Bitcoin (BTC) Mid-Day Update: Bull Wick?
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.
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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
@Haejin thank you for the TA but thank you a lot for the motivation! haha BTFD! 👍🏻
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!!!
very good post! thanks for the info
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....
just got in , but here for a long haul
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'
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!!!!
omg! BTFD cracked me up...thanks for the LOL
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 ?
Thank you Haejin. You are the best! TA on DGB when you can please.
Thankyou
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
All set up ready. Buy ladder is in place. BTFD!!
it is indeed an emotional test to witness such a correction for the first time in such a way...
thanks again Haejin!
Can't wait to buy BTC back at such low prices, thanks for your analysis, Haejin.
I trust and rely on your evaluation.
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
replied
고맙습니다^^~
lol Great video @Haejin
This is NOT a healthy correction Haejin. Face it. It is a CRASH with worse to come.
Thanks @Haejin
Could you do a TA on the Dow Jones. Looks like the start of a correction right now.
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!
@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!!
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Hey Haejin, love your analysis! Could you explain why you think the fall would stop and bounce back at the bottom of the wedge?
Hi @haejin, can I have BTG and ETC analysis as well? Many thanks.
nice B.T.F.D !!