Now, around 3650$, are we experiencing a reversal before that the decrease starts again to go deeper than 3000$
OR
Is the decrease finished and we are now going to new tops with sometimes some reversals as it happens always?
Watch the previous post video. That COULD have been the bottom, but who knows for sure? It looks like it with his analysis. Maybe see little pullback before starting up to top of wave 5.
No one can know, that is why Haejin puts in ladder buys which are spread across regions of where the price could go. No one can know where the bottom is exactly, mentioned before by Haejin in his video.
For the moment I believe BTC will go near $4000 and then face a correction because there is too much buying frenzy. I'd stay in the market for some time and back off for another correction which may or may not be huge. After all the trials we'll see BTC going for moon and then things will really BURN.
I don't know much TA. So I look at fundamentals. Too much mania around to keep BTC floating and even up. It's unlikely that BTC will go below $3000 before going to moon. I might be a little off with the prediction. Curious to know what you think.
There is a big difference between know if we reached the bottom and know if the trend is changing. For me the charts 3hours, 6 hours, 12 hours and daily are still very bearish and we are simply having a reversal due to the big decrease of the 3 last days.
So if it is just a reversal, there is no sense to start already to buy now as after the reversal, we should have a continuation to reach a new bottom.
Now this is perhaps a reversal which is the start of a new trend and I would like have the opinion of Haejin about that as I'm not using the eliot wave to do my TA.
By the way, I watched all the video and I asked a question to Haejin. It would be nice that you don't disturb my question by answering for other people.
Welcome on steemit. Try to think to do an introduction post...
Regards.
The below chart is my playbook. I had indicated that the C? area was the first potential Wave IV bottom and would cast my first ladder to buy there. There C?? is the second potential Wave IV bottom and that I would cast my second buy ladder.
Wave V will then bring us to $7,000 or potentially higher.
I'm afraid several people are blindly following without much back reading and analysis. I would venture to guess that 60% of the people following today have already emptied their accounts into their ladders.
On that note, readers please be FULLY aware of what you are doing, and remember that @haejin is doing a HUGE service here, but it is impossible for him to address every possible situation. Take each word in, listen closely, and some of these mistakes could have been avoided.
This is true, I almost did but am holding back for the moment. If you are a newer follower I would recommend going back several weeks and reading some of the blogs. Taking notes would be good as well. It helps me stay focused on the reading. Thanks @scarlet7 & @haejin
No worries! I have plenty of lower buy rungs and another ladder to cast should prices go towards $2,600 or $2,000. That's what dry kegs of powder are for which were raised before Wave III top.
i hope so as my ladders above $3000 got filled but I had more (probably foolishly) going from $3000 to down to $2600 and these obviously didnt get filled
yea me too, but I think we will get another chance soon. I think I will adjust them upwards tho, in case we are indeed in a new wave 1, it may be smart to aim for prices around the wave 2 low. These are around 3000-3200 I believe but @heajin pls correct me if I'm wrong there.
Haejin,
I'm a little bit lost now.
Now, around 3650$, are we experiencing a reversal before that the decrease starts again to go deeper than 3000$
OR
Is the decrease finished and we are now going to new tops with sometimes some reversals as it happens always?
I'm a little bit lost with all the waves.
Watch the previous post video. That COULD have been the bottom, but who knows for sure? It looks like it with his analysis. Maybe see little pullback before starting up to top of wave 5.
Please review:
https://steemit.com/bitcoin/@haejin/bitcoin-btc-short-term-update
No one can know, that is why Haejin puts in ladder buys which are spread across regions of where the price could go. No one can know where the bottom is exactly, mentioned before by Haejin in his video.
For the moment I believe BTC will go near $4000 and then face a correction because there is too much buying frenzy. I'd stay in the market for some time and back off for another correction which may or may not be huge. After all the trials we'll see BTC going for moon and then things will really BURN.
I don't know much TA. So I look at fundamentals. Too much mania around to keep BTC floating and even up. It's unlikely that BTC will go below $3000 before going to moon. I might be a little off with the prediction. Curious to know what you think.
The journey up to top of Wave V will be four steps forward, one step back; rinse repeat.
I prefer have the opinion of Haejin to be honnest ;) Thank you
Then watch the video, like I said :) Pleasure
@keen1 that went down well!!!!
haha ... wow
There is a big difference between know if we reached the bottom and know if the trend is changing. For me the charts 3hours, 6 hours, 12 hours and daily are still very bearish and we are simply having a reversal due to the big decrease of the 3 last days.
So if it is just a reversal, there is no sense to start already to buy now as after the reversal, we should have a continuation to reach a new bottom.
Now this is perhaps a reversal which is the start of a new trend and I would like have the opinion of Haejin about that as I'm not using the eliot wave to do my TA.
By the way, I watched all the video and I asked a question to Haejin. It would be nice that you don't disturb my question by answering for other people.
Welcome on steemit. Try to think to do an introduction post...
Regards.
So no body should reply to your question as it was direct and we are 'disturbing'... sorry was only trying to help
The below chart is my playbook. I had indicated that the C? area was the first potential Wave IV bottom and would cast my first ladder to buy there. There C?? is the second potential Wave IV bottom and that I would cast my second buy ladder.
Wave V will then bring us to $7,000 or potentially higher.
I'm afraid several people are blindly following without much back reading and analysis. I would venture to guess that 60% of the people following today have already emptied their accounts into their ladders.
On that note, readers please be FULLY aware of what you are doing, and remember that @haejin is doing a HUGE service here, but it is impossible for him to address every possible situation. Take each word in, listen closely, and some of these mistakes could have been avoided.
This is true, I almost did but am holding back for the moment. If you are a newer follower I would recommend going back several weeks and reading some of the blogs. Taking notes would be good as well. It helps me stay focused on the reading. Thanks @scarlet7 & @haejin
I believe you will touch $2000 or below. This is the fake bomb.
No worries! I have plenty of lower buy rungs and another ladder to cast should prices go towards $2,600 or $2,000. That's what dry kegs of powder are for which were raised before Wave III top.
This is my playbook:
Agreed. This bounce is a tiny bulltrap
So be it. This is my playbook:
i hope so as my ladders above $3000 got filled but I had more (probably foolishly) going from $3000 to down to $2600 and these obviously didnt get filled
I'm leaving my lower unfilled rungs alone for now.
yea me too, but I think we will get another chance soon. I think I will adjust them upwards tho, in case we are indeed in a new wave 1, it may be smart to aim for prices around the wave 2 low. These are around 3000-3200 I believe but @heajin pls correct me if I'm wrong there.