SUMMARY
LOOK AT THAT CONTIUATION OF THE BREAKOUT!! I hope ALL are Enjoying the PROFITS of ETH! This a,b,c,d,e triangle had been forming for months! As it was a daily scale and also shows same in weekly scale, I believe ETH will cary prices up steadily and for a while to come. Would not be surprised if $1,000 was exceeed! This was forcasted well in advance in my blogs and so I invite new readers and followers to review the evidence of my performance!
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
Follow me on Twitter for Real Time Alerts!!
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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
Legal Mumbo Jumbo: 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.**
It is nice to see it up so high.
yes of cource
Thanks for your hard work and updates. More tips on the way courtesy of ETH profits
Awesome. Will take profits. And buy more bts. Lol
Hey @tt-dogg can you (or anyone) help me understand taking profits? Let's say I bought 1 ETH at $300 and it is now at $413. Would I sell $113 worth and let the rest ride up more? Or take out the the original investment of $300 and let the $113 ride(that doesn't seem right)?
I am only about 6 months into crypto trading and investing and I have sold some coins that have made profit only to see them rise higher, so I am trying to understand how to take profits while staying in the game.
Thanks and Happy Thanksgiving.
im self taught and some of the terms i say maybe incorrect...but what i do is exactly like you explained above....i have certain coins like zeph...bts...steem...eos...that i never sell or take profits....but all my other coins that i have ltc, dash, eth, ripple, ....when they go up i do exactly what you stated above.....and i keep all these coins to diversify as most days at least 1 of the coins are performing ....but eventually i will prolly sell of most if not all of my eth as im not sure what will happen when the eos network drops...good luck bro and happy thanksgiving..
He had 2 choices and Didn’t know which one to choose. You will help me also if you answer the question which one to choose.
Good tips is never chase a coin.
Do your research first. Utility. Community. Competition.
Make a system and stick with it don’t vary. I don’t invest in coins purely because of price performance. I only invest in coins that I believe in and use daily. So if I have a coin that gets pumped and dumped I don’t care as I know it will recover just hold.
Never sell at loss. Jumping from a coin you lost money to another coin usually will end up losing again as your are impatient.
I only invest in a coin if it already has a product. I don’t invest in promises. Only exception is eos. I don’t daytrade. I used to do that and made good profits but I was glued to the monitor all day that is no way to live. I trade for 30 minutes in the morning. And an hour when I get home. I have a business to run and a family. I use bts dex daily. No longer use centralized exchanges. As I have been around since mt gox. And remember Americans flying to japan with signs protesting in front of mt Gox who lost there savings and retirement.
Reduce risk as crypto is already a risky investment. Diversify don’t put all your eggs in 1 basket. Spread out the risk
Don’t follow the hype.
If all else fails. The least stressful and risk.
Is buy and hold. Don’t ever sell.
Just buy the coins you feel is undervalued and shelve it and never sell. Hope that helps. Happy thanksgiving guys. Hope you guys make a boat load of profits.
PS. I advise a group of investors. In that group is a CPA , financial analyst. And another is a tech venture capitalist FYI. Just the CPA made made over 20k in profits last month. FYI.
By no means does that make me an expert. But what I do have is experience.
Thank you so so very much. Another question for you –
Should I move most of my coins from kraken to OpenLedger?
I just abandoned Kraken. Their website was often down and the trading platform was unreliable. An exchange where people are unable to execute trades isn't going to stay in business for long.
only you can make that decision...but its a centralized exchange no? i dont trust anyone with my private keys....
and the bts DEX does not...and never freezes my withdrawals...and coins is backed at least 1 to 1 and most 3 to 1...any proof that kraken does that?
I am fine and so happy to move all my coin to bts but what to do if they don't carry the coin? When will they make it easier to add the coin you want? What am I missing besides trades because I am trying to navigate 3-4 different exchanges and wallets!!
What 3 coins do you have?
I keep the original amount invested. And take a percentage of profits over that original invested.
Don't forget LTC too :)
You are awesome.
Haejin, I just wanted to thank you for the wealth of knowledge in your blog. As a newbie trader, it has already helped me on more than several occasions. You are a very sincere man and I admire your dedication to this subject. Please add some more reading recommendations to your list, that's all I ask!
First trade for me where patience has paid off thanks for the guidance!
Enjoyed it on X5 leverage. Currently I'm 90% out (exit at $396). I probably should have held longer.
Happy Thanksgiving!
Wish you Massive profits!
Better be out too early, than too late.
Thnaks, I still have about 10% of my original stake left. I got out purly because I expected a small correction (it did sort of happen going from around $396 to $372. But it seems we'll see more highs before a fall. I do expect at the very worst $600 ETH before the New Year.
Happy trading and may @haejin watch over you!
Haha. Thanks. Also wish ETH will rise a bit higher, but still can't get my head around $600 a coin this year. Because i'm in a long run on ETH, i will consider taking some profits at 1k.
Congrats! May I ask which exchange you can do the X5 leverage?
Thank you.
I use Kraken and the only reason is X5 leverage. Pholoniex is probably the only worse one. No new coins introduced and charts.......ummmm what charts??? I have to use https://www.tradingview.com for the Kraken chart. It's got high volume and it's been around for a while though.
Happy trading!
Kraken sucks. Constantly getting timeouts, orders not getting through.
But they have charts - actually they are using tradingview via cloudfront. You just click in the upper left corner on the "chart" icon (left of the traging pair drop down). It took me a month to notice that :)
I've noticed that. But it's not as good as simply having tradingview on the next tab IMHO.
I like to have it in a different window on second monitor, but that's me. They could easily made an option to show in new tab, though. Nevertheless the overall experience is horrible for me. Last time only 1 of 10 orders went through..
I see a lot of people complaining for months and nothing happens. The only thing they did was removing trailing orders. One would expect such big exchange, earning a lot of money to solve performance issues quick. Is it so hard to buy new hardware and/or invest more into software?
I'm trading on my laptop. So no second monitors for me. Glad you had 1 out of 10 orders going through. You are luckier than I am. I wish if I had your success with kraken. Can't wait for Binance to come up with Margin Trading.
I see. Thank you so much for the prompt reply. Happy Thanksgiving!
Thanks for all your work with this @haejin.
I have some ETH which I was going to sell and convert to either steem or BTS....however based upon your repeated calls with ETH, I decided to hold to see if there was a breakout. It seems to have taken place.
I will follow you and watch ETH head towards $1,000....after that, it might be time to take profits and buy something else....I will keep following your analysis to see what to get into.
@haejin, wish you a wonderful Thanksgiving! Thank you so much for your TA, I've been a great deal of knowledge.
(p.s. Beer tip is on the way in ETH)
Happy Thanksgiving to you and your family. Long time believer and holder of Ethereum so this is excellent news.
Hodling ETH till $600+
st target seems closer to $690 but don't take my word on it.
https://www.tradingview.com/x/V7GNxgNs/
Hey Haegin have I told you you're awesome!
Sure wish I had unlimited resources and method to invest in all. Working on learning.
Anyways please see my link above .. We hit the same 690 st target .. what do you think about the long term target 1650! thanks and I wish for you massive wealth.