computers and trading accounts are sorted. Go well. Stay strong.
gah, you just updated twitter, but I'm leaving this.
Glad to see a video, but not b/c of the analysis. (posting before watching)
I find myself in a completely different scenario, but similar in that I believe when things are rough in life & perhaps out of immediate control, the best thing you can do is focus on something you enjoy(a passion if you will). The time/distraction of it tends to ease the mind by forgetting those issues for awhile, and consequently bring your mind a bit back to center. It's furthering yourself after all, rather than being stagnant and letting the negatives infringe upon your happiness.
For me, learning trading is among a few things that seems to just make me forget all about a break up from my 9yr relationship. Everything just vanishes and all my focus goes into the market & improving myself in hopes I can one day make a living doing something I'm enjoying. By the end of my session my feelings are reset, and a more positive note is reached b/c I feel progressed rather than having spent that same time just dwelling on frustrations.
This situation has a similarity to when you learned trading. Remember the last hack, where pushing forward was all you wanted? Just as when you started trading, you had setbacks and frustrating losses, yet you kept pushing forward with the end goals in mind. Keep at that. (Not that you should lay down and not take any action if that's appropriate. Deal with that on the side esp if big money is at hand.) Too much talent for TA & teaching to not.
Stay driven mama whale.
Thanks for the TA. Just wondering how you calculate the probabilities. You said a few months ago that you would eventually share with us. Still waiting hopefully. If you could direct us to where you got that information, that would be helpful.
So glad that you are back! Sorry for all that you have been through as of late, and I truly hope you're doing okay!!! Thank you for the TA, it is always very much appreciated! Wishing you the best!
Bear scenario..
Welcome back. I have been waiting for you here. Twitter is not for me. How are you my friend?
Wow the oss is back in the game.
plz crushhhh the enemys !! (y)
Phil, thanks a lot for your TA! Really sorry to hear what's going on to you for the past few days. Hope you sort it out and much appreciate for you TA and view on BTC movement! You have a lot of love and appreciation from Croatia!!!!
Good to hear that you sound like you're coping ok with all this shit. Hope the people responsible are made to be accountable. Thanks for this TA.
Hey Phil, good to see you're back.