High Resolution LiteCoin (LTC)
SUMMARY
The corrective progression of LiteCoin (LTC) can best be viewed using subwaves. Counting subwaves is ideal as it allows one to qualify the count of the higher degree but also enable a geo positioning sense of where price is in the correction. The below chart shows how Litecoin is carving out the a,b,c waves. Now, this can also be labeled in a different way as there are always different ways to label. However, I've used the a,b,c and then labeled the subwaves of red wave C.
The wave 5 of red C could be targeted for around $103 or so. That does NOT mean I'm yet calling the bottom. Remember, the bottom of a correction is NOT an event, it's a process. To that end, subwave counting becomes paramount.
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?
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Yeeey yet another post where haejin makes fancy drawings making people believe he knows what he is doing, abusing their inexperience for upvotes and money. His TA is total nonsense. And people need to know this to stop his greed. He only uploads for money, doesn't care whatsoever if his TA is any good or not, he just wants the money.
Another fool who has not educated themself.
Go back a few months and educate yourself.
There is no better TA on the web right now than Haejin, not that I have found in the last year at least.
People who assume bad intention are often ones who have bad intention, from watching Haejin's videos since August 2017 I can safely say he is not the one with bad intentions here.
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.
It's not about "believing" whether his calls are right. It's about learning technical analysis, educating yourself, and making your own judgement calls.
Haejin is not forcing me to buy anything. He is only making educated recommendations.
Nor is he forcing me to upvote him.
I am happy bernie is upvoting you as it is not a flag, but don't let his opinions become yours.
Think for yourself!
@lopa. Why don't you post something and I'll give you 2 pennies if it's any good? What else do you know? Let see your charts. Prove that he does not know anything. Let see your proof or else get... See you have $10.89, so greedy you are. Why don't you give it to me?
The most obvious point: HUGE SUPPORT at the level of 90 - 100 USD. Expect rebound from this level
Litecoin Next Profit Price Target
@lopa. Yeeey. Let see your drawing lopa. Would that be all winners? lol. Let see your TA. Let's all make money using your charts. How about that? You happy now? What is trading? What chart you use? What method you use? Or are you not a trader at all. Just have lots of time on the side and not happy in life in general?
notice how people like you unfamiliar with Elliot Wave Principle only point out when someone is wrong but never right lol
Umm. How the hell do you think this blog is so popular? How do you think it’s one of most constantly upvoted on steemit. Exactly from people pointing out when it’s right. There are far more voices and sentiment pointing out when it’s right than when it’s wrong. Disprove me on this.
You have got to be close to blind to state that people only point out when it’s wrong.
I see haejin TA rather good and informative, although maybe abit too elaborative but generally his view on the market is quiet accurate.
I fully agree basically begging for money at the bottom with all his addresses.
$103 for what? litecoin
thank you for work
@kimjongpoo is so sorry! I did not mean to offend poo! Doo doo forgive me??
LTC will be $600 soon enough and 0.04BTC. Haters gonna hate but keep doing your thing @haejin . Real recognizes real.
Haejin is wrong again :P
You're so nice for commenting on this post. For that, I gave you a vote!
thats rough for litecoin.....how can it drop to 100? it has been in "corrective" state around 200 mark for a while now.
You're so nice for commenting on this post. For that, I gave you a vote!
I really hope Litecoin will do well in the future. It was my first crypto buy. My baby LTC.
This is so funny 😂
😂😂😂 mine too and I love the image you used.
Veremos que pasa
Stop! Ladder time!
at first thanks for your idea. every time i follow you but this time i am not agree with your prediction.i don't think your prediction perfect . as you know price is now down because main point is btc crash . lite coin may be gain $600+ forcast.
but need time.
I don't see him saying its not correcting lol.
https://www.tradingview.com/chart/BTCUSD/0JqCEc4z-BTCUSD-Possible-Correction-Scenario/
I totally nailed the bitcoin correction.
Please check my tradingview and steemit blog.