RE: Litecoin (LTC): Correction is Almost Complete..Expect a Surging Breakout!!

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Litecoin (LTC): Correction is Almost Complete..Expect a Surging Breakout!!

in litecoin •  7 years ago  (edited)

Um....that is not a symmetrical triangle. That is a decending triangle, which actually implies a downside movement generally. I get you know Elliot Waves but please ask a chartpattern guy if your going to just throw random names out there, other people read these things.

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He doesn't care. He gets paid thousands of dollars worth of steem from his circle jerk of friends every single day through these bullshit posts with his fake technical analysis full of random words and shapes that have nothing to do with cryptocurrencies or market patterns. It's been pointed out several hundreds of times that his analysis is incorrect, and all he can do is revert to his statement about how his posts are for entertainment purposes only. Looking through the past at his ridiculous predictions will show that he knows nothing about what he is typing. This is simply one of his ways to scam people out of their money on the internet.

Agree. These are just charts for charts sake. They don't have any real insight or analysis. I don't get his popularity.

Maybe you don't get his charts ;)

  ·  7 years ago (edited)Reveal Comment
  ·  7 years ago Reveal Comment

The symmetrical triangle was apparently referring to the MACD chart

  ·  7 years ago (edited)

Nope. It wasn't.
"A symmetrical triangle with the ABCDE waves labeled."
I'm curious about this as well.

@realcrypto.
Triangles are important part of EW so I'm sure Haejin had a reason to mark it this way.
And there is just no excuse to be disrespectful.

my bad, I didn't notice this sentence

I Fully agree with you, this is a descending triangle, commonly associated to a bearish market

Where has he shown any sign of knowledge regarding EW?