I'm starting to lose faith in your TA Haejin. Yesterday your video said 2 lows $7227 or $8124 and the lows didn't get that low. In fact, I sent your video to a friend who was buying for the first time and she waited for the $8124 which never came and missed out. I'm confused- does this video today mean you are retracting your probable trajectory and prices from yesterday, or are more lows still possible? Or is the trend now going up?
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Did you read the article either it starts off with "Am I calling a bottom? Not until I see the indications. So far, it seems to be a bounce, a strong one to be likely."
Please settle down, and read the posts before you jump to conclusions. Bottom isn't in 100% yet.
Lauren you're probably new to this so I'll explain, there are waves called "Retracement waves" You see during an impulse move it doesn't move in a straight line. This bounce could very likely be wave 4/5; if you see the previous (wave 2) took 4 days to complete. Go back and take a harder look, and hurry up and wait.
I'm not that new, and yes I understand this. But thanks for the lesson. He asked- "am I calling a bottom" but throughout this entire analysis he hasn't called it, in fact he's saying it's going up. No? He said "until he sees the indications". He's calling for $14,142. So going back completely on his analysis from yesterday. I'v been following Haejin for months and a big fan. But this is the first time I'm really questioning his analysis, as he seems to be going back on what he said yesterday. In fact he didn't mention yesterday's price projections (which were never even close to being hit) in this video. Or is he still calling for those low prices after $14,142?? I don't think so from this analysis. I was simply confused. Have I completely misunderstood this new chart? Cos I'm still confused as to whether the bottom is in. You're saying it's not. What am I not understanding? Confused.com
Primary count yesterday was a ABC correction (still a possibility as we can be in the wave 4/5); today he just pointed out a H&S pattern (not nullifying the ABC correction). And on top of that he provided a third, ABCDE triangle which also lands in the same 7,800-8000 Support level.
So yes you are missing quite a bit.
As the day progresses we will see if the pathway goes the H&S/ABCDE route, OR the ABC 5,3,5 zigzag.
Just because he brought up an alternate count doesn't mean he's washed away the primary. And in both scenarios we're looking at a 8000 range in the next few days .
Oh thank you for clarifying. What you've explained is a lot more clear that Haejin's latest video. I was going mainly on his video, he didn't mention the ABCDE triangle downwards in that. So you think he's saying downward triangle back down to 8k more probable after 14k?
You may have figured out by now that TA often follow confirmation bias, almost astrologically at times. ;)
Yes exactly
Yup! He just completely backed up and is onto a new 'theory' now.
I think he has been warned... so is throwing us off on purpose. Up until early Dec he was spot on. As alot of people have mentioned he called verge, Bitshares, and EOS...sadly i missed them all only discovered Haejin in Nov.
Hi there! I missed the lower lows opportunities at 8124 also (and 7227), but that’s why @haejin (and other pro traders) advise to enter the market by steps, not all in at the same entry price. Same thing when you sell.
It is impossible to predict the market and I don’t think @haejin is trying to do that, but more to bring more clarity and vision, to see the forest and not just the trees around you. This is a very valuable learning process, and we should see better overtime - thanks again @haejin.
What I learn from this video is there is a possibility for a bullish btc aiming the $20000 or another lower low at 8 or 7k before that. For that we should learn how to analyse the trends in real time.
This is very time consuming and we could loose money during the process!
You can also choose to HODL your positions, and not focus too much. In this case anytime is probably a good time to buy. But then be ready for the long (or very) long term.
Noone will tell you 100% where the market will go. I would advise not to trade if you don't understand what you are doing. So learn about trading before doing this. Otherwise there is high probablity that you will loose your money. Observe your greed and fear and get to know them so that they don't influence your decisions. And get rid of FOMO.
he doesnt give you advice,you need to make your own projection.
For the record, i think we will see those levels. so do not panic.
Did you even look at the pictures? Your friend still has the possibility of getting in at around the 8k mark. If you see where wave E lands in the potential ascending triangle correction it hits that mark, or somewhere around it. While I get the reason she is wanting to wait for a potential 3k dip, that shouldn't keep her from just getting in now. Unless they are putting real money in, which she may be I don't know her money and don't want to guess it, it's the difference between fractional decimals. Point being, it shouldn't stop them from just buying now. Also, if they're buying bitcoin from an exchange they are doing it wrong and need to do a little more research as to the most efficient and economic way in purchasing. Anyway, happy Thursday and hodl.
We will most likely see price go under 8k in the next few days. The strongest support is @ 6k but there is a good chance we might not get that opportunity. There are loads of people already FOMOing in.
yea that never works especially if you don't ladder. Spread your risk. Buy in ladders from 10000 all the down to 7227. If your friend was going to buy 500 dollars worth then just shut up. If it was 50000 then learn how to ladder.