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RE: ETHEREUM (ETH): Head & Shoulders Combo with Ascending Right Triangle
I like haejin; however, I do not like the fact that we forget about previous counts completely and go for a new one without proper closure...are we 100% certain the correction is over? why are not talking about the alternatives? Wasn't awareness key? sorry for the rant. I am not looking for investment advice but wisdom from a master.
haejin stated in the btc update that this would be a bounce, quit a high one but still just a bounce. You need to check the information properly befor assuming anything wrong.
I try to draw up several scenarios myself, and my primary counts show a lower low to come. Studying Haejins tutorials and practice over and over :)
Absolutely
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.
@lorderk. Nothing is 100% sure in trading. According to this post here, there is a shape of a head and shoulder pattern, along with a volume indicator. If the price past above the neck line (white parallel line), then there is a good change to hit the target of around 1421. If it doesn't past above the neckline, then there is a different story. It's always like that in analyising, as far as I know for other analysts too.
@ropaar, thanks!
this poo definitely stinky! smell that? its bullshit.
and he only votes on himself!! not you ignorant followers!!
haejin TA is like this pile of poo!!
and he only votes on himself!! not you ignorant followers!!
haejin TA is like this pile of poo!!
and he only votes on himself!! not you ignorant followers!!
In his last count he mentioned that the Inverse H&S could break up to 14k and come straight back down, which could form an ABCDE descending triangle in the larger correction scale (Bearish). Watch to see if this neckline breaches or if it fails and gets pushed back down, which could easily finish off the 5th wave of the original count.
agree, technically the correction is still in play and my point was a positive criticism reflecting that. on BTC for example the wave 4 of C still has not crossed the end of wave 1,making the bounces irrelevant for now. What I am trying to get is that a little more connectivity can help Haejin alot.
Yeah I was more or less just sharing my stance on the price pathway; but as far as Haejin goes - I believe his hands-off approach is deliberate. You kinda have to fill in the blanks for yourself.