RE: Bitcoin (BTC) Evening Update: MACD! Buy Signal Could be coming!!

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Bitcoin (BTC) Evening Update: MACD! Buy Signal Could be coming!!

in bitcoin •  7 years ago 

With HAejin every time the time is coming and "kaboom is about to explode". I've been following closely his analysis.

In my opinion, no one's analysis suck as the market can have different outcomes but his predictions change like the wind.

In a bull market, he might have given you quite a few signals that got you to get good profits. However, in consolidation times, he is worse than other "ok" educated analyst. Why? Because there's no implementation of stop-losses and that drags you into a never ending downward spiral. With his next "analysis" he eases up your mind and takes you to the next "bottom". Next day it doesn't work, and takes you to the next "bottom" with his new analysis.

Elliott Waves do not predict a market + his "Elliot Waves" predictions have been way, but way off course. It's like believing in a lottery ticket based on your own predicted numbers and you think "oh this time I'll win".

In the end, Fibonacci extensions, retracements, projections, do live up to their expectations. I do agree that sometimes Fibonacci levels appear not to be met, but at least ... they end up very closely ranging near these levels.

Elliot Waves, and Haejin? Never. They're merely "hope" that will make you end up in "zero".

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