He literally just posted the chart from that blog post you're linking.....
RE: Bitshares (BTS) Correction Analysis: Is it done yet? Check out this blog report!
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Bitshares (BTS) Correction Analysis: Is it done yet? Check out this blog report!
Check it again.
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I see the same chart, one is in log scale and the other is in standard scale.
I see both charts pointing towards an ABC correction for STRAT, roughly in the area of $1.30 USD per coin before the C correction wave might be finished. Again all of this is just an estimation, since no one has the ability to pinpoint numbers with 100% accuracy.
So, two questions for you:
Haejin has stated numerous times that his TA doesn't clearly define timeframes, but rather overall potential movements in a chart that people can look out for.
My understanding is pretty simple, the ABC corrections are not done yet and might not be done until STRAT is in that $1.30 area. STRAT is currently $2.84 so it has a ways to go... perhaps it'll drop further just like all the rest of the alts up until the 2X fork.....? Hmm... maybe.
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Right click and open the image in the comment, in a new tab. Should be much easier to see the tail of the C correction wave ending roughly around $1.30.
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I can see $3+ on the updated chart. Doesn't matter otherwise, not just this prediction was wrong. Maybe I start a blog where I collect all the wrong prediction because this is quite dangerous game.
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do it then dont say do it
if its that dangerous then dont play
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Are you sure you're looking at the same chart? I've illustrated below, what I see as the terminal end of C... (please make sure to open the image in a new tab!!!)
And it does matter, because it's likely you might be reading the charts a little incorrectly and that won't help you make money.
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Don't this chart look at. Check the second one in the post under the link. That one is the updated. This one Haejin made today.
https://steemit.com/bitcoin/@haejin/strat-update-short-term-target-usd11-03-long-term-target-target-usd140-35x
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Looks like there is a misunderstanding on what you mean by short term and what is a short term for @haejin. I do not see a problem in charts. 😉
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