RE: ETHEREUM (ETH): Head & Shoulders Combo with Ascending Right Triangle
I'm very irritated with the momentary market... obviously, everybody is expecting Bitcoin (and nothing else, because everything else will go along anyway) to dip downwards to 8k, and lets be honest - before that happens, business will not completely resume - or maybe if the market stays this choppy, by mid-March or so...
So I'm staying away from investing, and many other people will do the same.
If Bitcoin dropped to 4k tomorrow, I would heave a sigh of relief and go for it...
Apart from that, ETH is probably the safest thing you can put your money into at this time, if you simply have to. In effect, the institutions have paralysed the market at the right time (there's a New Year Dip every year) with well-placed curated FUD, and can now dominate it at their leisure.
What were you talking about, Haejin ? Just another creative TA and small-coin marketer.
I have been thinking of unfollowing him simply because my own abilities have grown, but I'm not an ingrate and I still find him very inspirational here and there.
@jojof. Maybe what you are saying make sense, maybe not at all. Only you can tell. People say all kind of things in the trading community, and presume many things. Sometimes right, sometimes not. You are free to follow whoever you want. As you said, your own abilities have grown, maybe only follow yourself for a while.
Those who have knowledge, don't predict. Those who predict, don't have knowledge.
Charting is a method of using historical data to gauge the temperature of the market, not predicting the future. No one knows what happens in the next few seconds until it happens. Only thing charting will do is help you make your own choices and confirm gut feelings. He makes alot of analytical scenarios, not financial advise. Use these teachings to learn to chart for yourselves and go with your own gut. Once you find that you are making better moves, that is your own trading style.