RE: Bitcoin (BTC) Morning Update: This Correction Too Shall Pass....!!

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Bitcoin (BTC) Morning Update: This Correction Too Shall Pass....!!

in bitcoin •  7 years ago 

the last BTC update contradicts his alt suggestions. why would he suggest people buy into an alt when BTC is dragging everything down. Everyone should have sold out or stand pat while BTC was falling, not dropping money into alts.

There are two possible scenarios

  1. he doesnt have a clue what he is doing so he is posting and honestly thinks he is helping out
  2. he does know what he is doing, but continues to post to make money

I think he is smart, and his TA is great, but when he contradicts himself, you start to wonder his true intentions. anyone with half a brain would not be buying in the last week.

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I've been following haejin and philakone (who also do TA) for a while now. People need to know that TA doesn't project time line, and perhaps Haejin need to emphasize that in all his TA. All his altcoin's TA has a high possibility of coming true, but nobody, including himself, will be able to tell us WHEN it will come true.

Besides, he has also been clear of his "alternate" counts on BTC, and we cannot fault him when the market decided to take the secondary path/count instead of his primary. With this, he teaches us that there are many possibility and ranked them in probability of each happening by citing which is primary, secondary, etc. While he does this for BTC, do you expect him to to do the same in-depth analysis for ALL the altcoins which he has covered, giving all the different counts and pathways? If you do, then you are not here to learn from his generous lessons and teachings but merely expects him to give you the fish (and blame him when the fish escape).

Granted, many here just want to be given targets and numbers - but if you follow blindly, don't fault the teacher when their predictions doesn't come true the next few day you bought in. Again, TA does NOT cover timeline, just like he always emphasize in his BTC TA, the targets have high possibility of reaching BUT the paths they take will vary. Everyone know BTC is the main driver for all altcoins, and everyone who has been following actively should then know that BTC has high chances of further correction - so can't you relate these two yourself AND expect that altcoin will also be volatile?? Did Haejin ever put a timeline on his altcoin projections?

I agree, and I also enjoy the posts. I'm a relative newbie; I've invested in cryptocurrency as a whole; I'm not a day trader, although once in awhile I play around just for fun.

I don't think this form of analysis has much practical predicative value over the long term. I've watched five hyped predictions, and none of them have come true yet.

I agree that the posts have a sense of urgency that is not reflected by a good investment or trading strategy. The first post and analysis I saw, I blindly leapt on board. Now I've been watching, and I have observed that a more common sense approach to day trading would have yielded much better profits.

Timing IS the key.

I do find it all interesting.

People that aren't ready to adjust their TA, or the BLIND FOLLOWING OF SOMEONE ELSE'S TA FOR THAT MATTER, at an instance, should just get the fuck back to their dayjob as this is no playground for them.

consider reading the post thoroughly and you will see that he recommends laddering in. he never gives a BUY target because he wants you to ladder in over time...please do not be negative without looking for the positive.

This is where he has made most of his money from my conversations with him...it's the hardest thing to do when there is blood, but if you ladder correctly on the way down taking little bites (as he would say) eventually your bags will be filled and ready for the next push whenever that might be...i also have a few very successful investor friends that have done it the same way..it goes against all logic, but this is the way the wealthy do it

  ·  7 years ago Reveal Comment
  ·  7 years ago Reveal Comment

Projections in last 3 weeks of coins hitting all time highs have all gone the opposite way and invalidated his elliott counts. Look at XVG, STEEM, QTUM.

give it time and some patience and you will see....