I'm a little confused by this analysis - I thought that we would have seen over $20K after January 8th and in a moderately higher range right now? Yet now we're talking a possible $9000? I don't recall ever seeing the 20-22K?
Can anyone explain in more detail why this is?
Two reasons - EW are never guaranteed in time scales - for better time frames you need to add in other factors such as resistance/support levels, Fibs etc - most of which Haejin just ignores - works well in a bull market - not so much in a bear market - when the market is running - i look at Haejins predictions - put them into a spreadsheet and come back to them 5 days later which is typically when they are about ready. Also as Haejin says - news will always arrive to justify the TA (which i think is crap). Lastly Haejin does not care about price or the realities of the market - so if it goes down by 50% before it hits the targets you can just add in another couple of corrective waves - check out Philakonecrypto - he is much better with timeframe and disciplined trading
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