So you’re saying it’s time to short that doge?
As a trader you have to be prepared for every scenario and carry no bias when entering a trade. Here i go over the most important supports for Bitcoin should we break down from the very important descending triangle pattern.
Bitcoin technical analysis video where i cover the BTC Fibonacci and Elliott Wave resistances sat at around $6600. If you got in at lower wave 2 or 4 it’s a good idea to start taking profits now we’re about to hit some big resistance.
Wooow my price target from yesterday hitting to the dollar, how amazing is technical analysis! I’m now seeing an Elliott Wave ABC correction in play! Short term while/Wave 4 support holds support i’m looking at this chart bullishly
Finally my Elliott Wave theory lesson video for you all!! Has taken me a long time to put this together, so I have split it into 4 parts. If you love Elliott Waves as much as me you hopefully will enjoy, and most importantly, learn. Elliott Waves can definitely help you become a better trader!
Any questions let me know, happy to help you
Follow on to yesterdays Elliott Wave lesson, where here i cover the ABC corrective Wave pattern.
Hope this helps you out!
Just started video 1, thanks.
ascending descending expanding. got it!
Thanks for the nice lessons mate, , subscribed already to your channel
No worries mate, as with all my videos I post them here so the Pub members can have a trader teacher Any doubts or questions you have, I will give you all the trading support you need! Hope you enjoy and learn a lot!
Haha yes mate!!! The triangle formations can get very advanced, but as long as you remember they stay within those triangle patterns, it’s a lot easier to manage.
Thank you very much! I lol be diving into this tonight!
Juist finished lesson one. Great, liked the content and info pace.
Your creating content like that philokone had erased from his page
Didn’t take profit at each fib level, gonna try that.
In the second video you take the fib from top to bottom. When do you take it from the top and vice versa ?
Yes you’re almost guaranteed a bounce on each fib level in the crypto market.
When you’re in uptrend you take the fib from bottom to top. This identifies the fib levels that will act as a support to place buys.
When you’re in a downtrend you place the fib from top to bottom which will identify the fib levels that will act as resistance to place shorts.
I will be doing a full video series on Fibonacci retracement and extension, it’s 100% my favorite trading tool!
My quick technical analysis video from today
No lie doubt about it. You are a great teacher, i will also be checking out your Fib… video if they are already up. Killing it! I i still need to watch these videos again 2 more times P.1 and 2 since it always take a me a couple time to watch/repeat thing before they really stick in my brain.
No Video today? its all good! keep up the great work.
Thank you mate! I have not made an official fib lesson video yet, but i will be doing one in the future 100% I do have videos where i use Fib though so that may be helpful.
Sorry i didn’t have time to make a video last night, 1st time i missed a daily video in a longgg time! Should be one tonight though mate
New video for you all!! I go over three things for you all. I start with some trading tips in a bear market, why I opened up a long position, and finally why i have been trading other markets more recently.
On the 4hr we are starting to see indicators turn bullish, so i entered into a very short term long position, a lot of risk for me though here. Bitcoin continues to trend sideways between $6100 and 6500.
Finished the video How to: Elliott Wave. Learn to trade using Elliott Waves Part 1: Impulse theory.
Nice summary of elliot waves, did some reading in elliot waves principles. But must read it again, so much info. This video helps, also for explaining this to some friends of mine
Do you cover ending/expending/leading diagonals in a video ?
Would also be nice to cover the variations of the triangles.
And maybe a video of the setup of a trade ?
Where placing the stop loss, which platform, risk managent.
Often i’ve a situation like this, where the stoploss is going off with a loss:
Loving your teaching skills. I do have a question in regards to the beginning of a new Elliot Wave formation. Would this be considered as the beginning of a new Elliot wave theory. This is on the 1hr chart. If not, when would you know the start of a new formation.
Thank you for the feedback mate very helpful, and i’m happy that the video served you well
I have not covered this in a dedicated video, I can defiantly make a video going through it though!
Deffo going to be doing this soon, kind of part 3 and 4 will be all examples for elliott wave trading
I would personally place the stop loss below Wave 2. if you’re buying in on wave 3 upwards there mate
Good question mate. For you to know if it’s the start of a new impulse Wave, you have to go back through the chart and draw out your impulses and corrections. If in the chart it has just finished a corrective wave pattern, then it’s likely to be starting a new impulse wave!
Just so you’re aware if not already, Wave 4 cannot go below Wave 1, so the above waves would not be correct, happy to help you out mate!!!