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RE: Bitcoin (BTC) Morning Update: Landing Zones
What are the chance of you being wrong again ? I dont think, you should try to predict corrections, historically you are always wrong there. and your prediction will confuse a lot of people here, and they will do mistakes.
what the hell are you talking about? haejin is permanently providing various scenarios and by being aware of them you can react accordingly. I made a ton of profits due to him, specially when there have been possible pull back scenarios like last day, all you had to do was to check the triangle support and check if it breaches so you could switch the main count.
It seems to me that you are not using the information correctly that is provided here, otherways I can not understand your frustration.
Yes, he is providing multiple scenarios. Going up or down. What the fuck is this? His primary scenario was not this if I remember well. Forget this bastard, I advice to you.
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
@kimjongpoo is coming for you!! Ignorant master will never reply to a petty fool like you!
He had a target within the last month on a bitcoin correction and nailed it. Made me some decent money. I sold around $18,000 and @haejin mention a head and shoulders pattern. I bought in where he said the target low would be, which was around $11,500. I then sold that around $15,000. It's a lot easier to just say all of the good news. I appreciate hearing some of the stuff I don't necessarily want to hear, but need to.
It is also necessary to tell the bad news to warn us for drops & corrections so people won't lose that much money. The crypto market isn't always going upwards you need to know that.
if you would listen to haejin you would have undetstood already that he makes predictions based on price only. It might seem a bit unconventional to you but look how it has provem right again:
we knew about this possible scenario already while ago and now experts are scratching their heads since they cant find the news that is responsible for this dip.
haejin provides a free master class in TA but it is up to you to listen and eventually learn
@kimjongpoo is coming for you!! Ignorant master will never reply to a petty fool like you!
This same crash has happened at the same time the last 3 years. It correlates with the Chinese holiday. I think it's a combination between that, the futures expiring and FUD about what asian governments are doing about regulations.
Well, these people should not follow anyone blindly, be it Haejin, whose analysis is actually quite good. Yep, as of late, he has been wrong for a few times, but still...it's a game of probabilites as Heajin also says. In short - you simply can't blame someone for expressing his opinion and Haejin is doing this - for educative purposes and for some steem dollars, of course (nothing wrong with it if people decide his analysis is worth an upvote)!
he hasnt been wrong on btc. he consistently provided several counts and told you what to watch out for.
Not on bitcoin, but on a few alternative coins such as Verge and BitShares for example. But I don't blame him - I think it is normal to be wrong every once in a while. However, most of the times his analysis has been impeccable and I can only applaud him for it.
his counts are not really wrong there as well, take this two things always into account:
What do you MEAN his counts are not really wrong. Is your definition of wrong different to the oxford dictionary’s? Wrong means incorrect. Going the opposite way. Look at his predictions over the last 4 weeks. All of his wave drawings have been completely invalidated from an objective elliot rule set. His counted wave 1s have been crossed by wave 4s. Look at STEEM, XRP, XVG, QTUM, RDD. His targets have been wrong too. Let’s just admit his wave count was incorrect. Look at XRP as a prime example. His target was $4.11 as end of wave 5 and he counted that we were in wave 3. It turned out we were actually in wave 5. That’s a HUUGE miscount. Moreover, other analysts on tradingview were calling for this scenario well before him. It’s pure covering your eyes if you’re going to convince yourself it’s not wrong. Sure, it’ll go up and likely hit his targets from here. But that’s because in a bull market it’s more likely to go up than not. However, to say he was not wrong when all his counts have been invalidated is just pure blindfolding yourself to the plain facts of what happened.
I agree with kevitos on this one - Ripple is a good example. Eventually the price will probably go to $4.11 but not seeing the big correction before that is simply a mistake. If I follow your logic I may forecast that gold, for example will reach 10K. And in the very long run I will probably be correct, but if you buy now and it falls to $700 and stays there for a year and then slowly moves upwards to $1000 and finally in 10-15 years time it hits my forecast - would you call my analysis correct? But as I have said, I have a lot of respect for Haejin and am thankful for all of his efforts. He was wrong for a few times, but that's fine, he doesn't have a magic ball. He made some great calls before that and I don't think it was just luck.
I don't see too many 'great' calls
https://steemit.com/haejin/@truthtrader/haejin-6-months-accuracy-rating-day-17-2-day-16-accuracy-12-10
Bullshit
Half Bullshit
See it this way: "When you have 100 balls, 99 are red and 1 is green. What are the chances you pick the green bal. 1% or 50%. Not even Einstein new the answer.
amazingly, he was almost right...
It just wasnt a correction,
https://steemit.com/haejin/@truthtrader/haejin-6-months-accuracy-rating-day-17-2-day-16-accuracy-12-10