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

<center><h2> 
Short Term Target. The Rest is Unknown
We find Support at $7,800 regions where it is constantly rejected at the trend line support
EXTREMELY IN-DEPTH ANALYSIS
Long Term Bias (6+ months) - Bullish
Medium Term Bias (Weeks) - Bullish
Short Term Bias (Today) - Neutral (Maybe Neutral to Bullish
Long Term Target Prediction - $30,000+ by 2019
Short Term Bear View - $7000-$7500
Short Term Bull View - $8500-$9500
</h2></center>

https://youtu.be/_4PFhBxyyT4

On the big picture, we notice a massive wedge, where the bulls and bears eventually reach a critical apex and one ends up giving up.

![](https://steemitimages.com/DQmedgxEhkvvwWkwkmJ7jxdoXsGbbTDQjeFERmX4wWCi67X/image.png)

<h2>I want to be VERY CLEAR that if my support Near $7500 range does not hold, we will without certainty trend to lower $7,000 ranges first.</h2>

![](https://steemitimages.com/DQmQS8TSKFzQbYniqcMHXGH3kRfrn3RW5igNycbzbDvKagC/image.png)

I'd also like to state formally about, "wave 4 cannot overlap wave 1 territory," has many sub rules that must be followed and is important to consider. Here are a few shown and there are dozens more.

![](https://steemitimages.com/DQmTTZUVsHEV3JTMDSQS6rggmCBR4Sw8tvjDJqAs25TRtYN/image.png)

![](https://steemitimages.com/DQmbLvAiwcdG7MJFM1eskpeHKA269v8ui9zWkfm1EEaMD4M/image.png)

This is the my main count which seems clean in price action and magnitude.

![](https://steemitimages.com/DQmddwTFqHYFHR4CSc3hBfp3if9jChEp7yhkzJ6X8PcCFiF/image.png)

Case two is not as likely to me as I would consider above the correct count for the origin of the final wave. Though I must state it regardless.

![](https://steemitimages.com/DQmT8nczksFNRZApTyFZvGGidWy7Ub68792UDc5GhhriUv2/image.png)

Therefore, based on the defense constantly of the bulls @ $7,800 range, and the mentions in the video, also assuming $7,500 holds, I'm led to believe that $8,500 is our first target at the trend line resistance. The rest is unknown and to be determined

![](https://steemitimages.com/DQmWUbquR1Z7d8rK9cTBk63fzzf18Eti9UdeWQFoN6Z7NNe/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.