<center>![](https://steemitimages.com/DQmZrUpP9g4QC2ci86veWJXzeCRrWui3RWKZudVobwUHCY4/image.png)</center>

<center><h2> 
Long Term Bias (6+ months) - Bullish
Medium Term Bias (Weeks) - Neutral to Bullish
Short Term Bias (Days) - Undetermined
Long Term Target Prediction - $30,000+ by 2019
</h2></center>

https://youtu.be/7h388yPhmTY

![](https://steemitimages.com/DQmZsjh9GkviCHmbbBqZUotHmEMXfMwFzjNpSkFgekjUs7R/image.png)

We look at the RSI and notice extremely oversold regions and ask ourselves, "how long can it stay this oversold for?"
![](https://steemitimages.com/DQmR4LrDgo9igUbRRLpEx7sBvcSrBGazHJXukoi98czcfd4/image.png)
![](https://steemitimages.com/DQmTP2spbFYaArui87xamCiaLZxNkGjrGQmsCQoQWRdHe5P/image.png)
![](https://steemitimages.com/DQmYEWD2ZXTjcKt9uzSyyLGhy267ptAiDRMmTMeLD8aF4vU/image.png)

We look at the one hour RSI and all others, with a similar pattern established of a squeezing into a falling wedge, which is mostly seen as bullish once it reaches the apex, breaking up.

![](https://steemitimages.com/DQmVgxr9YRTJ1MDc3j8Tn8GunB682mmErzd28k2d6J8YUre/image.png)

If the major supports indicated below does not hold, and at the apex it fails to break up, we'll see the bearish scenario, reaching even more oversold conditions, potentially heading to the $5,750, $6,000 lower support region.

![](https://steemitimages.com/DQmNjJA8b4sEswtoFEdkiAj9RjBFHQpQFcaQRyY5MZ5adTQ/image.png)

Therefore we are left to watch this zone where a decisive play will happen and one of the teams, the bulls or the bears, will have given up and one of the teams will have one.

![](https://steemitimages.com/DQmRF7FHEnGWPc2K2WA1qP17aaufL1TopAqxCbWHTBd6QtD/image.png)

https://steemitimages.com/DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk/DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk.gif

<center><h2>Always be cautious, take high probability trades, plan entries and exits, stick to high reward low risk R:R setups. Good luck traders</h2></center>

<h2>Tutorial Series</h2>

[Lesson 1 - Bitfinex Tutorial - How to Customize and Set Up Bitfinex](https://steemit.com/bitfinex/@philakonecrypto/bitfinex-how-to-customer-and-set-up-bitfinex)
[Lesson 2 - How to Analyze Candlesticks Charts with Strategy](https://steemit.com/reading/@philakonecrypto/tutorial-part-2-how-to-analyze-candlesticks-charts-with-strategy)
[Lesson 3 - Moving Averages](https://steemit.com/trading/@philakonecrypto/video-tutorial-series-to-help-beginners-let-s-learn-moving-averages-like-a-boss)
[Lesson 4 - Relative Strength Index RSI with Advanced Strategy](https://steemit.com/bitcoin/@philakonecrypto/tutorial-series-video-4-let-s-learn-relative-strength-index-rsi-with-advanced-strategy)
[Lesson 5 - MACD and Histogram](https://steemit.com/bitcoin/@philakonecrypto/tutorial-part-5-let-s-learn-macd-and-historgram)
[Lesson 6 - Margin Trading Long, Short, Leveraging](https://steemit.com/bitcoin/@philakonecrypto/tutorial-part-6-let-s-learn-margin-trading-long-short-leveraging)
[Lesson 7 - Basic Risk Management](https://steemit.com/bitcoin/@philakonecrypto/tutorial-part-7-let-s-learn-basic-risk-management)
[Lesson 8 - Fibonacci Retracement Part 1](https://steemit.com/bitcoin/@philakonecrypto/tutorial-part-8-let-s-learn-fibonacci-retracement-part-1)
[Lesson 9 - Fibonacci Extension Part 2](https://steemit.com/bitcoin/@philakonecrypto/tutorial-part-9-let-s-learn-fibonacci-extension-part-2)
[Lesson 10 - Laddering](https://steemit.com/bitcoin/@philakonecrypto/tutorial-part-10-introduction-to-laddering)
[Lesson 11 - How To Interpret Time Frames](https://steemit.com/bitcoin/@philakonecrypto/tutorial-part-11-let-s-learn-time-frames)
[Lesson 12 - Swing Trading Advanced 55 EMA Strategy](https://steemit.com/bitcoin/@philakonecrypto/lesson-12-let-s-learn-advanced-55-ema-strategy)
[Lesson 13 - Introduction To Elliot Wave Theory](https://steemit.com/bitcoin/@philakonecrypto/lesson-12-let-s-learn-advanced-55-ema-strategy)
[Lesson 14 -  Using a Basic Excel Tracker for Risk Management](https://steemit.com/bitcoin/@philakonecrypto/tutorial-part-14-using-a-basic-excel-tracker-for-risk-management)
[Lesson 15 -  Automatic Stop Sell/Buy Executions](https://steemit.com/bitcoin/@philakonecrypto/tutorial-part-14-automatic-stop-sell-buy-executions)
[Lesson 16 - Advanced 55 EMA Strategy with Time Frames and MACD Part 2](https://steemit.com/bitcoin/@philakonecrypto/tutorial-part-16-advanced-55-ema-strategy-with-time-frames-and-macd)
[Lesson 17 - 6 Hours Live Trade Scalping. Growing $2,000 Account into $3,500](https://steemit.com/bitcoin/@philakonecrypto/tutorial-17-scalping-6-hours-of-live-trading-growing-usd2-000-into-usd3-300-in-4-days)

Twitter - https://twitter.com/PhilakoneCrypto
Youtube - https://www.youtube.com/user/philakone1

<h3>If I've helped you, consider buying Luna and myself a beer</h3>

BTC address: 1PruhmsYXU2gPkNw574xZSMyBG4YW5Wnq9
Ethereum: 0x2538b728f9682fc1dc2e7db8129730f661753850
LTC: LPeaZpGiF3XdCw5XPN7LXztDagTEZAMgYd
Bitcoin Cash: 1AY2FPANCe5URB71Nvy6tkCgoTS8iHgmZD

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.