SUMMARY
Does one ever get used to corrections? Well, I've been doing this since 1997 and the answer is YES! For many to whom this is their first ever correction, it can seem mortifying! I believe this correction is a very healthy consolidation and nothing more. The key is to have cash raised during the good times to BTFD! Presence of cash enables one to calmly wade through the panic and get greedy when others are so afraid and panic selling.
For the wedge patterns, as price proximity to the Apex shortens, Bullish Wicks can be spotted. This is when price pierces the lower support but only temporarily because it re-enters back inside the triangle. The below chart shows such an occurrence. Let's see how the remainder of the day's price action behaves.
To help you bop and pop with a jiggle and a wiggle while this Correction passes; here is the BTFD Rap!
Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 1HMFpq4tC7a2acpjD45hCT4WqPNHXcqpof
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf
Reply to THIS COMMENT to avoide auto downvote from the DENSE Troll! Outmarting the obtuse is our plan!
BTFDYFI
LOL, BTFD BTFD BTFD>>>
awww yaa BTFD! I'm running low on cash ammo tho!
sorry for the noob question but what's BTFD
buy the fucking dip
Buy the freaking Dip
It means Buy the Friggin Dip... Buy when price is low: ultimately at the end of a correction.
:D done and done
Would be ideal raising cash at 9000 or so, and then BTFD at 6000 or so... but again, how to be sure that we from 9000 it won't go north ? Laddering that UP and DOWN is quite a challenge
ya afterall TAs are just predictions afterall, it's just one of your many resources to make your buy/sell decision.
Personally I know I'm not good enough at predicting good buy/sell points short-term, so I focus mainly on buying during dips, and HODL until when I feel it'll be a good time to sell.
yep, sounds like a more relax approach...
Why This Might Be The Bottom: https://steemit.com/bitcoin/@investingtips/pivotal-time-for-cryptos-no-click-bait
Your analysis is bringing me peace and calm. Awareness is key. Thank you :)
lmao btfd!!!
Thanks for all you do Haejin. (No laddering, sorry) ALL IN: 27+ BITCOINS AT AN AVERAGE OF: $6,592.80 @ 12:04 Pacific. GO BIG OR STAY HOME :).
wow
Nice!!!!!
I hope it will work out for you
Hey @haejin! Humbly expressing my appreciation concerning your stance in the reward pool debate the last weeks. I love to give feedback; Sometimes your writing style makes it seem like you knew the present all along. I guess this is not intentional, just natural from a teacher point of view. You know what would be game changing? If you said that even you had little fiat left at this point. Makes you more human, not weak. Best regards
LOL
check and mate...
lmaooooo priceless!
I provide analysis with possible support points and I think that in the climb you can make a shoulder head inverted shoulder.
I await your comments. Thanks
Whenever i comment on your post someone down votes me.Do something plz.
That's why he's saying comment on his comment. There are bots out there trying to destroy steemit.
@haejin Can you do giveaways. It would be a nice way to attract people for yourself and a way to give back to your followers.
I am sure it would benefit you more than anything else anyway
It's up to Haejin, but I wouldn't encourage him to do that. Giveaways is low level marketing that is effective, but attracts people not interested in analysis itself, but freebies.
Professionals don't need it and shouldn't use it. It only waters the reputation down.
awesome comment
Can't wait to buy BTC back at such low prices, thanks for your analysis, Haejin.
very good post! thanks for the info
Thank you for teaching your laddering strategy! 3 of my ladders have been filled, but instead of being upset about the price going down, I am excited to see how many more of my ladders will be hit! I have 7 more ladders to go. I went back and laddered my last 3 ladders. SO MUCH FUN!!!!
just got in , but here for a long haul
Excellent post once again ! I also see increase in Selling Volume but i'm not sure if it signals the capitulation phase which means one more lower low ?
Bitshares DEX is so slow at the moment. Most nodes are unavailable and the ones that are, have very high latency - any ideas why ?
A lot of people on it right now I guess. Mines been slow too.
might be a blessing stopping me buying some crypto when we could see prices tumble a little further yet lol
it is indeed an emotional test to witness such a correction for the first time in such a way...
thanks again Haejin!
Thanks for your input! Do you think btc will see $20,000 any time soon? Also does anyone know how all this bad news from China will affect NEO? HODL!
“Be Fearful when others are greedy and greedy when others are fearful.”
Warren Buffet
Thank you Sir~
BTFD: Buy the fucking dip ( I figure it myself, but I felt like i had to post it xD)
Anyhow, if after all this crappi FUD BTC survives we'll be seeing it hit 20k in no time, A heavy advice to anyone unfer a year in the cryptosphere is this, read this fucking dude, he know his shit, his holy shit, and buckload of shit! @Haejin has massive knowdlge, read him (and the fucking books he so many times ask us to read)
That being said... BTFD!!!
Would be ideal raising cash at 9000 or so, and then BTFD at 6000 or so... but again, how to be sure that we from 9000 it won't go north ? Laddering that UP and DOWN is quite a challenge
Cant wait March to come soon when we hopefully start hearing about moons and lambos again!
THIS TIMES ARE HARD TIMES AHAH....
@Haejin thank you for the TA but thank you a lot for the motivation! haha BTFD! 👍🏻
Who else is honest enough to admit that this Bitcoin thing is actually more diverse and complex than initially thought? Either way it's an still interesting idea. It might take time time to fully grasp and eventually understand the concept but it's not impossible. Just my opinion.
ballin'
omg! BTFD cracked me up...thanks for the LOL
Thank you Haejin. You are the best! TA on DGB when you can please.
Thankyou
All set up ready. Buy ladder is in place. BTFD!!
I trust and rely on your evaluation.
고맙습니다^^~
lol Great video @Haejin
replied
This is NOT a healthy correction Haejin. Face it. It is a CRASH with worse to come.
Thanks @Haejin
If you are receiving this message, you have been flagged for responding to a known scammy piece of shit. Enjoy your dwindling rep. Here is how @haejin supports the community.
P.S. - His 21k followers are complete bullshit and most are inactive and have been for months.
I think fell down temporally, will rise soon, I in it believe and hope.because I love bitcoin, thank you to you for a post I like your posts
you are a pussy @berniesanders
Could you do a TA on the Dow Jones. Looks like the start of a correction right now.
If you are receiving this message, you have been flagged for responding to a known scammy piece of shit. Enjoy your dwindling rep. Here is how @haejin supports the community.
P.S. - His 21k followers are complete bullshit and most are inactive and have been for months.
The votes on this comment are quite meaningful
im one of the one's just got in , but i will hang out a while
Comment as a reply to my message on top to avoid auto downvote from BS!
If you are receiving this message, you have been flagged for responding to a known scammy piece of shit. Enjoy your dwindling rep. Here is how @haejin supports the community.
P.S. - His 21k followers are complete bullshit and most are inactive and have been for months.
@haejin Have you read this https://steemit.com/bitcoin/@xexylol/bitcoin-a-bubble-a-ponzi-and-an-environmental-disaster-for-the-head-of-the-bank-of-central-banks , what is your opinion ?
BTFD! LOL!!
If you are receiving this message, you have been flagged for responding to a known scammy piece of shit. Enjoy your dwindling rep. Here is how @haejin supports the community.
P.S. - His 21k followers are complete bullshit and most are inactive and have been for months.
Congratulations @haejin, this post is the eighth most rewarded post (based on pending payouts) in the last 12 hours written by a Superhero or Legend account holder (accounts hold greater than 100 Mega Vests). The total number of posts by Superhero and Legend account holders during this period was 28 and the total pending payments to posts in these categories was $2157.47. To see the full list of highest paid posts across all accounts categories, click here.
If you do not wish to receive these messages in future, please reply stop to this comment.
If you are receiving this message, you have been flagged for responding to a known scammy piece of shit. Enjoy your dwindling rep. Here is how @haejin supports the community.
P.S. - His 21k followers are complete bullshit and most are inactive and have been for months.
Congratulations, your post received one of the top 10 most powerful upvotes in the last 12 hours. You received an upvote from @ranchorelaxo valued at 256.50 SBD, based on the pending payout at the time the data was extracted.
If you do not wish to receive these messages in future, reply with the word "stop".
If you are receiving this message, you have been flagged for responding to a known scammy piece of shit. Enjoy your dwindling rep. Here is how @haejin supports the community.
P.S. - His 21k followers are complete bullshit and most are inactive and have been for months.
Hey Haejin, love your analysis! Could you explain why you think the fall would stop and bounce back at the bottom of the wedge?
If you are receiving this message, you have been flagged for responding to a known scammy piece of shit. Enjoy your dwindling rep. Here is how @haejin supports the community.
P.S. - His 21k followers are complete bullshit and most are inactive and have been for months.
nice B.T.F.D !!
If you are receiving this message, you have been flagged for responding to a known scammy piece of shit. Enjoy your dwindling rep. Here is how @haejin supports the community.
P.S. - His 21k followers are complete bullshit and most are inactive and have been for months.
Hi @haejin, can I have BTG and ETC analysis as well? Many thanks.
If you are receiving this message, you have been flagged for responding to a known scammy piece of shit. Enjoy your dwindling rep. Here is how @haejin supports the community.
P.S. - His 21k followers are complete bullshit and most are inactive and have been for months.
Awesome.
If you are receiving this message, you have been flagged for responding to a known scammy piece of shit. Enjoy your dwindling rep. Here is how @haejin supports the community.
P.S. - His 21k followers are complete bullshit and most are inactive and have been for months.
thanks for new updates about bitcoin.... i think you post is helpful and informative... best of luck...
If you are receiving this message, you have been flagged for responding to a known scammy piece of shit. Enjoy your dwindling rep. Here is how @haejin supports the community.
P.S. - His 21k followers are complete bullshit and most are inactive and have been for months.
An applauae to that
If you are receiving this message, you have been flagged for responding to a known scammy piece of shit. Enjoy your dwindling rep. Here is how @haejin supports the community.
P.S. - His 21k followers are complete bullshit and most are inactive and have been for months.
very good post... i like but dont understand about it.. please describe..
If you are receiving this message, you have been flagged for responding to a known scammy piece of shit. Enjoy your dwindling rep. Here is how @haejin supports the community.
P.S. - His 21k followers are complete bullshit and most are inactive and have been for months.
love the song
If you are receiving this message, you have been flagged for responding to a known scammy piece of shit. Enjoy your dwindling rep. Here is how @haejin supports the community.
P.S. - His 21k followers are complete bullshit and most are inactive and have been for months.
Haegin,
may I offer a suggestion. I read your blog every day do appreciate you taking the time to make these posts. Im just being honest with you and don't want to criticize too hard or unnecessarily. I hope you will take my critique in stride and make a change in your approach that could work out for the people like me who take our time to read what you put up. I have made buys on some of your calls. Frankly, the only one that was any good was bitshares, the first. the rest have all been incorrect so far. I do take full responsibility for my decision to listen to you in the first place, but I feel at this time I should point out that you have made some really really bad calls and I have lost $ on more then one. Bitcoin gold for instance.....Monaco....civic. even bitshares is back to where i bought in. Id say your accuracy is way less then advertised. You always signal when to buy, (and you do it quite often) but you never say when to sell. If your goal is really to help us gain massive profits, then it would be very useful to get the sell signals along with the buys. How about fewer calls all together and more focus of the key ones and what is happening with those on a more regular basis. Had I gotten the heads up on the bitshares correction instead of being told it was going to go to 2 + dollars I could have sold and bought back in, more then doubling my position. instead I am back to square one. Every dollar I had gained taking the plays you point out in your posts, is gone. I do also want to be honest and say that your accuracy isn't really that high. yes you have had some correct calls for buying, but those gains are now lost with this correction. Your calls said things would be going much higher and nothing about this massive correction was ever posted. I could have sold and bought back in much lower on many of my positions if I had known this was coming. Instead I took your advice saying it was going up and up and then.....now its not. Just letting you know that if you had just said when to sell along with when to buy it would be a lot more useful and profitable. Im just being honest as one of your readers. please consider that we take you seriously and when your wrong... it can cost us alot more money then your making off of these steemit posts. Im hodling so Im still hopeful that things will recover......but gee wiz man.....could you just be a little more considerate of us that actually take you seriously and give us the full picture on a few good plays instead of buy this buy that with no follow thru when its time to sell. I'd like to see more complete and regular information of fewer coins. Id like to get sell signals when things have topped out instead of just buy signals. Thanks again for what your doing and I will keep reading.
If you are receiving this message, you have been flagged for responding to a known scammy piece of shit. Enjoy your dwindling rep. Here is how @haejin supports the community.
P.S. - His 21k followers are complete bullshit and most are inactive and have been for months.
see my post i don't care about your flag
Thanks again my friend, with my limited knowledge I would venture to guess that BTC could go all the way down to 3K, no worries, buy the dip.
Peace, Kris.
P.S. I'm new what's this all about? {{ Reply to THIS COMMENT to avoide auto downvote from the DENSE Troll! Outmarting the obtuse is our plan! }}
If you are receiving this message, you have been flagged for responding to a known scammy piece of shit. Enjoy your dwindling rep. Here is how @haejin supports the community.
P.S. - His 21k followers are complete bullshit and most are inactive and have been for months.
Nice... What wil it be in the next 8 hours?
If you are receiving this message, you have been flagged for responding to a known scammy piece of shit. Enjoy your dwindling rep. Here is how @haejin supports the community.
P.S. - His 21k followers are complete bullshit and most are inactive and have been for months.
감사합니다^^
해진씨의 혜안을 믿은 보람이 크네요~~
If you are receiving this message, you have been flagged for responding to a known scammy piece of shit. Enjoy your dwindling rep. Here is how @haejin supports the community.
P.S. - His 21k followers are complete bullshit and most are inactive and have been for months.
@haejin you are good. I am your fun but please help me follow and votes.
If you are receiving this message, you have been flagged for responding to a known scammy piece of shit. Enjoy your dwindling rep. Here is how @haejin supports the community.
P.S. - His 21k followers are complete bullshit and most are inactive and have been for months.
Can we please have a STORJ update?
If you are receiving this message, you have been flagged for responding to a known scammy piece of shit. Enjoy your dwindling rep. Here is how @haejin supports the community.
P.S. - His 21k followers are complete bullshit and most are inactive and have been for months.