RE: Bitcoin (BTC) Morning Update: Landing Zones
well this is what TA is about. His primary count lately has been the bullish triangle pattern but he made it very clear that if support breaks then the scenario is the abc correction which we experience now.
from my personal experience it is very dangerous to follow an analyst that remains unflexible about his count, they are so ego driven that they disregard all other possibilities and can do serious harm (as I expereinced on my own).
it is simply unrealistic to accuratly project the next several days and weeks and if so then it is purely luck. once you will realize that you will see the value behind haejins work. all you need to do is keeping track about his updates or even better; go learn from his tutorials and do the daily reviews on your own (since this is what the purpose of this blog is!)
I followed him from august and I can tell you it is worthless. Lots of analyst from the trading view predicted 8K weeks ago. When the correction started Haejin just said all the time this is a healthy correction it can not be as low as 8K and look at now, we almost there.
I've followed @Haejin since August too and have made a ton of profits in spikes AND corrections. His TA analysis is a GUIDELINE. Do your own due diligence. You are the only one clicking the buy order and/or sell order, not him. For over a week Haejin's alternate count has shown a more bearish outcome. So the alternate count became reality instead of his primary count. That's why he puts an alternate count out there for BTC. If all these other TradingView TA's are doing it better, you're free to leave here and follow them.
You could have taken a lots of profit without him too. In a bull market every coin were rising.
@Attila73. Do you know when to take profit and when to buy back? You said, You could have taken a lot of profit without him too, in a bull market every coin were rising.. True. What if you take profit of EOS when it's gone up to 6, then it keeps going up to $12. Then you afraid to miss out and buy back at $11.5. Then it drops to $5 because it's a wave 2 correction. What are you going to do? You can hold for 2 years and said I am selling EOS on Jan 1, 2020. Otherwise it's better you understand some wave patterns and TA. See, you are talking from a perspective of a fairly new trader. I am not saying Haejin is always right. But if you learn from him, and analyse yourself from his info, then you can become a better trader. Maybe one day you are better than Haejin. But now, Haejin is better than you.
I respect your opinion and understand your frustration.
but keep in mind that he announced this possible scenario a while ago, of course it hasnt been his main count but he told you which support levels to look out for. you might blame him for favorizing the wrong count but due to his information I have been prepared for this possible scenario. but maybe this requires to watch his videos (which i do consistently) since it seems in his blogs he doesnt emphasis the probabilities enaugh.
of course I can only talk for myself but to me he helped a lot and this recent btc pullback doesnt stress me out the slightest
@attila73. You know what. The best for you to do is that you keep following everybody and eventually you will learn who is good and who is better, hopefully. I can say that this time the analyst from trading view predicted 8k weeks ago, next time he could be as wrong as anybody else. Guarantee it! Because you are speaking from the mind set of a fairly new trader!
@barsic. When the market goes down so much, people get frustrated and rant. They don't understand cryptos are volatile. Also a 50% correction is not unusual even in stocks too! Some people need to realize that.
you are right and I totally understand the frustration.
What concerns me is that some really dare to blame haejin here, he has been totally transparent and altought I would have enjoyed to see the bullish triangle pattern as the final path we all have been (early enaugh) warned about this possible outcome. Altough it is not really recommended to daytrade I managed to make some profits by selling under the support level.
@kimjongpoo is coming for you!! Ignorant master will never reply to a petty fool like you!
No, this is not what TA is about.
https://steemit.com/haejin/@truthtrader/haejin-6-months-accuracy-rating-day-17-2-day-16-accuracy-12-10