SUMMARY
NOTE: The video has much more details!
The most frequent question I'm getting is should I sell now? If it's gonna drop another 20%; shouldn't I sell? Such decisions must be self made and no one can make those decisions for you. Welcome to trading and investing! My analysis is provided to help augment your due diligence. I also know that logic does not always apply when sentiment gets involved which is why we often see prices move vertically.
The next frequent question I get is when will this correction end? While I don't routinely forecast time as it is not a reflection of sentiment and so very unlike price; the below chart shows how well price has been contained within the boundaries of the wedge triangle. If the angle of price trajectory is used, rought estimates can be discerned for time. The first is around Feb. 4th or this coming Sunday, EST time frame. The second is Feb. 8th and the third is the 11th. IF price remains well contained as likely it will given that the volume is declining; and as the price approaches the Apex; a point of time should arrive where not a single seller can be found. In other words, all the sellers would have expended all their fire power and nothing will be left except buyers! This is when the "Smart" money will wade through with their cash and start buying with two open arms. That's when price can reverse in an impulsive manner! These timelines are IF price is contained in the wedge pattern....let's see how the next few days pattern out.
Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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I got this book today~!^^
Well done!
This will improve your crypto profits: https://steemit.com/bitcoin/@investingtips/which-trading-order-should-you-choose-all-the-different-types-explained
Haejin pls explain this phrase , " In other words, all the sellers would have expended all their fire power and nothing will be left except buyers! This is when the "Smart" money will wade through with their cash and start buying with two open arms."
I guess that means the previous sellers now become the new buyers at a way higher rate.
I got mine a few weeks ago. Now the hard part. Finding time to dig in. I got through 1/2 of chapter 1...
Let's learn Elliott Wave~~~!!! Gazua~~!
Hello Haejin Blog followers. It's time this trash got taken out:
Flag this user every post: @asiahajranajma - They are all spam posts. I know many have muted them, but I urge you to do more at this point. The next step for me, if this guy does this one more time, is to start flagging SalWHOthen? Choose for yourself, but I am asking users to help me take the garbage out.
great job haejin,, learning more and more,,
I can’t wait until BTC price drops to $8k so I can rub it in yours and salahuddin’s faces
Good luck catching it at $8000... If it does go to that price, it will only be there for a few seconds and skyrocket off. Every trader is predicting $8000, guess how many buy orders will be at $8000?
I warned you guys.
Nice work Haejin. We are all realists here and know that you do not have a crystal ball, nor the power to move or time markets. Sad to see the babies coming out crying because they can't handle their emotions. Boo Hoo.
True colors show during corrections.
Sorry @haejin that you get your posts downvoted by the haters. You deserve the rewards for the great TA sand knowledge you give us. We will always support you!
I wish you MASSIVE profits!!
A nice relief indeed. Quite optimistic. Thank you..
Thank you, Haejin. Would you please consider doing an analysis on BTS? Are you as bullish for BTS long term as you have professed in the past? Thank you!
I believe every exchange will run on a decentralized exchange. The NYSE, NASDAQ, etc
Thank you, sir. 🙏
Yes, he predicts $300+ someday:
https://steemit.com/bitcoin/@haejin/bitshares-bts-long-term-forecast-usd342
Thank you, bitshareboy!
After watching this, I feel much more optimistic even though I know that all corrections end eventually.
I wish you health to keep the good work and these videos coming in the future..
Nice ways to be at top position
If you want to know about blockchain then this post is for you
https://steemit.com/blockchain/@fxfighter/preface-of-blockchain-part-02
@haejin Can you tell which altcoin should i invest among reddcoin, verge and bytecoin. I have less technical knowledge about cryptos but i have been reading a lot about these coins, about their plans and roadmap. Unfortunately, I am unable to come to any conclusion.
P.S. I cannot afford to invest much.
Buy BTC. Hold.
It must be a self made decision.
Enigma
It's a good question. Some would say the safest bet is in Ethereum.
More risk but more potential reward: Stellar Lumen, Cardano, Eos, Bitshares. All have very strong teams of people and are very legitimate and likely to be at the top of the pile in coming years.
Verge, reddcoin, bytecoin....I don't know about those for long-term holds if you only have a little money to invest. Ride the wave but don't cling, no matter how many times you're told to HODL.
Crypto coin has always earned it in the long term.
Yes pretty much.
@haejin gave dates! This is a new development!
But thanks for the update as usual. Impatient for this correction to end!
This might help the panicking
https://www.isbitcoindead.net/
I'm banking on the panicking so ixnay on the inklay if you don't mind ;D
Thank you
I see this price stabilizing very soon. Feb 11th is a powerful day. Why don't you ever up vote your followers comments asa show of support?
I do
He does when necessary, have witnessed it.
Hopfully BTC Will bounce soon!
@Haejin could you please do Datum (DAT)? Thank you!
When btc falls by itself and everything else is green, tha ts when i worry
I have been saying this for weeks now but people are singing a song with their fingers in their ears! I hope they will pull them out and listen to reason.
Dear @haejin, if the volume does not drop while approching the Apex, would this be an indication for a lower correction or is it not corelated? Thank you :)
Its dropping but if it suddenly surges, then a different count is needed.
Keep up the awesome work.
해진님 응원합니다.
Thank you!
Where do you see it go. Can it hit 9K before bouncing back? May be its CNY that is causing this downturn.
Thanks for sencere analysis update everyday :) how think about IOTA , i think its on correction, how will it go down more ,?
Hodl!
Instead of jumping into trading view, maybe it would be wise to import the historical datas into a spreadsheet. That would enlighten some and show that this was the end of a 7 years wave 1. As simple as that. Thinking that a 7 years uptrend can be over in a month is just ridiculous based on Elliott waves and fib time ratios. And if some still think we are bullish, since we are below 16k, the bull trend is over, according to professionnal traders' definition of a bull trend, as opposed to retail traders... Just saying like a wind blowing.
1/16/2015 - Beginning 2 years 11 months bullrun- 3 waves each of larger degree, up, ended 12/18/2017 = Larger degree correction, we are experiencing. Correction in its 6th week now. Please correct me if I'm wrong or what I've missed. Didn't really understand the going back to genesis thing either. fib retrace from 1/16/2015 to ~20$k high puts next landing zone within Haejins parameters.
Why the urge to sell on a retracement? Went down and I got some more. When down again and I got some more. Went down again and I got some more.
really love your explanation. i was wondering how prices really work
perfect....
Awesome as usual Haejin. Thanks, good work.
Remember we have a potential Tether/HitBtc issue now.
India: Bitcoin Prices Drop As Media Misinterprets Govt’s Regulation Speech
https://steemit.com/bitcoin/@ajaydodeja/india-bitcoin-prices-drop-as-media-misinterprets-govt-s-regulation-speech
is bitcoin's peak time is ending?
Great post..!!
Stay strong, don't panic:
https://steemit.com/cryptocurrency/@priyathamreddy/must-see-post-for-all-cryprocurrency-investors-right-now-black-friday-of-cryptocurrency
Truly you are a great technical analist. Like your every single post as far as i see. Your post's are very helpful for the trader. Thanks for your great post's.
do you think real traders use this info?
February 11th = Blood in the Water!
very helpful post thank you Mr @haejin
yes your brain was processing all info and vid in 4min...
great analysis @haejin, I've been learning a lot with your videos!
learning too much tooo fast here ,, lol , thanks you insights
Need this, thanks man. HODLing.
That's interesting. Thank you
why did u down vote me
because of selfupvote...
just stop flagging people , you are ruining the platform ,,oh my god we dont need hate in here, u could come and tell me without flagging
your feedbackloopprison is better?
You still got 1cent... so why you use words that are not useful here...
you declare something "bad" that is only in YOUR mind... forbidden forbidden... so you cry to me that you got 1cent.
nice to meet u @tuvokhl , hope u change ur attitude mate
maybe... maybe not
why is that not allowed?, thank u for explaining
i dont like selfupote... thats why i act and downvote it... i am allowed to downvote... like you are all allowed to follow shit and upvote shit...
why build something when its easier and more fun to destroy something? cause it make you happy and feel in peace with you and all the world. please support each other to grow together!
i get your point. i also upvote... but when i see scam, spam or stupid i will downvote it. words are often not enough. a flag underlines a statement.
note that i dont downvote to invisibel...
also with your word "destroy" i got other view. someone upvotes himself 50cent and i downvote 25cent i think its still worth 25cent... still something build???
Do you realy think my styl is easy? Its harder then say "hey haejin i follow you follow me. great."
you are right my friend we need help each other out ,, cos in the we are on the same ship ,, remember communication is better then flag wars
Haejin is a glutton for punishment giving dates! Idiots erm I mean trolls... err sorry haters, look up the word tentative.
Correction marches on!!
ps. As a life long Eagles fan 3 bitcoin couldn't tear me away from that game on Sunday! Don't offer 4 I don't want to have to make the choice!
But still point is what will be the future of kryptocurrency. If It's getting down by 20% so what will be the result?
What is kryptocurrency?
yeah what is this bitcoin? can i eat it?
lol
thanks... got it... :-)
Since you must be new here, I'll save you the time of research. It is everyone's future. Now, go do research and make some decisions :)
If you want to know about blockchain then this post is for you
https://steemit.com/blockchain/@fxfighter/preface-of-blockchain-part-02
I resteemed your post. Your post be reference for all bitcoin player. Thanks for share this information