Hope this idea will inspire some of you ! Don't forget to hit the like/follow button if you feel like this post deserves it ;) That's the best way to support me and help pushing this content to other users. If you want to see my chart more closely, click the share button below that video.. You will be able to have access to the chart used in that video. Indicators used in this forecast are PRO Sinewave BETA & PRO Momentum. You can check my indicators via my TradingView's Profile : @PRO_Indicators If you have questions about the topics discussed in that video post a comment with "@PRO_Indicators" handle. Kindly, Phil
If you want to learn more about the basic rules to trade with my indicators here's the educational video link :
@PRO_Indicators The only partial mistake i notice all the time in your analysis is that you forecast too fast/short of a time the initial price point like you are impatient.
The price ranges are good but some how i think it will take a bit longer than you always draw out, when you look at the graph look how long the moves take in real life and the half time of that you forecast.
I agree about your forecast in general, i just think/feel we could get a week of wiggling slow up trend and then a week down, or even half a month more zig zag till we break down again. Off course it could all happen in less than a minute too, no one knows.
Gus51
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@Ron88griff, In cryptos, movements seem to be faster than other assets. Some time ago, Phil talked about a low 5th bearish wave lasting for quite some time so that people would be bored from cryptos, I don't think prices will move that way but way faster that aspected. maybe that's why he forecasts so fast all the movements. Anyway sometimes is right, sometimes is wrong. maybe it can help.
PRO_Indicators
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@Ron88griff, You're absolutely true ! I'm a bit impatient as person but I learnt to be patient as trader ! I may still have those natural bias in my daily review ;) Anyway when I do the forecast they have no meaning to predict timing at all but more like to show the potential subwaves that couls lead us to te target points. I understand the confusion but that's really not meant to be predicting timing at all.
IagoLemos
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must feel good saying "i was right, you were wrong", even tho you don't care that much about being right, lmao. great work phil, thanks a lot!! wish i were more patient these days, ended up making mistakes.
ThomasFrancken
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Your daily update is really helpful in understanding technical analysis. Very objective and calculated, really love it!
Gus51
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Thanks a lot, Phil, very explicative as always. @PRO_Indicators , in the next video could you somehow tell which is your 5th wave target price on ETHUSD, please? I find ETH more interesting than BTC and more rewarding in the long term.
PRO_Indicators
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@Gus51, Yess we'll cover up the ETH today ;) Not necessarely going to use elliott to forecast
c4llus
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Great job as always mate, you're by far the best trader on here.
Amb3r22
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Q 1. Is this where the money is coming from to support the equities ??
Q2. ( & 3) Who are the bulls and who are the bears ?
Q3. Are the bulls and the bears playing on the same long term team?
Just thoughts....
The price ranges are good but some how i think it will take a bit longer than you always draw out, when you look at the graph look how long the moves take in real life and the half time of that you forecast.
I agree about your forecast in general, i just think/feel we could get a week of wiggling slow up trend and then a week down, or even half a month more zig zag till we break down again. Off course it could all happen in less than a minute too, no one knows.