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Enigma ENG - Feb 2 Technical Analysis Update - Correction Target Hit by philakonecrypto

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· @philakonecrypto · (edited)
$0.97
Enigma ENG - Feb 2 Technical Analysis Update - Correction Target Hit
<center>![](https://steemitimages.com/DQmWsocc8wutwsWvJXRmpXfD6Ma1to9XR5yyaBJrs8t1oFS/image.png)</center>

<center><h2> We find Support at 9K - For Now. 
Long Term Bias (6+ months) - No Bias
Medium Term Bias (Days to weeks) - Bullish
Short Term Bias (Today) - Neutral
Long Term Target Prediction - None yet
</h2></center>

https://youtu.be/O-ELHfeAS9w![]

We see correction target hit with a long wick and hammer candle on the daily chart. Correction target was roughly 27K satoshi. <h3>I highly advise waiting till BTC has a definitive uptrend before entering.</h3>We also see a descending triangle is possible to form with bearish pressure to break down to lower support regions. Waiting for volume and until a solid bullish candle forms with indicators RSI MACD showing bullish convergence is recommended.

(https://steemitimages.com/DQmWVxRnDLUKfQub2RFw7GTEdyXTmMspbrzAWofxJEBzDGC/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 -  Tutorial Part 15 Automatic Stop Sell/Buy Executions](https://steemit.com/bitcoin/@philakonecrypto/tutorial-part-14-automatic-stop-sell-buy-executions)
[Lesson 16 -  Tutorial Part 16 - Advanced 55 EMA Strategy with Time Frames and MACD Part 2](https://steemit.com/bitcoin/@philakonecrypto/tutorial-part-14-automatic-stop-sell-buy-executions)

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.
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vote details (267)
@cheetah ·
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@nothingtolose ·
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@wowcrypto ·
Thanks for all of your free content.  You have some of the best TA I have ever seen and would be happy to let anyone know about your channels.
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