SUMMARY
Is IOTA done? Will it now crash and burn and disappear? It sure can feel that way during a crash. However, to me, such times mean that one of the most discounted buying opportunities await. Once this correction completes, those who raised cash during the rising times will buy with open arms.
Why would anyone want to buy at such correction days? Because of the forest view which targets $19.62!!
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
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@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:
BTS Wallet - haejin1970
BTC Wallet - 1HMFpq4tC7a2acpjD45hCT4WqPNHXcqpof
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf
Buy when others are fearful... sell when others are greedy..
Top Cryptocurrencies Pending Price Target and their due dates
https://steemit.com/cryptocurrencies/@salahuddin2004/top-cryptocurrencies-pending-price-target-and-their-due-dates
confusion here @haejin iota target 19 @salahuddin2004 $9 so which one to believe?
None of them. Technical analysis is mostly pseudo science
good posting
thanking you
2 weeks ago Haejin was counting that we were in a wave 3 for XRP and target was $4.11. That was clearly a HUUGE miscount as it is evident now we were in a wave 5. We clearly fell well short of the target. This applies to most of his other calls in last 3 weeks.
I know I’m going to get responses like he doesnt project time and he can’t be right all the time, it’s a game of probabilites. Also, people saying do your own TA and he has a disclaimer it’s not investment advice. But when he is constantly promoting his 80-90% hit rate. Constantly saying he’s a 20+ year veteran. And writing up clickbait titles like “profit TSUNAMI”, “imminent EXPLOSION”. Also, saying how people made huge profits with his tutoring and analysis. What do you think it is going to convince people to do...? it’s essentially screaming out, TRUST ME, and enticing people to follow him. Actions speak louder than words. I can claim i have innocent intentions but do the opposite with my actions. He says he doesn’t intend to do harm but when he doesn’t offer alternate counts, promoting exact number targets and is basically doing everything to try to convince people to follow him through his ACTIONS. That can be very harmful. I believe it’s blatantly harmful to put up exact number targets while at the same time doing things which directly convince people how accurate you are.
In the words of Petyr Baelish, “Sometimes when I try to understand a person's motives, I play a little game. I assume the worst. What's the worst reason they could possibly have for saying what they say and doing what they do? Then I ask myself, "How well does that reason explain what they say and what they do?". Let me point out a little fact that Haejin is currently earning an average of $2.5k a day from his steemit posts at his current rate. His group tutoring with 100 newbies at $150 a pop will earn him $15,000 in 1.5 hrs. Now that’s serious money and serious motivation to gain a larger following.
Moreover, many will say yeah counts can vary and he’s not really wrong, it’s just a matter of time. I’d suggest looking up the oxford definition of wrong and look at his counts in the last 3 weeks. Wrong means incorrect. Going the opposite way. Look at his predictions over the last 3-4 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. Let’s just admit his wave count was incorrect. 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.
However, I fully expext when it does go up for people to start saying i was wrong “he’s a genius, he was completely right!”. Without looking at how completely revised and invalidated his previous wave counts were. We all forget the losers and promote the winners. Fully expecting a series of KABOOMS with no mention of the times it went the opposite way. This is the definition of confirmation bias.
Disclaimer: I’m just trying to play devil’s advocate. I like Haejin and appreciate the time he has put in to educate newbies. But just trying to point out that we should call a banana a banana and not an orange. Which i feel is what people are doing here with the calls he got wrong. Trying to call a banana an orange.
Totally agree, weve gotta count the misses as well as the hits.
You're so nice for commenting on this post. For that, I gave you a vote!
Haejin's posts are more like a tool for me but i only put money in something when i'm also happy with the fundamentals and it matches other analysts predictions. How i see it, is that haejin doesn't do it to lift all weights off your shoulders but he shares how he does TA which can be even more valuable when you have the time, energy and enthusiasm to learn it yourself. I lack all of this so i always take these with grain of salt. Even that way, just following him is very profitable and i think he is a good human being compared to many so called cocky veterans and that alone makes him unique in this scene.
He’s constantly promoting himself as a 20+ year veteran with an extremy high 80-90% hit rate. How is that not cocky.
I've never seen him claiming 80-90% hit rate. He never gives any guarantees to his predictions.
Nobody can predict Massive Market Manipulation. NOBODY. Remember that. But I do agree with where you are taking this. I consider the Corrections as a gift lol
I love the forest!!!
Thank you for doing an update on IOTA, much appreciated!!!
Got to love the forest, thanks for showing up the path!
Verry good posting..thanks
Verry good posting..help me plesase vote my posting
https://steemit.com/scenery/@rizkitelco/the-heavenly-army-7861c7316322d
$19? I wish.. lol
lol this analysis is ridiculous man, dude literally draws lines and gets 200+ votes for it! news flash to everyone: well done if you can even predict the next SINGLE wave of price action accurately, never mind the next 3...
Take something that was created in the 1930's before computers were even invented, and apply it to the technology that most smart phone capable human's still can't get their heads around.
is it possible to do an analysis on overall marketcap?
I'd love to see that...
would be good!
Yeah great Idea
🗅
wow. Love this quote ... even though I'm no fan of the Baron
same here , i hate him but i take positive doesn't matter where it comes from !
Time to Double .. No Triple... No Quadruple your Crypto Earnings.
Sign up today!
Haejin's SMS ServiceNever miss one of @Haejin's remarkable Analysis
Does your service cost money?
I hope all you guys listened to haejin and kept cash on hand for these unbelievable opps...i feel like a kid in a candy store today...so many great projects guys..this is the flash sale of the century..i've got ladders all the way down..im not even remotely worried even if BTC goes to $1500-2000 which is a support level that was never tested..i seriously doubt it will hit this area, but i tried to tell everyone a few weeks or months ago that wall street will try to crush this thing so they can become wealthy buying BTC and alts at the bottom...don't underestimate the big guys..i am not giving them my core holdings...hope everyone is doing well and looking at this as a long term strategy..not a short term get rich situation...the bounces on these things is going to be monumental
It is indeed a great buying opportunity but I do wish someone would have been banging the table and predicting the terminal end of wave 5 so people could get out before the crash ! I suspect a lot of people have been burnt !
I totally nailed the bitcoin correction.
Please check my tradingview and steemit blog.https://www.tradingview.com/chart/BTCUSD/0JqCEc4z-BTCUSD-Possible-Correction-Scenario/
Offered to sell IOTA @ 0.00181123 BTC .. lets see..
with this market going down, it's really hard to decide what to buy since the dip in your previous post was a certain amount & now it's something else, i could be wrong and ik alot of people would smash this post, but i would rather stick to Bitcoin alone now , if bitcoin shake, the whole market shakes harder, no point to buy anything right now
I think it is time for less analysis but better quality. If IOTA goes to $0.5 or $0.6 then most of other cryptos would do the same and we are then talking about such a crash that 99% of people will be done with cryptos ... so then the $19 .... well keep dreaming. Most of your analysis recently have been precisely wrong.
The thing about these kinds of analyses is that he's not making short-term price predictions so it's way too early to conclude that he has been wrong recently.
$19 will help me very much :D
Muchas gracias por compartir tus análisis
thanx for sharing the wonderful news
i will follow your opinion
Anyone can guess time when the price will be that high?
Nop
Nobody could.
Tomorrow, for sure.
i would say either 3:30-4am or 6:30-7:30am PST. the day, however, ...
in 10 years
thanks man great post
Your all information are good, Also this.
Good information @haejin
yeah is hard to know sometimes because there is always risks, buy when is low? (it doesn't go up soon), sell when is high and the other day gets higher, we have a big crazy wall street world with cripto, nice post man
you should also post when and what you buy and sell ... just to be transparent .... instead of posting 1000 coins TA
Go IOTA!!
CoinDash (CDT) and Cloud (CDN) are two different Coins... I believe this analysis to be of CoinDash (CDT) NOT Cloud (CDN). Great analysis but just want everyone not to get confused.
Thankyou for this informative post.
great post thanks for sharing
Any particular reason why you're expecting a dip to $0.59? That'd be a crash of around 90% from the top, is that your primary count?
IN DUE TIME..$19
to say that you are BULLISH is putting it very lightly... SUPERMAN BULLISH more like. With your prodigy saying Bitcoin will not return to its former highs until August the only way this is possible is if everyone pumps money into the alts instead of keeping it in Bitcoin like last year.
People seem to be far more bullish on Tron than IOTA, but i dont know. This could be the year where the scalability problem is solved, and if it is then everything could really rocket.
The first one to that is really going to dominate the entire space. Finding it is the GOAL.
when did he state that btc will not return to its former highs until august?
He only stated that its not probable acc his primary count. In his alternative counts he considered it though. But IOTA has some strong fundamentals. I am working in the automotive industry. The hype for Iot based applications in production is getting ridiculous.
Do you know any coin/ ICO that has partnered with a big company like Bosch? I don't...
I miss the time when you were bringing explanations to your analysis and not throwing a screenshot and a number... I even remember a time, a few months ago, when you were doing a video, even a short one, for most of your blogs.
Right on target ! Thank you .
I can even find that IOTA on bittrex xd
For all the haters of @Haejin:
My wallet seed showing 0
What's a "forest" view? I'm not a crypto analyst.
This makes absolutely no sense. Please, explain it to me.
Did @haejin see the correction coming? No? Does that mean he's full of shit?
I would love to see it reach 19. .. anyway thanks for any info about iota.
If transactions on IOTA Tangle are free how will they make money?? Additionally, if there are 2 QUADRILLION tokens (and there are! That's why they trade as MIOTA "millions".) then how much can a token be worth? Finally, what utility does their coin have if not to pay for transactions on their FREE Tangle Network???? I mean STEEM has value, their Tokens have utility. For IOTA there is none? At least none that I can find? These are valid questions I cannot seem to find answers to???
It is cheap right now. Sometimes I agree with Haejin's bullish comments. And IOTA is cheap after 19th January... IOTA is my favorite coin which have made good money for me :) still believe in it
Lets hope that you are close to the number on this one, i will be happy if so.
I see a lot of these price predictions, none of them seem to be remotely accurate.
Reposting my views on IOTA here as I thought it was relevant :)
I love what IOTA has done from the beginning...
-FAIR - All team members must buy in (no freebies to founders)
-TALENT - They are adding amazing people to the team each and every day
-HUMBLE - They have a long term game plan particularly recognizing the flaws and the need for a coordinator role at least for the short-medium term for security reasons
-ECO FRIENDLY - via Tangle not sucking up all the electricity in the world
-MARKET CAP OPPORTUNITY - In terms of growth potential... I firmly believe market cap has HUGE opportunity long term when compared to other coins
Count me in on team IOTA! HODL on this one...
Photo Credit: www.redbubble.com